Tag Archives: ECB

On Monday, the Euro took a sharp hit following disappointing business activity data from the eurozone. France’s flash services PMI came in at 48.3, significantly below the expected 53.0, while Germany’s flash services PMI was reported at 50.6, falling short of the forecast of 51.1.  (French Flash Services PMI, Source: Forex Factory)  (German Flash Services […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for SEP 13, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (EUR/USD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (EUR/USD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (EUR/USD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Thursday, the European Central Bank reduced its rates from 3.75% to 3.50%, citing easing inflation and economic conditions as reasons for slightly easing its policy stance. This marks the second rate cut in three months, signalling a gradual normalization after last year’s aggressive rate hikes in response to the highest inflation levels in decades.  […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for July 19, 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 […]

The European Central Bank (ECB) maintained its benchmark interest rates in the July meeting, as anticipated. The decision came after last month’s significant rate cut, reflecting policymakers’ uncertainty about the pace of inflation moderation in the Eurozone. Following the announcement, the euro remained steady at nearly $1.093 on Thursday, close to the four-month high reached […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for 30th April 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 […]

The euro strengthened above $1.07 as investors awaited the overall Eurozone inflation figures for Tuesday. These figures could provide further clues about the European Central Bank’s policy direction. In Germany, the largest European economy, the national consumer price index (CPI) remained unchanged at 2.2% in April, slightly below the forecast of 2.3%. However, the EU-harmonized […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for 25th April 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 […]

The European Central Bank (ECB) remained resolute in its battle against inflation, maintaining interest rates at elevated levels during the April meeting. The main refinancing operations rate stood firm at 4.5%, a 22-year high, while the deposit facility rate held steady at an unprecedented 4%. Although acknowledging the continued decline in inflation, with underlying measures […]

The DAX 40 in Frankfurt overturned initial downtrends, escalating by 0.14% to hit a record peak of 17,868 points. The European Central Bank’s choice to keep interest rates at unprecedented highs and significant decline in impending inflation predictions stimulated possibilities of a near-term rate reduction, potentially by June.   On the flip side, Hugo Boss individual […]