Ultima Markets

Gold Prices Fall to Three-Week Low   On Wednesday, gold prices dropped 3.09%, closing at $2,660 per ounce. This decline was driven primarily by a strengthened U.S. dollar following Republican Donald Trump’s election as U.S. President. With markets having anticipated a contested result, Trump’s clear victory removed an element of uncertainty. This outcome led to a […]

Impact of a Trump vs. Harris Victory on Market Trend  On Monday, the U.S. dollar index gapped down, slipping 0.34% as investors prepared for a potentially pivotal week for the global economy, with the United States selecting a new leader. Democratic candidate Kamala Harris and Republican candidate Donald Trump remain virtually tied in opinion polls, […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for NOV 1, 2024.  Key Takeaways  Technical Analysis  EURUSD Daily Chart Insights  (EURUSD Daily Price Chart, Source: Ultima Markets MT4)  EURUSD 4-hour Chart Analysis  (EURUSD H1 Price Chart, Source: Ultima Markets MT4)  EURUSD Pivot Indicator  (EURUSD M30 Price Chart, Source: Ultima […]

Bank of Japan maintain Policy Rate of 0.25%  On Thursday, the Bank of Japan maintained ultra-low interest rates and indicated a need to monitor global economic developments closely, emphasizing its attention to risks impacting Japan’s fragile domestic recovery when considering future policy tightening.  (Japan’s Core CPI and BOJ’s Policy Rate, Source: LSEG)  Governor Ueda’s comments […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for OCT 31, 2024.  USDJPY Analysis Key Takeaways   USDJPY Technical Analysis  USDJPY Daily Chart Insights  (USDJPY Daily Price Chart, Source: Ultima Markets MT4)  USDJPY 1-hour Chart Analysis  (USDJPY H1 Price Chart, Source: Ultima Markets MT4)  USDJPY Pivot Indicator  (USDJPY M30 […]

UK 2024 Budget Balances Fiscal Responsibility with Strategic Investment  Britain’s finance minister, Rachel Reeves, unveiled her budget plans on Wednesday, signalling that the government would narrowly adhere to its new fiscal rules—a cautious forecast that triggered a selloff in government bonds. The Labour government’s first budget, sparing markets from severe disruptions, introduced 40 billion pounds […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for OCT 30, 2024.  GBPUSD Key Takeaways  GBPUSD Technical Analysis  Daily Chart Insights  (GBPUSD Daily Price Chart, Source: Ultima Markets MT4)  1-hour Chart Analysis  (GBPUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (GBPUSD M30 Price Chart, Source: Ultima Markets […]

Australia’s Q3 CPI Eases to RBA Target Range  On Wednesday, the Australian Bureau of Statistics reported that the consumer price index (CPI) rose by just 0.2% in the third quarter, slightly below the expected 0.3% increase. Annual inflation slowed to 2.8% from 3.8%, marking the first time since late 2021 that inflation has fallen within […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the China A50 for OCT 29th 2024.   Key Takeaways   Technical Analysis   Daily Chart Insights   (China A50 Daily Price Chart, Source: Ultima Markets MT4)     H1 Chart Insights   (China A50 H1Price Chart, Source: Ultima Markets MT4)     Pivot Indicator   (China A50 M30 Price Chart, […]

Oil prices plunged 6% on Monday, dropping over $4 per barrel, following Israel’s retaliatory strike against Iran on Saturday, which bypassed oil and nuclear facilities, thereby avoiding any disruption to energy supplies. Brent futures fell 6.09%, closing at $71.42 per barrel, while WTIUSD dropped 6.13%, settling at $67.38 per barrel.  (WTIUSD Daily Price Chart, Source: […]