Ultima Markets, an award-winning broker, has achieved yet another milestone by winning three prestigious awards at the World Business Outlook Awards 2024. The event saw Ultima Markets recognized for its excellence and innovation in the financial markets. Receiving the titles of “Best Forex Trading Platform Asia Pacific 2024”, “Best CFD Broker Asia 2024”, and “Fastest […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for AUG 6 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

The S&P Global UK Composite PMI for July 2024 was adjusted upwards to 52.8 from the initial 52.7 estimate, indicating faster economic expansion compared to June’s 52.3. UK private sector growth was fueled by increased demand, particularly in exports, reaching levels unseen since April 2023. Employment growth hit a 13-month high, while backlogs of work […]

In July 2024, the Federal Reserve kept the federal funds rate at 5.25%-5.50% for the eighth consecutive meeting. The decision aligned with market expectations. The central bank noted progress towards its 2% inflation target, though inflation remains somewhat elevated. Economic indicators suggest continued solid expansion, with job gains moderating and unemployment rising slightly but still […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for AUG 1 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for July 31 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

US stocks erased early gains as declines in heavyweight chip companies pressured tech-exposed equity indices. The S&P 500 fell 0.50% and the Nasdaq dropped 1.31%, reaching its lowest level in nearly two months. Meanwhile, the Dow gained 203.4 points (0.50%), extending its outperformance over tech-heavy counterparts, supported by banks and insurers. Markets were assessing recent […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for July 30 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

European stocks ended lower on Monday despite a promising start, with the Stoxx 50 of the Eurozone dropping 0.97% to 4,815.39 and the broader Stoxx 600 falling 0.20% to 511.79. The decline was primarily driven by the luxury and technology sectors, as investors assessed corporate earnings and awaited decisions from major central banks later in […]

On Friday, the dollar index hovered around 104.3 following the release of US PCE inflation data. The figures, which aligned with expectations, indicated softening price pressures and strengthened the case for the Federal Reserve to lower borrowing costs this year. Core PCE prices showed the smallest monthly increase in six months, rising just 0.2%. The […]