The Canadian dollar slipped against its U.S. counterpart on Monday as Federal Reserve Chair Jerome Powell tempered expectations for another substantial interest rate cut. However, the Loonie managed to retain much of its quarterly gains. USDCAD was down 0.1% at 1.3530 on Monday, with the currency losing 0.3% for the month but posting a 1.1% […]

Last Friday, the yen strengthened after Shigeru Ishiba narrowly won the leadership contest of Japan’s ruling Liberal Democratic Party. The yen gained 1.88%, trading at 142.12 per dollar, having briefly touched 142.09. This marked the yen’s largest daily percentage increase since August 2. Over the week, the dollar fell 1.25% against the yen, positioning the […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for SEP 27, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (WTIUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (WTIUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (WTIUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Thursday, the Swiss National Bank reduced interest rates by 25 basis points to 1.00%, marking the lowest level since early 2023. The cut was the bank’s third such reduction this year as the central bank dialled back measures designed to combat inflation. This echoed step taken to lower borrowing costs by the European Central […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for SEP 26, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (US Dollar Index Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (US Dollar Index H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (US Dollar Index M30 Price […]

On Wednesday, the U.S. dollar rebounded from a 14-month low against the euro in volatile trading. However, investors maintained expectations that the Federal Reserve will implement another significant interest rate cut at its November meeting, driven by weakening labor market sentiment. EURUSD declined by 0.42%, closing at 1.1133, while GBPUSD dropped 0.67%, ending at 1.3323.  […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for SEP 25, 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 Daily Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Tuesday, Australia’s central bank reaffirmed that rate cuts are unlikely in the short term, keeping its policy rate steady at 4.35%. However, it eased its hawkish tone by indicating that further monetary tightening was not on the agenda. Governor Michele Bullock noted that while the board didn’t actively consider a rate hike, they did […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for SEP 24, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (AUDUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (AUDUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (AUDUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Monday, the Euro took a sharp hit following disappointing business activity data from the eurozone. France’s flash services PMI came in at 48.3, significantly below the expected 53.0, while Germany’s flash services PMI was reported at 50.6, falling short of the forecast of 51.1.  (French Flash Services PMI, Source: Forex Factory)  (German Flash Services […]