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Global Upstream Exchange Technical Disruption – Impact on Selected Products
Dear Valued Client,
Due to abnormal liquidity conditions in gold caused by this disruption, we have temporarily suspended trading for all gold instruments with immediate effect.
We are writing to keep you fully informed that a technical disruption currently affecting upstream global exchange, which has resulted in interruptions to pricing and trading for several international derivatives markets.
Please be advised that this is an industry-wide incident originating from an external provider and is unrelated to our platform or price movements.During this time, clients may experience price delays, order rejections, or temporary constraints on order execution.
We understand that seamless execution is vital to your trading. We have activated our emergency monitoring protocols and are tracking the recovery progress in real-time. We will send a follow-up notification immediately once services are fully operational.
We sincerely apologize for the inconvenience caused by this external event, and our support team remains on standby to assist you should you require any assistance.
Thank you for your understanding.
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In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for 26th September 2023
The Federal Reserve’s stance has emerged as the linchpin shaping the USDX’s performance.
While September saw a halt in interest rate hikes, the dot plot projections signal a potential resurgence in rate increases later in the year.
This is underpinned by a forthcoming, more hawkish monetary policy in the next year, with a notable reduction in the number of projected interest rate cuts.

( Daily chart of USDX, source: Ultima Markets MT4)
Turning our focus to the technical landscape, the USDX exhibits compelling upward momentum.
The daily chart reveals a breakthrough as the US Dollar Index’s price closes above its consolidation range’s upper boundary.
Moreover, the stochastic oscillator, a pivotal technical indicator, has signaled a bullish trajectory.

(1-hour chart of USDX, source: Ultima Markets MT4)
The one-hour chart presents a more granular picture, with the ATR combination indicator affirming the effectiveness of the recent breakthrough.
Although retracement is conceivable during the Asian trading session, a market rebound is anticipated. The initial target is fixed at the support price of 105.443.

(1-hour chart of USDX, source: Ultima Markets MT4)
Ultima Market’s MT4 pivot indicator designates the day’s central price at 105.527. For investors and traders, here are the essential projections:
Bullish Scenario:
Bearish Scenario:
These projections, though subject to market dynamics and emerging data, provide a compass for navigating the ever-evolving terrain of financial markets.
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