Tag Archives: PMI

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for OCT 3, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (EURUSD Daily Price Chart, Source: Ultima Markets MT4)  1-hour Chart Analysis  (EURUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (EURUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for OCT 1ST 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (USDJPY Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (USDJPY H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (USDJPY M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

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 AUDUSD for AUG 23 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (AUD/USD Daily Price Chart, Sources from Ultimate Markets MT4)  H1 Chart Insights  (AUD/USD Hourly Price Chart, Sources from Ultima Markets MT4)  Pivot Indicator  (AUD/USD 30 Minutes Price Chart, Sources from […]

Sterling experienced a broad surge on Thursday, fuelled by better-than-expected PMI data, suggesting the UK economy is on course for solid growth in the third quarter. The flash composite output index climbed to a four-month high of 53.4 in August from 52.8 in July, surpassing the forecasted figure of 52.9. The services business activity index […]

The S&P Global UK Composite PMI for July 2024 was adjusted upwards to 52.8 from the initial 52.7 estimate, indicating faster economic expansion compared to June’s 52.3. UK private sector growth was fueled by increased demand, particularly in exports, reaching levels unseen since April 2023. Employment growth hit a 13-month high, while backlogs of work […]

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 […]