Tag Archives: Rate Cut
Focus on USDJPY today – 1st OCT 2024
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 […]
Canadian Dollar Slips Following Powell’s Speech
The Canadian dollar slipped against its U.S. counterpart on Monday as Federal Reserve Chair Jerome Powell tempered expectations for another substantial interest rate cut. However, the Loonie managed to retain much of its quarterly gains. USDCAD was down 0.1% at 1.3530 on Monday, with the currency losing 0.3% for the month but posting a 1.1% […]
Swiss National Bank Cut 25 Basis Point as Expectation
On Thursday, the Swiss National Bank reduced interest rates by 25 basis points to 1.00%, marking the lowest level since early 2023. The cut was the bank’s third such reduction this year as the central bank dialled back measures designed to combat inflation. This echoed step taken to lower borrowing costs by the European Central […]
Focus on USDX today – 26th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for SEP 26, 2024. Key Takeaways Technical Analysis Daily Chart Insights (US Dollar Index Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (US Dollar Index H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (US Dollar Index M30 Price […]
U.S. Dollar Finally Recovers Some Ground
On Wednesday, the U.S. dollar rebounded from a 14-month low against the euro in volatile trading. However, investors maintained expectations that the Federal Reserve will implement another significant interest rate cut at its November meeting, driven by weakening labor market sentiment. EURUSD declined by 0.42%, closing at 1.1133, while GBPUSD dropped 0.67%, ending at 1.3323. […]
Focus on USDJPY today – 19th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for SEP 19, 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 […]
The Fed Finally Opens the Door for Rate Cut
On Wednesday, the Federal Reserve reduced interest rates by 50 basis points to 5%, leading to notable volatility in the U.S. dollar. Initially, the dollar traded lower following the announcement but recovered some of those losses after Chair Jerome Powell’s press conference. Ultimately, the dollar slipped 0.08% after turbulent trading, closing at 100.93. (U.S Federal […]
Focus on XAGUSD today – 18th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAGUSD for SEP 18, 2024. Key Takeaways Technical Analysis Daily Chart Insights (XAGUSD Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (XAGUSD H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (XAGUSD M30 Price Chart, Source: Ultima Markets APP) Conclusion […]
Canadian Dollar Slips on Weaker CPI Data
On Tuesday, the Canadian dollar edged lower against its U.S. counterpart as U.S inflation data led some investors to speculate that the Bank of Canada might align with a potential substantial interest rate cut by the Federal Reserve. Canada’s annual inflation rate slowed to 2% in August, down from 2.5% in July, aligning with the […]
Focus on S&P 500 today – 12th SEP 2024
Focus on S&P 500 today – 12th SEP 2024 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the S&P 500 for SEP 12, 2024. Key Takeaways Technical Analysis Daily Chart Insights (S&P500 Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (S&P500 H1 Price Chart, Source: Ultima Markets MT4) Pivot […]
