A Balancing Act Between Inflation and Growth The year 2024 has been quite a roller coaster for political and economic events. The final interest rate decision meeting is scheduled for this month by the Federal Reserve. The minutes of the November meeting give insight into their next steps. A key takeaway is that many officials […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for DEC 10, 2024.  AUDUSD Key Takeaways  AUDUSD Technical Analysis  AUDUSD Daily Chart Insights  (AUDUSD Daily Price Chart, Source: Ultima Markets MT4)  AUDUSD 1-hour Chart Analysis  (AUDUSD H1 Price Chart, Source: Ultima Markets MT4)  AUDUSD Pivot Indicator  (AUDUSD M30 Price Chart, […]

Deflationary Pressures Continue to Haunt China  On Monday, the National Bureau of Statistics reported that China’s consumer price index (CPI) was up only 0.2% y/y in November, compared with the 0.3% rise in October and well below the expected 0.5% increase.  (China CPI y/y and PPI y/y Chart, Source: LSEG Data Stream)  The world’s second-largest […]

US Dollar Rise on Stronger Nonfarm Payrolls  Last Friday, the increase in the jobless rate showed weakness in household employment data. The smaller and more volatile household survey that determines the unemployment rate showed a decrease of 355,000 jobs. In contrast, nonfarm payrolls increased by 227,000 in November, following an upwardly revised increase of 36,000 […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for DEC 6, 2024.  EURUSD Key Takeaways  EURUSD Technical Analysis  EURUSD Daily Chart Insights  (EURUSD Daily Price Chart, Source: Ultima Markets MT4)  EURUSD 1-hour Chart Analysis  (EURUSD H1 Price Chart, Source: Ultima Markets MT4)  EURUSD Pivot Indicator  (EURUSD M30 Price Chart, […]

Tax Hikes Weigh on U.K Economy  On Thursday, data from the Bank of England showed that British employers’ expectations for wage growth continued to soften. In a separate report, activity in Britain’s construction sector rose in November, but neither report had much impact on the pound. However, the pound gained 0.45% against the U.S. dollar, […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BTCUSD for DEC 5, 2024.  BTCUSD Key Takeaways  BTCUSD Technical Analysis  BTCUSD Daily Chart Insights  (BTCUSD Daily Price Chart, Source: Ultima Markets MT4)  BTCUSD 1-hour Chart Analysis  (BTCUSD H1 Price Chart, Source: Ultima Markets MT4)  BTCUSD Pivot Indicator  (BTCUSD M30 Price Chart, […]

Trump’s Nomination of Paul Atkins Fans the Rally  On Thursday, President-elect Donald Trump announced his intention to nominate Paul Atkins to lead the U.S. Securities and Exchange Commission. Following the announcement, Bitcoin surged by over 3%, as Atkins is widely regarded as a pro-crypto candidate. Trump’s favorable stance on cryptocurrencies has encouraged small businesses to […]

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

Inflation Falls Short of Expectations  On Tuesday, data from the Federal Statistics Office revealed that Swiss annual inflation edged up to 0.7% in November from 0.6% in October, falling short of the forecasted 0.8%. Meanwhile, consumer prices dipped by 0.1% compared to the previous month, aligning with expectations.  (Switzerland CPI y/y, Source: Investing.com)  In 2024, […]