In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the China A50 for OCT 10th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (China A50 Daily Price Chart, Source: Trading View)  H1 Chart Insights  (China A50 Daily H1 Chart, Source: Trading View)  Pivot Indicator  (China A50 M30 Price Chart, Source: Trading View)  Conclusion  […]

On Wednesday, New Zealand’s central bank cut interest rates by 50 basis points and maintained that policy remains restrictive, despite inflation returning to target levels. This decision prompted markets to anticipate further aggressive easing, leading to a sharp decline in the New Zealand dollar. The reduction of the cash rate to 4.75% was in line […]

As we step into the final quarter of 2024, the financial landscape presents a mixed bag of opportunities and challenges across various markets, including XAUUSD, Crude Oil, EURJPY, S&P500, and more. Each segment is influenced by a confluence of economic policies, geopolitical factors, and market dynamics. In response to these challenges, Ultima Markets has released […]

On Tuesday, gold prices dropped by over 1%, though they later recovered slightly, closing at 2621 with a 0.83% decline. This represented the steepest percentage drop in six weeks, as recent U.S. employment data tempered expectations for a larger rate cut, while markets awaited the release of the U.S. Federal Reserve’s policy meeting minutes for […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDNZD for OCT 9th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (NZDUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (NZDUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (NZDUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  To navigate the […]

The Hang Seng Index (HSI) surged to a 32-month high this week, marking a significant milestone in the Hong Kong stock market, driven by improving investor sentiment and favourable market conditions. The benchmark index, which tracks the performance of the largest companies listed on the Hong Kong Stock Exchange, rose over 32% for the past […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for OCT 8th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (USDJPY Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (USDJPY H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (USDJPY M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

The dollar strengthened last Friday after a U.S. jobs report revealed the largest increase in employment in six months for September, accompanied by a decline in the unemployment rate and notable wage growth. These signs of a resilient economy led markets to dial back expectations for Federal Reserve rate cuts. The U.S. dollar index climbed […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for OCT 4, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (XAUUSD Daily Price Chart, Source: Ultima Markets MT4)  1-hour Chart Analysis  (XAUUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (XAUUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Thursday, the pound experienced a sharp decline following remarks by Bank of England Governor Andrew Bailey to The Guardian, indicating the central bank may adopt a more “aggressive” approach to rate cuts if inflation continues to ease. This triggered a 1.08% drop in the pound, closing at 1.3123 against the U.S. dollar, marked its […]