Monthly Archives: August 2023
Hawkish FOMC Meeting Minutes Boost Dollar
Written on August 17, 2023 at 6:12 am, by lishitong
The Federal Open Market Committee (FOMC) meeting revealed that inflation may remain elevated. The dollar stands fortified after the release. The Chinese stock markets, including the Hang Seng index, are grappling with downward pressure due to investor pessimism surrounding the Chinese economy. Adding to these concerns, the release of the Federal Open Market Committee (FOMC)Continue Reading
Indices CFDs Symbol Change Notice
Written on August 17, 2023 at 1:25 am, by lishitong
Dear Valued Client, PU Prime will update the symbol of Indices CFDs products effective from 4th September 2023. Kindly refer to the table below outlining the affected instruments: Please note the above data are subject to changes. Kindly refer to MT4/MT5 for details. Important Note: • Live Account: For clients with open positions for the abovementionedContinue Reading
U.S. Retail Sales Rise Echo Hawkish Fed Outlook
Written on August 16, 2023 at 5:54 am, by lishitong
Following the release of increased US Retail Sales data, the U.S. equity market experienced a decline as investors leaned towards a hawkish Fed policy stance. Last night, the spotlight was on U.S. retail sales data, which surpassed market expectations by coming in at 0.7%, an improvement from the previous figure of 0.3%. The increase inContinue Reading
