Monthly Archives: April 2023
Is a Recession Looming?
Written on April 6, 2023 at 5:50 am, by lishitong
Recession fears have escalated in the markets, especially after the ADP Nonfarm payroll was released yesterday. The dollar index traded higher, and gold prices poised at a yearly high as safe-haven assets are being sought after by investors amid a recession looming with a lower-than-expected U.S. job report. On top of that, the U.S. ISMContinue Reading
Banking Crisis Fears Resurface
Written on April 5, 2023 at 5:59 am, by lishitong
Evidence of a weakening U.S. economy has led investors to rotate out of the dollar Although a hawkish statement from Cleveland Fed President Loretta Mester advocated for sustained rates above 5%; the market is struggling with the resurgence of banking fears. The newly released economic data, including the manufacturing PMI and JOLTs job opening dataContinue Reading
PU Prime Server Upgraded Reminder
Written on April 4, 2023 at 10:57 am, by lishitong
Dear Valued Client, PU Prime would like to remind you that we have recently completed a server upgrade to provide an enhanced trading environment for all our clients. The upgrade was carried out on 18 March 2023, from 00:00 hrs. (GMT+3) until 05:00 hrs. (GMT+3). As a result of the upgrade, the MT4/MT5 account serverContinue Reading
