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: […]

The yen dropped to a three-month low on Monday after Japan’s ruling coalition lost its parliamentary majority, leading investors to anticipate a slower pace of future interest rate hikes. Meanwhile, the dollar approached a monthly gain amid rising U.S. yields, with the yen hitting its weakest level since late July, trading at 153.3 in early-morning […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for OCT 25th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (EURUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (EURUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (EURUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Thursday, Bank of Japan Governor Kazuo Ueda expressed optimism regarding the U.S. economic outlook, noting its broadening strength. However, he emphasized that markets remain unstable, offering a mixed perspective on whether the risks to Japan’s economy are diminishing.  When asked about the impact of recent yen depreciation on inflation, Ueda explained that the Bank […]