In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for AUG 16, 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 […]

Unemployment claims fell to a one-month low, signalling a gradual and orderly slowdown in the labour market. Companies are scaling back hiring, struggling to keep up with the influx of labour driven by increased immigration.  Conversely, retail sales surged by 1.0% last month, marking the largest gain since January 2023, following a downwardly revised 0.2% […]

The Reserve Bank of New Zealand (RBNZ) has surprised markets by cutting its benchmark rate by 25 basis points to 5.25%, the first reduction since March 2020. This unexpected move, which indicates a pronounced dovish stance, comes as inflation approaches the 1% to 3% target range.  (RBNZ’s Official Cash Rate)  Previously, rate cuts were not […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for Aug 15, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  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 […]

On Tuesday, a softer-than-expected rise in US producer prices in July, up 0.1% against estimates of 0.2% eased dollar. The Dollar Index dipped 0.51%, closed at 102.6 against other major currencies. The higher goods costs offset by more affordable services, signaling a continued moderation in inflation. This led to a rally in Treasuries, driving tiled […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for Aug 14, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  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 price of gold surged 1.69% on Monday, closing at $2471.93 per ounce. This was mainly driven by safe-haven inflows as traders anticipated U.S. inflation data this week, which could provide further insight into the Federal Reserve’s trajectory for interest rate cuts.  “Should the incoming data continue to show that inflation is moving sustainably toward […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZDUSD for Aug 13, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  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 […]

Soft labor data and a dovish outlook for the Bank of Canada (BoC) halted the Canadian dollar’s rally. The loonie traded at 1.374 per USD, down from its August 9th strength of 1.37. Canada’s unemployment rate remained at 6.4%, its highest level in over two and a half years, despite being below market expectations. The […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for AUG 9 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 […]