In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for AUG 23 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (AUD/USD Daily Price Chart, Sources from Ultimate Markets MT4)  H1 Chart Insights  (AUD/USD Hourly Price Chart, Sources from Ultima Markets MT4)  Pivot Indicator  (AUD/USD 30 Minutes Price Chart, Sources from […]

Sterling experienced a broad surge on Thursday, fuelled by better-than-expected PMI data, suggesting the UK economy is on course for solid growth in the third quarter. The flash composite output index climbed to a four-month high of 53.4 in August from 52.8 in July, surpassing the forecasted figure of 52.9. The services business activity index […]

Ultima Markets, a multi-award-winning broker, has firmly established itself as a leader in providing unparalleled services and innovative solutions. It recently earned the ‘Best Broker in Asia 2024’ and ‘Best Multi-Asset Trading Platform Asia 2024’ awards at the International Business Magazine Awards 2024. Receiving the prestigious ‘Best Broker in Asia 2024′ award is a testament […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for Aug 22, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (GBPUSD Price Daily Chart, Sources from Ultima Markets MT4) 15-min Chart Analysis  (GBPUSD 15 Minutes Price Chart, Sources from Ultima Markets MT4) Pivot Indicator  (GBPUSD 30 Minutes Price Chart, Sources […]

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 […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for Aug 21, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (USD/JPY Daily Price Chart, Sources from Ultima Markets MT4)  1-hour Chart Analysis  (USD/JPY Houry Price Chart, Sources from Ultima Markets MT4)  Pivot Indicator  (USD/JPY 30 Minutes Price Chart, Sources from […]

On Tuesday, Canada’s annual inflation rate dropped to 2.5% in July, aligning with expectations. Despite this, the Canadian dollar weakened slightly, though USD/CAD slipped 0.1% to close at 1.3620, which was influenced by the significant weakness in the U.S. dollar due to expectations of a potential interest rate cut.  (USD/CAD Daily Price Chart)  The current […]

Today, Ultima Markets brings you an in-depth analysis of gold as of August 20, 2024.  Fundamental Analysis Central Banks Support Gold Prices: In the first half of this year, central banks’ net gold purchases reached 483.3 tons, equivalent to nearly 40,000 gold bars. This is one of the factors supporting the strong rise in gold […]

On Tuesday, oil prices declined as Israel agreed to a proposal aimed at resolving disputes hindering a Gaza ceasefire, alleviating concerns over potential supply disruptions in the Middle East. WTI eased 2.2%, closed at 73.80 yesterday.  U.S. Secretary of State Antony Blinken announced that Israeli Prime Minister Benjamin Netanyahu had accepted a “bridging proposal” from […]

The UK economy received another boost as retail sales rebounded in July, rising by 0.5% month-over-month, after a revised 0.9% decline in June. This positive retails sales data has contributed to a rise in the pound’s value. GBP/USD rose 0.72% last Friday, closed at 1.2940.  (GBP/USD Daily Price Chart)  The recovery in retail sales can […]