Latest inflation figures suggest the central bank might need additional time before feeling comfortable with reducing interest rates, as mentioned by Fed Chair Powell during a panel discussion at the Wilson Center in Washington, accompanied by Bank of Canada Governor Macklem. “Recent figures have certainly not increased our confidence, instead indicating a longer than expected […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Copper for 16th April 2024.  Key Takeaways  Technical Analysis  Weekly 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 you […]

In March 2024, retail sales in the United States increased by 0.7% from the previous month. The rise followed a revised increase of 0.9% in February, which was significantly higher than the anticipated 0.3%. Such figures indicate that consumer spending is holding strong.  Among the 13 major categories, sales rose in eight. Notable jumps were […]

On Friday, April 12th, Wall Street experienced a significant decline, with major stock indices recording substantial losses. The S&P 500 had its worst day since January, plunging 1.46%, while the Dow Jones Industrial Average tumbled 475 points (-1.24%), and the Nasdaq Composite Index slid 1.62%. The negative sentiment was heavily influenced by earnings reports from […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for 12th April 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 […]

The European Central Bank (ECB) remained resolute in its battle against inflation, maintaining interest rates at elevated levels during the April meeting. The main refinancing operations rate stood firm at 4.5%, a 22-year high, while the deposit facility rate held steady at an unprecedented 4%. Although acknowledging the continued decline in inflation, with underlying measures […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the China A50 for 11th April 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 […]

In the April resolution, the Bank of Canada maintained its key interest rate at 5%, a move that was largely anticipated. The bank avoided suggesting when rate cuts might begin, citing ongoing inflation risks.   Despite acknowledging a reduction in price pressures across many goods and services since their last policy meeting, the bank emphasized uncertainties […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 10th April 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 you […]

On Tuesday, US stock markets exhibited a mixed closing, with investor sentiment swaying towards caution as the anticipation for the latest US inflation data heightened. Mild advances were seen in the S&P 500, creeping up by 0.14%, and the Nasdaq rose modestly by 0.32%. In contrast, the Dow Jones Industrial Average saw a slight decline […]