Ultima Markets

Data released last Friday showed that Canada added 47,000 jobs in September, surpassing expectations of 27,000 jobs. However, a Bank of Canada survey indicated that businesses still face weak demand, leaving the market’s implied odds of an unusually large half-percentage-point rate cut at the bank’s upcoming policy decision on Oct. 23 largely unchanged at around […]

Ultima Markets, after its debut with La Liga, entered another exciting football event during the Villarreal vs. Barcelona clash on September 22, 2024. Despite Villarreal’s determined effort, the match ended in a 5-1 defeat to Barcelona. This result for Villarreal provided valuable insights for traders, emphasizing the importance of resilience and risk management in times […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for OCT 11th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (GBPUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (GBPUSD H1Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (GBPUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  To […]

The U.S. dollar weakened on Thursday as investors assessed data indicating both labor market softness and a slight rise in consumer prices, which suggests that the Federal Reserve may continue cutting interest rates.  According to data from the Labor Department, the consumer price index (CPI) increased by 0.2% in September. However, on a year-over-year basis […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the China A50 for OCT 10th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (China A50 Daily Price Chart, Source: Trading View)  H1 Chart Insights  (China A50 Daily H1 Chart, Source: Trading View)  Pivot Indicator  (China A50 M30 Price Chart, Source: Trading View)  Conclusion  […]

On Wednesday, New Zealand’s central bank cut interest rates by 50 basis points and maintained that policy remains restrictive, despite inflation returning to target levels. This decision prompted markets to anticipate further aggressive easing, leading to a sharp decline in the New Zealand dollar. The reduction of the cash rate to 4.75% was in line […]

As we step into the final quarter of 2024, the financial landscape presents a mixed bag of opportunities and challenges across various markets, including XAUUSD, Crude Oil, EURJPY, S&P500, and more. Each segment is influenced by a confluence of economic policies, geopolitical factors, and market dynamics. In response to these challenges, Ultima Markets has released […]

On Tuesday, gold prices dropped by over 1%, though they later recovered slightly, closing at 2621 with a 0.83% decline. This represented the steepest percentage drop in six weeks, as recent U.S. employment data tempered expectations for a larger rate cut, while markets awaited the release of the U.S. Federal Reserve’s policy meeting minutes for […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDNZD for OCT 9th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (NZDUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (NZDUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (NZDUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  To navigate the […]

The Hang Seng Index (HSI) surged to a 32-month high this week, marking a significant milestone in the Hong Kong stock market, driven by improving investor sentiment and favourable market conditions. The benchmark index, which tracks the performance of the largest companies listed on the Hong Kong Stock Exchange, rose over 32% for the past […]