About: jonywang
Recent Posts by jonywang
CPI Strength Hinders Fed Rate Cut; Focus On FOMC minutes.
Wednesday, 21 Feb, 21:00 – FOMC Meeting Minutes In January, the Federal Reserve declared a steady policy rate of 5.25% – 5.5%, acknowledging the uncertain trajectory toward a rate cut in 2024. While many investors are hopeful for a shift from rate hikes to cuts by the Fed in the upcoming months, the robust inflationContinue Reading
Server Upgrade Notice
Dear Valued Client, Please be informed that PU Prime will be having an upgrade on its MT4/MT5 servers between 00:00 hrs. (GMT+2) until 05:00 hrs. (GMT+2) on February 17. Access to MT4/MT5 accounts will not be available during the server upgrading period. We would also like to highlight that all orders would not be executedContinue Reading
Soft Retail Sales Hammers Dollar
The Retail Sales figure disappointed at -0.8%, marking its lowest point since January 2023. This has fueled expectations for a potential rate cut by the Federal Reserve in May. The much-anticipated U.S. Retail Sales figures failed to sustain positive sentiment following the robust Consumer Price Index (CPI) reading unveiled last Tuesday. Despite a decline inContinue Reading
