The FTSE 100 closed 0.28% higher on Wednesday, driven by gains across multiple sectors. Oil majors, miners, utilities, and defensive stocks such as pharmaceutical companies and tobacco firms all contributed to the index’s positive performance.  Burberry emerged as the standout performer, leading the index with a rise of over 4%. This surge was attributed to […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for July 17, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  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 […]

Major US stock indices climbed on Tuesday, with the Dow Jones leading gains. The Dow surged 742.76 points (1.85%), marking its second consecutive record close and the strongest performance since June 2023. The S&P 500 rose 0.64%, while the Nasdaq edged up 0.21%. Market sentiment was primarily driven by expectations of Federal Reserve rate cuts. […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for July 16, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  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 […]

In Q2 2024, China’s GDP grew by 4.7% year-on-year, falling short of the 5.1% market forecast and decelerating from Q1’s 5.3% growth. This marks the slowest annual increase since Q1 2023, attributed to several factors: a persistent property market downturn, weak domestic demand, declining yuan value, and trade tensions with Western countries.  Despite these challenges, […]

Bitcoin surged above the $60,000 threshold, reaching a nearly two-week high, influenced by several factors including political events and regulatory concerns. A failed assassination attempt on former President Donald Trump increased his odds of retaking the White House in November, according to market predictions. Trump, who has emerged as the pro-crypto candidate leading up to […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for July 12 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 US annual inflation rate dropped to 3% in June 2024, its lowest level since June 2023 and below the forecasted 3.1%. This marks the third consecutive month of decline, down from 3.3% in May. The Consumer Price Index (CPI) unexpectedly fell 0.1% month-over-month, the first decline since May 2020, contrary to expectations of a […]

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 […]

During its July 2024 policy meeting, the Reserve Bank of New Zealand maintained its official cash rate (OCR) at 5.5%, marking the eighth consecutive rate pause and aligning with market expectations. The Committee noted that the restrictive monetary policy has been effective in reducing capacity pressures and consumer price inflation.  Headline inflation dropped to 4% […]