Tag Archives: FED

The pound remained steady on Thursday, poised for a modest weekly gain against the dollar ahead of U.S. employment data, which could shape the currency markets in the coming weeks and months. GBP/USD rose 0.25%, closing at 1.3177, edging back towards its last week’s two-year high of $1.3269.  (GBP/USD Daily Price Chart, Source: Trading View)  […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for SEP 5, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (Gold Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (Gold H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (Gold M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

U.S. stocks declined on Tuesday, as investors awaited data expected to impact the Federal Reserve’s decision on interest rate cuts. The Dow dropped to 40,936.93, while the S&P 500 lost 2.12% to 5,528.93, and the Nasdaq Composite 3.26% to 17,136.30.  (NASDAQ Index Daily Price Chart, Source: Trading View)  Chip stocks were notably affected, with Nvidia, […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for Sept 3, 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 M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

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 […]

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)  […]

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 […]

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 […]

U.S stocks surged following Powell’s remarks, with the S&P 500 index climbing nearly 1% and closing at 5634. In his anticipated speech at the Kansas City Fed’s annual conference in Jackson Hole, Powell stated that “the time has come for policy to adjust.”   (S&P 500 Index Daily Price Chart)  He indicated readiness to lower interest […]

On Wednesday, the US dollar index declined by 0.24%, closing at 101.14, marking its lowest level this year. This drop was largely attributed to revised data revealing that employers added 818,000 fewer jobs in the year through March than previously estimated.  (2024 Preliminary Benchmark Payroll Revision)  The Fed now faces fewer obstacles to cutting rates […]