Dear Valued Client:

To ensure a more stable trading environment during major news events, Ultima Markets will implement the following temporary leverage adjustments during specific news releases, effective from June 23, 2025:

USD-Related News:

– Leverage for Forex, Gold & Silver, and Indices will be adjusted to 200:1.

– Oil leverage will remain unchanged.

Crude Oil-Related News:

– Leverage for Oil will be adjusted to 200:1.

News Related to Other Countries:

– Leverage for Forex pairs will be adjusted to 200:1.

Please be reminded that:

– Gold and indices will only be affected by USD-related news

– Market volatility risks still exist. We strongly advise maintaining prudent risk management, including appropriate position sizing.

We are committed to providing a secure and efficient trading experience.

Should you have any questions or require further assistance, please do not hesitate to contact our support team.

Thank you for your trust and support in Ultima Markets.

Best regards,

Ultima Markets

Dear Valued Client:

To ensure a more stable trading environment during major news events, Ultima Markets will implement the following temporary leverage adjustments during specific news releases, effective from June 23, 2025:

USD-Related News:

– Leverage for Forex, Gold & Silver, and Indices will be adjusted to 200:1.

– Oil leverage will remain unchanged.

Crude Oil-Related News:

– Leverage for Oil will be adjusted to 200:1.

News Related to Other Countries:

– Leverage for Forex pairs will be adjusted to 200:1.

Please be reminded that:

– Gold and indices will only be affected by USD-related news

– Market volatility risks still exist. We strongly advise maintaining prudent risk management, including appropriate position sizing.

We are committed to providing a secure and efficient trading experience.

Should you have any questions or require further assistance, please do not hesitate to contact our support team.

Thank you for your trust and support in Ultima Markets.

Best regards,

Ultima Markets

Dear Client, As part of our ongoing commitment to enhancing your trading experience and ensuring a seamless environment for all our clients, we would like to inform you about an upcoming adjustment related to your USC (Cent Account) on the MT4 platform, effective May 17, 2025. Adjustment Details: 1. USC (Cent) Account History Order Archiving: Closed position records older than 14 days will be archived. Open positions, balance, and credit records will not be affected and will remain fully visible. 2. Platform: This adjustment will take effect directly on the MT4 platform. Friendly Reminders: 1. Irreversible Archiving: Once history position records are archived, they cannot be restored. 2. Orders meeting the auto-archiving conditions will be archived automatically without prior notice. 3. Export Your Records: We strongly encourage you to export your account statement from MT4 in advance to retain any records for your reference. Please click Here for step-by-step guidance on how to export your account statement. 4. This update applies only to historical orders — all active accounts and trading operations will continue as usual. This adjustment is part of our ongoing efforts to maintain a high standard of service and provide a smooth, efficient trading experience for all our clients. Thank you for your understanding and support. Wishing you all the best. Sincerely, Ultima Markets

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for 15th November 2023. 

Key Takeaways 

• CPI hits the dollar: U.S. October CPI and core CPI data were both lower than expected, and interest rate futures price the Fed’s current interest rate hike cycle to a complete end 
• The Fed’s interest rate cut cycle is coming: The overall interest rate hike cycle is expected to end, leading the market to begin to expect a cumulative 100 basis points interest rate cut by the end of next year, with the first round of interest rate cuts as early as May. These have put extreme pressure on the dollar to sell off. 

Technical Analysis 

Daily Chart Insights 

• Stochastic Oscillator: The indicator sent a bull signal above the 50 midline yesterday, suggesting that the exchange rate will start a strong upward trend.  
• 65-day moving average: The exchange rate strongly exceeded the 65-day moving average yesterday, and the resistance line converted into a support line. The probability of the Australian dollar continuing to depreciate is low. 

1-hour Chart Analysis 

• Stochastic oscillator: The indicator enters the overbought area to form a short signal, suggesting that the subsequent market will enter a correction. Traders should not rush to enter the market chasing high prices, as the profit-loss ratio is inappropriate. 
• Fibonacci retracement levels: In a rapidly rising market, the correction usually looks towards the 23.6% and 38.2% Fibonacci retracement levels. 

Pivot Indicator 

• According to the pivot indicator in Ultima Markets MT4, the central price of the day is established at 0.64713, 
• Bullish Scenario: Bullish sentiment prevails above 0.64713, first target 0.65821, second target 0.66232; 
• Bearish Outlook: In a bearish scenario below0.64713, first target 0.64302, second target 0.63202. 

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 with valuable insights to empower your financial journey. 

For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets. 

Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets. 

Stay tuned for more updates and analyses from our team of experts at Ultima Markets. 

—– 

Legal Documents 

Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius. 

Copyright © 2023 Ultima Markets Ltd. All rights reserved. 

Disclaimer   

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.  

China Expected to Lift Procurement Ban during APEC 

On Nov. 13th, the Dubai Airshow commenced, and Boeing (BA.US), the jet manufacturer of Dow Jones, has already successfully secured a series of significant orders. Emirates has agreed to acquire 90 Boeing 777 aircraft, which are valued at an impressive $52 billion. Additionally, Emirates’ sister airline, Flydubai, will be incorporating 30 Boeing 787 Dreamliners into its fleet through an $11 billion agreement. This significant deal arrives at a time when Emirates is looking to enhance its aircraft portfolio. 
 
Separately, SunExpress, a joint venture between Turkish Airlines and Lufthansa, also announced a major order for Boeing 737 aircraft. The deal includes an order for 28 737-8 models and 17 737-10 models, with the option to purchase up to 45 additional 737 MAX planes. SunExpress has previously placed an order for 42 737-8 aircraft, of which nine have already been delivered. Furthermore, Ethiopian Airlines finally announced that it has decided to resume flying the 737 MAX after the 2019 crash incident. Ethiopian Airlines revealed on Tuesday that it has agreed to a deal with Boeing for the purchase of 20 737 MAX planes and 11 more 787 Dreamliners. Boeing stated that the sale was the largest-ever purchase of its airplanes in African history, however, declined to disclose the value of the deal.  

According to reports, China is considering lifting a sales freeze on Boeing 737 Max jets, potentially paving the way for the planemaker to resume sales in the country. The news comes as President Biden and President Xi are set to meet at the APEC conference in San Francisco, raising the possibility that the sales freeze could be lifted in conjunction with the meeting. While China is reportedly considering a commitment to purchase 737 jets, discussions are still underway and President Xi is not expected to announce a formal order. If this move comes to fruition, it would be a major development for Boeing, which hasn’t made significant sales in China since 2018 following the grounding of the 737 Max after two crashes. After receiving a string of positive updates, Boeing experienced two consecutive days of trading gains. 

(Boeing Stock Performance Six-month Chart) 

Disclaimer  

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided. 

Comprehensive USD/JPY for November 14, 2023

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD/JPY for 14th November 2023. 

Key Takeaways 

• The widening interest rate gap is the fundamental factor: On October 31, the Bank of Japan further relaxed its control on government bond yields, while the Federal Reserve still has the possibility of raising interest rates. The policy interest rate gap between the two continues to widen, causing the Japanese yen to fall into a continued depreciation trend. 
• Carry trade is a booster: The interest rate differential between the two countries and the recent continued low volatility of the yen also encourage carry trade. It is a strategy of selling low-interest Japanese yen funds in exchange for high-yielding currencies. This is a contributing factor that keeps the yen under pressure. 
• The Japanese yen unexpectedly surged: The Japanese yen unexpectedly surged during the U.S. trading session yesterday, which once made the market think that the Bank of Japan had intervened. However, according to the current news, it may be an appreciation fluctuation caused by the adjustment of Japanese yen options positions. Previously, when asked whether he was prepared to intervene in the foreign exchange market or take other measures to curb the yen’s decline, Japan’s top monetary official Masato Kanda said that the authorities “are on standby.” 
• Frightened Japanese Yen: If the U.S. economic data released this week is good, the Fed’s suspense about raising interest rates will remain. This could push USD/JPY towards the 152 range. However, the continued depreciation of the yen will make the market continue to be wary of the intervention of the Bank of Japan. Once there are signs of appreciation of the yen, the withdrawal of profit-making positions and traders preparing to go long yen on the sidelines will cause the dollar to experience a rapid downward trend against the yen. 

USD/JPY Technical Analysis

USD/JPY Weekly Chart Insights

• Stochastic Oscillator: The indicator has already showed a short signal in early October, but the current market price and the indicator continue to deviate. This implies that the current upward trend is very fragile. Even if it breaks through the high point of October last year again, it cannot be judged as bullish.
• 5-week moving average: Since August this year, the overall upward trend of the US dollar against the yen has always been supported by the 5-week moving average. If the 5-week moving average cannot support the overall upward trend, the market’s downward trend could be established.

USD/JPY 1-hour Chart Analysis

• ATR combination indicator: The volatility suddenly rose yesterday, but it still did not break through the average volatility of the past 200 hours. This implies that yesterday’s rapid decline was not an effective breakthrough, and there is still a possibility that the market will continue to rise.
• Neckline: The rapid decline in the market fell below the neckline support level, and then the market price slowly rose. It is now back to test the neckline price. If it continues to rise, the top structure will be effective, and the market will continue to hit highs.

Ultima Markets MT4 Pivot Indicator

• According to the pivot indicator in Ultima Markets MT4, the central price of the day is established at 151.607,
• Bullish Scenario: Bullish sentiment prevails above 151.607, first target 152.017, second target 152.321;
• Bearish Outlook: In a bearish scenario below 151.607, first target 151.307, second target 150.900.

Conclusion

TSM Achieved a Record-high Revenue Last Month

On November 10, Taiwan Semiconductor Manufacturing Company (TSM.US) announced that its October revenue was a record-breaking US$7.53 billion (NT$243.2 billion), representing a notable 34.8% increase from September and a 15.7% raise from the same period last year.

(TSMC Consolidated October Revenue) 

Unveiling the TSM’s Revenue Numbers

TSMC’s cumulative revenue for the first 10 months of 2023 stood at an impressive US$55.6 billion, showcasing a modest 3.7% decline from the corresponding period in 2022.

The company’s resilience in navigating the challenges posed by weaker global demand in certain sectors, particularly consumer electronics, is evident in these numbers.

The surge in demand for TSMC’s cutting-edge 3nm technology played a pivotal role in its ADR surging more than 6% following the earnings release.

TSM’s Leadership Insight

C. C. Wei, TSMC’s CEO, expressed unwavering optimism regarding the chip market during a recent statement. He anticipates that the company will soon overcome the challenges of a prolonged sluggishness, primarily attributed to the lingering effects of the COVID-19 pandemic.

The surge in the AI industry, driven by an increased need for chips used in training large language models, has significantly contributed to TSMC’s positive outlook.

TSM’s Technological Prowess

TSMC’s third-quarter revenue surge was underpinned by its advanced technology, with the 3nm, 5nm, and 7nm processes collectively accounting for an impressive 59% of the company’s total revenue.

Looking ahead, TSMC is set to push the boundaries further by mass-producing an even more advanced 2nm process in 2025. This ambitious move is poised to solidify TSMC’s position as a trailblazer in high-end technology development.

TSM’s Future Projections

As we look toward the future, TSMC’s fourth-quarter revenue for 2023 is anticipated to range between US$18.8 billion and US$19.6 billion, with an estimated midpoint of US$19.2 billion (approximately NT$614.4 billion at the current exchange rate of NT$32 per US$1).

This represents an impressive approximately 11.1% increase on a quarterly basis. Despite the expectation of a slight dip in revenue in November and December compared to the stellar October figures, TSMC remains confident in achieving its financial forecast target.

The company estimates that the revenue in the remaining two months will average around US$5.84 billion.

Bottom Line

In conclusion, TSMC’s stellar performance in October is a testament to its resilience, technological prowess, and strategic vision.

The company’s commitment to advancing semiconductor technology, coupled with its optimistic outlook despite global challenges, positions TSMC as a formidable leader in the high-end technology landscape.

As TSMC continues to push the boundaries of innovation, the industry watches eagerly to witness the unfolding chapters of its success story.

Industrial Growth in India Decelerated to 5.8% in September, Marking a Three-Month Low Compared to 10.3% in August

In the realm of economic fluctuations, India stands as a significant player, showcasing its industrial prowess amidst a landscape shaped by various factors.

Recent statistical revelations have illuminated the nuances of the country’s industrial growth, marking a shift in trajectory.

Deceleration in Growth: Unraveling the Numbers

The Ministry of Statistics & Programme Implementation (MOSPI) recently disclosed a notable deceleration in India’s industrial growth, registering a 5.8% year-on-year expansion in September.

This marked a notable decline from the robust 10.3% witnessed in the preceding month of August, signifying a trend change.

This deceleration primarily found its roots in the manufacturing sector, a pivotal pillar in India’s industrial landscape.

(India Industrial Production, MOSPI) 

Manufacturing Sector: A Key Player

The heartbeat of India’s industrial landscape, the manufacturing sector, underwent a 4.5% increase in output in September 2023, showcasing a notable surge from the 2.0% growth reported in the same period last year.

However, August’s buoyant growth, boasting a 9.3% increase, contrasted starkly against September’s tempered surge, outlining a clear trajectory shift.

Dissecting Sectoral Performance

Delving deeper into the fabric of industrial domains, the mining and electricity sectors portrayed a story of their own. The mining sector witnessed a 11.5% year-on-year growth in September, a tad lower than the 12.3% observed in August.

Similarly, the growth in electricity output decelerated to 9.9% in September, down from the substantial 15.3% recorded in the preceding month.

Causal Threads: Festivals and Weather Conditions

The festive calendar, a celebrated facet of Indian culture, intertwined with adverse weather conditions, emerged as pivotal factors contributing to the substantial easing observed across sectors.

These elements, intrinsic to the social and climatic fabric of the nation, influenced the industrial output significantly.

Currency Dynamics: The Tale of the Indian Rupee

Simultaneously, the Indian rupee experienced a fluctuating trajectory, edging closer to a record low against the USD.

Sustained capital outflows from the Indian economy contributed to this, prompting the Indian rupee to depreciate beyond 83 per USD in November.

The Reserve Bank of India’s proactive stance, selling foreign exchange reserves to prevent further devaluation, played a pivotal role in maintaining a delicate balance.

(USD/INR 1-year Chart) 

The Reserve Bank’s Role: A Balancing Act

The RBI’s consistent sale of foreign exchange reserves, totaling over $23 billion in the past four months, illustrates the active role played in stabilizing the Indian rupee’s value.

This strategic move has curbed excessive bearish positions on the currency, sustaining a delicate equilibrium amidst global economic ripples.

Navigating the Industrial Seas Ahead

As India charts its economic trajectory, acknowledging the impact of festivals, climatic variables, and global economic dynamics remains imperative. The interplay of these elements, intertwined with the resilience and adaptability of its industrial landscape, will shape the nation’s growth story.

In conclusion, India’s industrial growth paints a narrative of resilience amidst evolving circumstances, embodying a blend of challenges and strategic maneuvering to maintain equilibrium and foster sustainable growth.