On Monday, gold prices slipped by 0.16%, closing at $2,499 per ounce. This followed a 0.7% decline last Friday after U.S. inflation data indicated that the Federal Reserve might opt for a smaller-than-expected interest rate cut this month.  (Gold Daily Price Chart, Source: Trading View)  Friday’s data revealed that U.S. consumer spending saw a solid […]

On Friday, crude oil prices declined by 3.11%, closing at $73.60. The downturn extended to Monday as investors weighed the likelihood of increased OPEC+ production starting in October against a steep decline in Libyan output, amid sluggish demand in China and the U.S., the world’s two largest oil consumers.  (Crude Oil Daily Price Chart, Source: […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for AUG 30 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (Copper Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (Copper H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (Copper 30 Minutes Price Chart, Source: Ultima Markets APP)  […]

On Thursday, Germany’s inflation rate y/y for August decreased to 1.9%, down from 2.3% in July. Similarly, Spain’s inflation rate y/y for August dropped to 2.2% from the previous 2.8%. This led to a decline in the Euro, with EUR/USD closing at 1.0770 after falling 0.38%.  (EUR/USD Daily Price Chart, Source: Trading View)  European Central […]

As we enter the third quarter of 2024, the global economy faces uncertainty, ranging from the unknown economic impact of Olympic in France, central banks at a crucial policy turning point as well as investors seeking safety in the tumultuous financial market. In response to these challenges, Ultima Markets has released its Investor’s Magazine Q3 […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for Aug 29, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (EUR/USD Daily Price Chart, Source: Ultima Markets MT4)  1-hour Chart Analysis  (EUR/USD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (EUR/USD 30 Minutes Price Chart, Source: Ultima Markets APP)  […]

On Wednesday, the AUD/USD pair surged past 0.6800 level, marking its 8-month high. This was mainly due to the year-over-year CPI data rose by 3.5% in July, easing from 3.8% in June and surpassing expectations of 3.4%.  (Australia CPI y/y Data, Source: Forex Factory)  As a result, this stronger-than-anticipated data prompted markets to slightly reduce […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for Aug 28, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (XAUUSD Daily Price Chart, Sources from Ultima Markets MT4)  1-hour Chart Analysis  (XAUUSD H1 Price Chart, Sources from Ultima Markets MT4)  Pivot Indicator  (XAUUSD 30 Minutes Price chart, Sources from […]

On Tuesday, according to the data from Arkham Intelligence, 30,000 BTC worth of $1.88 billion at current prices was transferred to the world’s largest crypto exchange, Binance. Such significant transfers to an exchange often raise concerns among market participants as there is a potential intention to sell, which can drive prices lower. Consequently, Bitcoin declined […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for AUG 27 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  （AUD/USD Daily Price Chart, Sources from Ultima Markets MT4) H1 Chart Insights  (AUD/USD H1 Price Chart, Sources from Ultima Markets MT4) Pivot Indicator  (AUD/USD 30Minutes Price Chart, Sources from Ultima […]