On Wednesday, the Bank of Canada reduced its key policy rate by 25 basis points to 4.25%, in line with expectations. Governor Tiff Macklem noted that due to sluggish economic growth, a larger rate cut might be necessary to support the economy.  The central bank had maintained its benchmark rate at a two-decade high of […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for SEP 4, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (USD/CAD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (USD/CAD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (USD/CAD 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 […]

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)  […]