Tag Archives: PMI

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for July 23 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 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 […]

The S&P Global US Composite PMI jumped to 54.4 in May, a significant increase from 51.3 in April, achieving its highest point since April 2022 and surpassing the anticipated figure of 51.1 based on initial data.   The service sector played a pivotal role in this rise, recording a PMI of 54.8 and demonstrating the largest […]

In April 2024, the Judo Bank Australia Composite Output Index dropped marginally to 53 from 53.3 the previous month, as per the final figures. Despite a slight deceleration, the private sector in Australia continued to expand robustly. The increase in business activities was mainly confined to the services industry while manufacturing production kept falling. This […]

The Federal Reserve maintained the target range for the federal funds rate at 5.25%-5.50% during its May meeting for the sixth consecutive time. The decision was driven by ongoing inflationary pressures and a tight labor market, indicating a lack of progress in bringing inflation back down to the 2% target this year.   However, Chair Powell […]

The manufacturing sector in the United States experienced a positive turnaround in March, as indicated by the ISM Manufacturing Purchasing Managers’ Index (PMI). The index rose to 50.3, up from 47.8 in February, surpassing market expectations of 48.4. It marked the first expansion in the manufacturing sector after 16 consecutive months of contraction. (A PMI […]

UK Stocks Rebound as NEXT Plc Achieves All-Time High On January 4th, the FTSE 100 made a strong comeback, rebounding by 0.5% to surpass 7720 after facing two consecutive sessions of losses. (FTSE100，1-Year Chart)  Notably, energy shares, including BP, increased by 0.5% after terminating their agreement with Equinor for supplying power to New York state […]

Gloomy Economic Data The recent decline in US stocks on January 3rd, driven by uncertainties surrounding potential interest rate cuts, has left investors seeking clarity. The minutes from the latest Federal Open Market Committee (FOMC) meeting failed to provide a clear timeline for rate adjustments, contributing to a 0.8% drop in the S&P 500 and […]

Germany Composite PMI: A Positive Turn Amidst Contraction The HCOB Germany Composite PMI for November 2023 surpassed initial estimates, reaching 47.8, up from the preliminary 47.1 and the October reading of 45.9. While the index indicates an ongoing contraction, it’s noteworthy that the pace of decline was the slowest in four months. Notably, signs of […]

ISM Manufacturing PMI Falls Short of Expectations In November 2023, the Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) maintained its position at 46.7, mirroring the October reading and falling short of economists’ expectations set at 47.6. This steady figure underscores the persistent challenges faced by the manufacturing sector, signaling ongoing contractionary pressures. […]

Comprehensive GBP/USD Analysis for December 1, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBP/USD for 1st December 2023.  GBP/USD Key Takeaways GBP/USD Technical Analysis  GBP/USD Daily Chart Insights GBP/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion