Tag Archives: Federal Reserve
Gold price rose as rate cut looms
Gold received high demand in the market, buoyed by imminent rate cut from central banks around the world. The yellow bullion notched in positive gains this week as Federal Reserve, Bank of Canada and European Central Bank is expected to loosen their monetary policy in the coming months. According to analysts, gold price is expected […]
Focus on USDCAD today – 5th June 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 5th June 2024. Key Takeaways Technical Analysis Daily Chart Insights H4 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 […]
Expectation for rate cut prompts high demand for US equities
US equities ended higher on Tuesday following the release of employment data from United States which reaffirms expectations for interest rate cut later this year. According to JOLTs, US job openings fell to its lowest level in 3 years with 8.059 million vacancies for April. The report shows significant reduction in job vacancies which suggests […]
Focus on USDJPY today – 4th June 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for 4th June 2024. Key Takeaways Technical Analysis Daily Chart Insights H4 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 […]
US Manufacturing sector contracts, US dollar nosedived
US dollar fell to two-months low against other major currencies after recent data show signs of gradual economic slowdown. The data spurred expectations that Federal Reserve remains on track to start cutting its interest rates this year, raising the opportunity cost of holding US dollar. According to US Institute for Supply Management (ISM), Manufacturing PMI […]
Japanese yen weakens, beaten by poor Industrial output
USDJPY has recorded substantial losses on yesterday, mainly due to possible foreign exchange market intervention by the Bank of Japan. Authorities have been tight-lipped with regards to the approach, but monthly data shows substantial amount of currency reserves spent from April 26 to May 29. Nonetheless, the pair rose slightly but remained close to recent […]
Focus on EURUSD today – 31st May 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for 31st May 2024. Key Takeaways Technical Analysis Daily Chart Insights Hourly 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 […]
Concerns over rate cut fuelled US equity selloff.
US stock index took a hit, extending its losses on Wall Street over upcoming data which will provide more clues on interest rates and inflation. S&P500 fell 0.4% to 5,264 while Nasdaq plunged 0.5% to 18,713. During after trading hours, Nvidia came ahead after nosediving 1% to 1,137. （S&P500, 1-hourly chart, TradingView） Investors sold their […]
Apple stock price gains as China data delivers.
Latest data from China shows a rise in shipment of foreign-branded smartphones in China for April, stoking higher demand for Apple stock following its release. According to the China Academy of Information and Communications Technology, the shipment of foreign-branded smartphones rose by 52% in April to 3.495 million units, significantly higher than 2.301 million units […]
Gold bulls return, watchful over US PCE data.
Market demand for gold remains high as it recoups some last week’s losses ahead of US key inflation data. Among industrial metals, copper price receives the same fate, inching upwards following a slip from record high last week. Traders will be on the lookout for US PCE Price Index data, the Federal Reserve’s preferred inflation […]
