Consumer prices in China rose in August at the fastest rate in six months, driven by higher food costs stemming from weather disruptions. The consumer price index (CPI) increased by 0.6% year-on-year, compared to 0.5% in July, but fell short of the 0.7% forecast.  (China CPI y/y Chart, Source: Forex Factory)  Meanwhile, the producer price […]

The Dollar Index, which tracks the U.S. currency’s performance against six major counterparts, rose 0.2% to 101.21. It climbed amid volatile trading on Friday after data revealed U.S. employment grew less than anticipated in August, pointing to a gradual slowdown in the labour market. Non-farm payrolls increased by 142,000 last month, following a downwardly revised […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for SEP 6, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (Crude Oil Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (Crude Oil H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (Crude Oil M30 Price Chart, Source: […]

The pound remained steady on Thursday, poised for a modest weekly gain against the dollar ahead of U.S. employment data, which could shape the currency markets in the coming weeks and months. GBP/USD rose 0.25%, closing at 1.3177, edging back towards its last week’s two-year high of $1.3269.  (GBP/USD Daily Price Chart, Source: Trading View)  […]

On August 19, 2024, Villarreal and Atlético Madrid delivered a gripping La Liga match that ended in a 2-2 draw. The match showcased high-intensity football, with both teams displaying tactical skill and adapting to the fast-paced nature of the game. At the sound of the first whistle, it was clear that this match would leave […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for SEP 5, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (Gold Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (Gold H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (Gold M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Wednesday, the Bank of Canada reduced its key policy rate by 25 basis points to 4.25%, in line with expectations. Governor Tiff Macklem noted that due to sluggish economic growth, a larger rate cut might be necessary to support the economy.  The central bank had maintained its benchmark rate at a two-decade high of […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for SEP 4, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (USD/CAD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (USD/CAD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (USD/CAD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

U.S. stocks declined on Tuesday, as investors awaited data expected to impact the Federal Reserve’s decision on interest rate cuts. The Dow dropped to 40,936.93, while the S&P 500 lost 2.12% to 5,528.93, and the Nasdaq Composite 3.26% to 17,136.30.  (NASDAQ Index Daily Price Chart, Source: Trading View)  Chip stocks were notably affected, with Nvidia, […]

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  […]