Australia’s Q3 CPI Eases to RBA Target Range  On Wednesday, the Australian Bureau of Statistics reported that the consumer price index (CPI) rose by just 0.2% in the third quarter, slightly below the expected 0.3% increase. Annual inflation slowed to 2.8% from 3.8%, marking the first time since late 2021 that inflation has fallen within […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the China A50 for OCT 29th 2024.   Key Takeaways   Technical Analysis   Daily Chart Insights   (China A50 Daily Price Chart, Source: Ultima Markets MT4)     H1 Chart Insights   (China A50 H1Price Chart, Source: Ultima Markets MT4)     Pivot Indicator   (China A50 M30 Price Chart, […]

Oil prices plunged 6% on Monday, dropping over $4 per barrel, following Israel’s retaliatory strike against Iran on Saturday, which bypassed oil and nuclear facilities, thereby avoiding any disruption to energy supplies. Brent futures fell 6.09%, closing at $71.42 per barrel, while WTIUSD dropped 6.13%, settling at $67.38 per barrel.  (WTIUSD Daily Price Chart, Source: […]

The yen dropped to a three-month low on Monday after Japan’s ruling coalition lost its parliamentary majority, leading investors to anticipate a slower pace of future interest rate hikes. Meanwhile, the dollar approached a monthly gain amid rising U.S. yields, with the yen hitting its weakest level since late July, trading at 153.3 in early-morning […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for OCT 25th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (EURUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (EURUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (EURUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Thursday, Bank of Japan Governor Kazuo Ueda expressed optimism regarding the U.S. economic outlook, noting its broadening strength. However, he emphasized that markets remain unstable, offering a mixed perspective on whether the risks to Japan’s economy are diminishing.  When asked about the impact of recent yen depreciation on inflation, Ueda explained that the Bank […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the China A50 for OCT 24, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (China A50 Index Daily Price Chart, Source: Ultima Markets MT4)  1-hour Chart Analysis  (China A50 Index H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (China A50 Index M30 […]

The Canadian dollar weakened to an 11-week low against its U.S. counterpart on Wednesday after the Bank of Canada implemented a larger-than-usual interest rate cut, while the U.S. dollar extended its recent large gains. USDCAD rose 0.15%, closing at $1.3837.  (USDCAD Daily Price Chart, Source: Trading View)  The Bank of Canada lowered its benchmark rate […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAGUSD for OCT 23rd, 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  […]

On Tuesday, the Dow Jones Industrial Average (DJI) slipped 0.02% to 42,924.89, the S&P 500 edged down 0.05% to 5,851.19, while the Nasdaq Composite (NDX) rose 0.11% to 20,383.65. The benchmark S&P 500 and the Dow finished lower in volatile trading, pressured by losses in industrials, materials, and utilities stocks. Meanwhile, the Nasdaq closed higher […]