The Canadian dollar weakened to an 11-week low against its U.S. counterpart on Wednesday after the Bank of Canada implemented a larger-than-usual interest rate cut, while the U.S. dollar extended its recent large gains. USDCAD rose 0.15%, closing at $1.3837.  (USDCAD Daily Price Chart, Source: Trading View)  The Bank of Canada lowered its benchmark rate […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAGUSD for OCT 23rd, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (XAGUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (XAGUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (XAGUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Tuesday, the Dow Jones Industrial Average (DJI) slipped 0.02% to 42,924.89, the S&P 500 edged down 0.05% to 5,851.19, while the Nasdaq Composite (NDX) rose 0.11% to 20,383.65. The benchmark S&P 500 and the Dow finished lower in volatile trading, pressured by losses in industrials, materials, and utilities stocks. Meanwhile, the Nasdaq closed higher […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BTCUSD for OCT 22nd, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (BTCUSD Daily Price Chart, Source: Ultima Markets APP)  H1 Chart Insights  (BTCUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (BTCUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Monday, Russia’s central bank is expected to raise the key interest rate by 100 basis points (bps) to 20%, the same level as at the onset of what Russia refers to as a “special military operation” in Ukraine, according to most analysts surveyed by Reuters.  (Central Bank of Russia Interest Rate Decision, Source: Investing.com)  […]