This website is managed by Ultima Markets’ international entities, and it’s important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:
You will not be guaranteed Negative Balance Protection
You will not be protected by FCA’s leverage restrictions
You will not have the right to settle disputes via the Financial Ombudsman Service (FOS)
You will not be protected by Financial Services Compensation Scheme (FSCS)
Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.
Note: UK clients are kindly invited to visit https://www.ultima-markets.co.uk/. Ultima Markets UK expects to begin onboarding UK clients in accordance with FCA regulatory requirements in 2026.
If you would like to proceed and visit this website, you acknowledge and confirm the following:
1.The website is owned by Ultima Markets’ international entities and not by Ultima Markets UK Ltd, which is regulated by the FCA.
2.Ultima Markets Limited, or any of the Ultima Markets international entities, are neither based in the UK nor licensed by the FCA.
3.You are accessing the website at your own initiative and have not been solicited by Ultima Markets Limited in any way.
4.Investing through this website does not grant you the protections provided by the FCA.
5.Should you choose to invest through this website or with any of the international Ultima Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.
Ultima Markets wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.
By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Ultima Markets entity.
Ultima Markets does not have an establishment in Singapore and does not operate from Singapore.
Ultima Markets does not provide products or services to citizens or residents of Singapore, and account applications from Singapore citizens or residents will not be accepted.
If you are a citizen or resident of Singapore, please do not open an account or use Ultima Markets’ products or services.
By selecting “Acknowledge and Continue Browsing”, you confirm that you are accessing this website on your own initiative and that your access is not the result of any direct marketing, targeted advertising, solicitation, or promotional activity by Ultima Markets.
Nothing on this website constitutes an offer, solicitation, or promotion of products or services in any jurisdiction where such activity is prohibited. You are responsible for ensuring that your access to and use of this website complies with applicable local laws and regulations.
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for OCT 3, 2024.
Key Takeaways
U.S. Employment Market: ADP employment in September recorded 143,000 people, rebounding after five consecutive months of slowing growth, exceeding the expected 120,000 people, and the previous value was revised from 99,000 to 103,000. The positive news of “small non-farm” pushed the US dollar index up for the third consecutive trading day
U.S. PMI: Today, the United States will release the ISM non-manufacturing PMI data for September. According to historical experience, there are large variables in the ISM data at the end of the third quarter of each year. If the data further demonstrates the resilience of the U.S. economy, the interest rate cut will be further reduced this year.
Technical Analysis
Daily Chart Insights
(EURUSD Daily Price Chart, Source: Ultima Markets MT4)
(EURUSD Daily Price Chart, Source: Ultima Markets MT4)
Stochastic oscillator: The indicator has been falling all the way after the short signal appeared on October 1. The fast line has now fallen to the oversold zone, which suggests that the current short-selling force has the upper hand. When the slow line falls to the oversold area, be alert that the downward trend may slow down.
Support price: EUR/USD fell back to the red 33-day MA yesterday and continued to fall. The short-selling force clearly has the upper hand during the day. The target below focuses on the proportional Fibonacci extension level, which is also near the 1.100 integer mark. The exchange rate may rebound at that time.
1-hour Chart Analysis
(EURUSD H1 Price Chart, Source: Ultima Markets MT4)
(EURUSD H1 Price Chart, Source: Ultima Markets MT4)
Stochastic oscillator: After the bottom divergence pattern, the indicator is currently hovering above the oversold area. If the indicator cannot rebound above the 50 median line, there is still a probability that the exchange rate will fall below yesterday’s low during the Asian session.
Flag range: Yesterday, the euro fell below the flag range against the US dollar. Theoretically, the first target is 25 points of the flag range. The first target was completed in the US market yesterday. If the exchange rate continues to fall, it will reach the second target around 1.1008.
Pivot Indicator
(EURUSD M30 Price Chart, Source: Ultima Markets APP)
(EURUSD M30 Price Chart, Source: Ultima Markets APP)
According to the trading central in Ultima Markets APP, the central price of the day is established at 1.1075,
Bullish Scenario: Bullish sentiment prevails above 1.1075, first target 1.1095, second target 1.1115;
Bearish Outlook: In a bearish scenario below 1.1075, first target 1.1025, second target 1.1005.
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.
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.
Thank you for visiting the Ultima Markets website. Please note that this website is intended for individuals residing in jurisdictions where access is permitted by law. Ultima and its affiliated entities do not operate in your home jurisdiction.
By clicking ‘Acknowledge’, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website based on reverse solicitation principles, in accordance with the applicable laws of your home jurisdiction.
