Tag Archives: FED
U.S. Dollar Strengthens Amid Better-Than-Expected Economic Data
Unemployment claims fell to a one-month low, signalling a gradual and orderly slowdown in the labour market. Companies are scaling back hiring, struggling to keep up with the influx of labour driven by increased immigration. Conversely, retail sales surged by 1.0% last month, marking the largest gain since January 2023, following a downwardly revised 0.2% […]
Focus on USDX today – 9th AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for AUG 9 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights 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 […]
Focus on XAUUSD today – 6th AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for AUG 6 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights 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 […]
Focus on GBPUSD today – 2nd AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for AUG 2 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights 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 […]
Tech Stocks Surge as Fed Signals Potential Rate Cut
In July 2024, the Federal Reserve kept the federal funds rate at 5.25%-5.50% for the eighth consecutive meeting. The decision aligned with market expectations. The central bank noted progress towards its 2% inflation target, though inflation remains somewhat elevated. Economic indicators suggest continued solid expansion, with job gains moderating and unemployment rising slightly but still […]
Focus on XAUUSD today – 1st AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for AUG 1 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights 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 […]
Focus on EURUSD today – 31st July 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for July 31 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights 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 […]
Tech Slump and Earnings Misses Weigh on US Stocks Ahead of Fed Decision
US stocks erased early gains as declines in heavyweight chip companies pressured tech-exposed equity indices. The S&P 500 fell 0.50% and the Nasdaq dropped 1.31%, reaching its lowest level in nearly two months. Meanwhile, the Dow gained 203.4 points (0.50%), extending its outperformance over tech-heavy counterparts, supported by banks and insurers. Markets were assessing recent […]
Focus on GOLD today – 11th July 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for July 11 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-Hour Chart Insights 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 […]
Focus on COPPER today – 5th July 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for July 5, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-Hour Chart Insights 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 […]