ECB Cuts Rates to 3% as Expected  The European Central Bank (ECB) lowered its benchmark interest rate by 25 basis points to 3% on Thursday, a decision widely anticipated by markets. This marks the fourth-rate reduction in 2024, with the central bank hinting at the potential for additional cuts as inflation nears its target and […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for DEC 12, 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, […]

CPI Data Align with Expectations  On Wednesday, the consumer price index rose 0.3% last month, same as the expectation of 0.3%, also marking the largest gain since April. The U.S dollar strengthened after CPI data came in line with forecasts, U.S dollar index rising 0.23% to close at 106.62.  (U.S Dollar Index Chart, Source: Trading […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for DEC 11, 2024.  USDCAD Key Takeaways  USDCAD Technical Analysis  USDCAD Weekly Chart Insights  (USDCAD Daily Price Chart, Source: Ultima Markets MT4)  USDCAD 4-hour Chart Analysis  (USDCAD H1 Price Chart, Source: Ultima Markets MT4)  USDCAD Pivot Indicator  (USDCAD M30 Price Chart, […]

RBA Indicates a Soft Hawkish Stance  The RBA, on Tuesday, left the cash rate unchanged at 4.35% during its December policy meeting, reflecting a softer hawkish bias. With Australia’s central bank moving closer to the possibility of joining its global peers in cutting rates, future policy decisions remain data-dependent, meaning the possibility for a shift […]

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, […]