On Wednesday, the AUD/USD pair surged past 0.6800 level, marking its 8-month high. This was mainly due to the year-over-year CPI data rose by 3.5% in July, easing from 3.8% in June and surpassing expectations of 3.4%.  (Australia CPI y/y Data, Source: Forex Factory)  As a result, this stronger-than-anticipated data prompted markets to slightly reduce […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for Aug 28, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (XAUUSD Daily Price Chart, Sources from Ultima Markets MT4)  1-hour Chart Analysis  (XAUUSD H1 Price Chart, Sources from Ultima Markets MT4)  Pivot Indicator  (XAUUSD 30 Minutes Price chart, Sources from […]

On Tuesday, according to the data from Arkham Intelligence, 30,000 BTC worth of $1.88 billion at current prices was transferred to the world’s largest crypto exchange, Binance. Such significant transfers to an exchange often raise concerns among market participants as there is a potential intention to sell, which can drive prices lower. Consequently, Bitcoin declined […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for AUG 27 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  （AUD/USD Daily Price Chart, Sources from Ultima Markets MT4) H1 Chart Insights  (AUD/USD H1 Price Chart, Sources from Ultima Markets MT4) Pivot Indicator  (AUD/USD 30Minutes Price Chart, Sources from Ultima […]

On Monday, oil price surged 2.92%, closed at $77.10 per barrel, marking its largest gain in two weeks.  This surge was primarily driven by the Libyan government’s declaration of force majeure on all oil facilities in Benghazi, which threatens to significantly disrupt global oil supply.  (US Oil Daily Price Chart)  In addition, rising tensions in […]

U.S stocks surged following Powell’s remarks, with the S&P 500 index climbing nearly 1% and closing at 5634. In his anticipated speech at the Kansas City Fed’s annual conference in Jackson Hole, Powell stated that “the time has come for policy to adjust.”   (S&P 500 Index Daily Price Chart)  He indicated readiness to lower interest […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for AUG 23 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (AUD/USD Daily Price Chart, Sources from Ultimate Markets MT4)  H1 Chart Insights  (AUD/USD Hourly Price Chart, Sources from Ultima Markets MT4)  Pivot Indicator  (AUD/USD 30 Minutes Price Chart, Sources from […]

Sterling experienced a broad surge on Thursday, fuelled by better-than-expected PMI data, suggesting the UK economy is on course for solid growth in the third quarter. The flash composite output index climbed to a four-month high of 53.4 in August from 52.8 in July, surpassing the forecasted figure of 52.9. The services business activity index […]

Ultima Markets, a multi-award-winning broker, has firmly established itself as a leader in providing unparalleled services and innovative solutions. It recently earned the ‘Best Broker in Asia 2024’ and ‘Best Multi-Asset Trading Platform Asia 2024’ awards at the International Business Magazine Awards 2024. Receiving the prestigious ‘Best Broker in Asia 2024′ award is a testament […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for Aug 22, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (GBPUSD Price Daily Chart, Sources from Ultima Markets MT4) 15-min Chart Analysis  (GBPUSD 15 Minutes Price Chart, Sources from Ultima Markets MT4) Pivot Indicator  (GBPUSD 30 Minutes Price Chart, Sources […]