Tag Archives: FED
Focus on EURUSD today – 3rd Sept, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for Sept 3, 2024. Key Takeaways Technical Analysis Daily Chart Insights (EUR/USD Daily Price Chart, Source: Ultima Markets MT4) 1-hour Chart Analysis (EUR/USD H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (EUR/USD M30 Price Chart, Source: Ultima Markets APP) Conclusion […]
Gold Prices Remain Uncertain as Investors Await Fed Data
On Monday, gold prices slipped by 0.16%, closing at $2,499 per ounce. This followed a 0.7% decline last Friday after U.S. inflation data indicated that the Federal Reserve might opt for a smaller-than-expected interest rate cut this month. (Gold Daily Price Chart, Source: Trading View) Friday’s data revealed that U.S. consumer spending saw a solid […]
Focus on COPPER today – 30th AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for AUG 30 2024. Key Takeaways Technical Analysis Daily Chart Insights (Copper Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (Copper H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (Copper 30 Minutes Price Chart, Source: Ultima Markets APP) […]
Focus on GOLD today – 28th Aug, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for Aug 28, 2024. Key Takeaways Technical Analysis Daily Chart Insights (XAUUSD Daily Price Chart, Sources from Ultima Markets MT4) 1-hour Chart Analysis (XAUUSD H1 Price Chart, Sources from Ultima Markets MT4) Pivot Indicator (XAUUSD 30 Minutes Price chart, Sources from […]
Focus on AUDUSD today – 27th AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for AUG 27 2024. Key Takeaways Technical Analysis Daily Chart Insights (AUD/USD Daily Price Chart, Sources from Ultima Markets MT4) H1 Chart Insights (AUD/USD H1 Price Chart, Sources from Ultima Markets MT4) Pivot Indicator (AUD/USD 30Minutes Price Chart, Sources from Ultima […]
Powell Signals a Shift: Time for Change in Monetary Policy
U.S stocks surged following Powell’s remarks, with the S&P 500 index climbing nearly 1% and closing at 5634. In his anticipated speech at the Kansas City Fed’s annual conference in Jackson Hole, Powell stated that “the time has come for policy to adjust.” (S&P 500 Index Daily Price Chart) He indicated readiness to lower interest […]
US Dollar Slips After Lower Job Revision, Strengthen Fed Dovish Tone
On Wednesday, the US dollar index declined by 0.24%, closing at 101.14, marking its lowest level this year. This drop was largely attributed to revised data revealing that employers added 818,000 fewer jobs in the year through March than previously estimated. (2024 Preliminary Benchmark Payroll Revision) The Fed now faces fewer obstacles to cutting rates […]
U.S. Dollar Strengthens Amid Better-Than-Expected Economic Data
Unemployment claims fell to a one-month low, signalling a gradual and orderly slowdown in the labour market. Companies are scaling back hiring, struggling to keep up with the influx of labour driven by increased immigration. Conversely, retail sales surged by 1.0% last month, marking the largest gain since January 2023, following a downwardly revised 0.2% […]
Focus on USDX today – 9th AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for AUG 9 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 […]
Focus on XAUUSD today – 6th AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for AUG 6 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 […]