In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for Aug 22, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (GBPUSD Price Daily Chart, Sources from Ultima Markets MT4) 15-min Chart Analysis  (GBPUSD 15 Minutes Price Chart, Sources from Ultima Markets MT4) Pivot Indicator  (GBPUSD 30 Minutes Price Chart, Sources […]

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 […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for Aug 21, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (USD/JPY Daily Price Chart, Sources from Ultima Markets MT4)  1-hour Chart Analysis  (USD/JPY Houry Price Chart, Sources from Ultima Markets MT4)  Pivot Indicator  (USD/JPY 30 Minutes Price Chart, Sources from […]

On Tuesday, Canada’s annual inflation rate dropped to 2.5% in July, aligning with expectations. Despite this, the Canadian dollar weakened slightly, though USD/CAD slipped 0.1% to close at 1.3620, which was influenced by the significant weakness in the U.S. dollar due to expectations of a potential interest rate cut.  (USD/CAD Daily Price Chart)  The current […]

Today, Ultima Markets brings you an in-depth analysis of gold as of August 20, 2024.  Fundamental Analysis Central Banks Support Gold Prices: In the first half of this year, central banks’ net gold purchases reached 483.3 tons, equivalent to nearly 40,000 gold bars. This is one of the factors supporting the strong rise in gold […]

On Tuesday, oil prices declined as Israel agreed to a proposal aimed at resolving disputes hindering a Gaza ceasefire, alleviating concerns over potential supply disruptions in the Middle East. WTI eased 2.2%, closed at 73.80 yesterday.  U.S. Secretary of State Antony Blinken announced that Israeli Prime Minister Benjamin Netanyahu had accepted a “bridging proposal” from […]

The UK economy received another boost as retail sales rebounded in July, rising by 0.5% month-over-month, after a revised 0.9% decline in June. This positive retails sales data has contributed to a rise in the pound’s value. GBP/USD rose 0.72% last Friday, closed at 1.2940.  (GBP/USD Daily Price Chart)  The recovery in retail sales can […]

Ultima Markets, an award-winning broker, has achieved yet another milestone by winning three prestigious awards at the World Business Outlook Awards 2024. The event saw Ultima Markets recognized for its excellence and innovation in the financial markets. Receiving the titles of “Best Forex Trading Platform Asia Pacific 2024”, “Best CFD Broker Asia 2024”, and “Fastest […]

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 […]

The S&P Global UK Composite PMI for July 2024 was adjusted upwards to 52.8 from the initial 52.7 estimate, indicating faster economic expansion compared to June’s 52.3. UK private sector growth was fueled by increased demand, particularly in exports, reaching levels unseen since April 2023. Employment growth hit a 13-month high, while backlogs of work […]