Ultima Markets

Comprehensive EUR/USD Analysis for October 10, 2023 At Ultima Markets, we are dedicated to providing you with insightful market analysis to help you make informed trading decisions. In today’s edition, we focus on the EUR/USD currency pair, delving into both fundamental and technical factors that may impact its performance in October 2023. Key Takeaways Fundamentals […]

BYD Overtakes Ford in August Car Sales: What Does It Mean for the Auto Industry? According to TrendForce report, car sales in 37 markets around the world totaled 5.55 million units in August 2023, an increase of nearly 1% from July. The growth momentum came from the launch of new models for the autumn.  (August […]

Comprehensive USDX Analysis for October 6, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for 6th October 2023.  The Core: Fundamental Factors The Turning Point: Interest Rates The above factors collectively raise questions about the possibility of interest rate adjustments in the near future. The final decision hinges […]

Disappointing ADP Job Report’s Impact on USD | October 2023 Analysis According to ADP® National Employment’s September 2023 Report, Private businesses in the US hired 89K workers in September 2023, the least since January 2021 when private employers shed jobs, and well below market forecasts of 153K. It follows a revised 180K increase in August, compared […]

Comprehensive USD/CAD Analysis For October 5, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD/CAD for 5th October 2023.  Key Takeaways USD/CAD Technical Analysis USD/CAD Weekly Chart The weekly chart of USD/CAD in October 2023 revealed a pivotal development. The closing line for the week was on the verge […]

Global Mobile Phone Production Decline in 2H23: Insights and Analysis According to a TrendForce survey, after global smartphone production fell by nearly 20% year-on-year in the first quarter, production continued to decline by approximately 6.6% in the second quarter, to only 270 million units. A total of 520 million smartphones were produced in the first […]

Comprehensive GBP/NZD Analysis for October 4, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of GBP/NZD for 4th October 2023.  Key Insight: RBNZ Interest Rate Decision and Economic Outlook Technical Analysis: A Closer Look on GBP/NZD Trading Charts GBP/NZD Daily Chart Insights Reversal Structure: The daily chart illustrates a clear reversal […]

US Manufacturing PMI Shows Improvement, but Stagnant Inflation Remains a Concern The ISM manufacturing purchasing managers’ index rose to 49 in September from 47.6 last month, well above market expectations of 47.8, reflecting the slowest contraction in the U.S. manufacturing industry in ten months. Even as the economic slowdown improved, data still showed U.S. factory […]

Comprehensive Brent Oil Analysis for October 3, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 3rd October 2023.  Key Takeaways Key Point: The lifting of the U.S. government shutdown crisis, coupled with robust PMI data, has driven the U.S. dollar index to 107, a level […]

The Rise of NVIDIA: A Dominant Force in IC Design In the fast-paced world of integrated circuit (IC) design, the tides are constantly shifting, and the recent performance of the industry’s top players has been nothing short of remarkable. According to TrendForce reports, fueled by an AI-driven inventory stocking frenzy across the supply chain, 2Q23 […]