In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of Cocoa for 29th May 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  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 with valuable insights […]

Latest data from China shows a rise in shipment of foreign-branded smartphones in China for April, stoking higher demand for Apple stock following its release. According to the China Academy of Information and Communications Technology, the shipment of foreign-branded smartphones rose by 52% in April to 3.495 million units, significantly higher than 2.301 million units […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for 28th May 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  4-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 […]

Market demand for gold remains high as it recoups some last week’s losses ahead of US key inflation data. Among industrial metals, copper price receives the same fate, inching upwards following a slip from record high last week.   Traders will be on the lookout for US PCE Price Index data, the Federal Reserve’s preferred inflation […]

Germany’s first-quarter GDP witnessed a modest recovery, with a 0.2% quarter-on-quarter expansion, bouncing back from a 0.5% contraction in the preceding quarter. The rebound aligned with preliminary estimates and market expectations.   The upturn was primarily driven by a sharp resurgence in gross fixed capital formation, which rose by 1.2% compared to a 2.1% decline in […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTIUSD for 24th May 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 S&P Global US Composite PMI jumped to 54.4 in May, a significant increase from 51.3 in April, achieving its highest point since April 2022 and surpassing the anticipated figure of 51.1 based on initial data.   The service sector played a pivotal role in this rise, recording a PMI of 54.8 and demonstrating the largest […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for 23rd May 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 Reserve Bank of New Zealand (RBNZ) maintained the official cash rate (OCR) at 5.5% during its May meeting, marking the seventh consecutive hold, and signaled a more hawkish outlook than anticipated. Subsequently, the New Zealand dollar surged past $0.612. The RBNZ stated that the current restrictive policy stance is necessary for a longer duration […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZDUSD for 22nd May 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 […]