Ultima Markets

On Monday, WTI crude futures experienced a significant increase, rising by 2.2% and closing at $77.4 per barrel, marking their highest point in more than a week. This was the most substantial one-day gain seen since February and was driven by the anticipation of a rise in fuel demand during the summer season.  Investors are […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for June 7, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis 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 […]

Gold received high demand in the market, buoyed by imminent rate cut from central banks around the world. The yellow bullion notched in positive gains this week as Federal Reserve, Bank of Canada and European Central Bank is expected to loosen their monetary policy in the coming months. According to analysts, gold price is expected […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for June 6, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis 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 […]

Nvidia stock price rallied to record high yesterday, with valuation topping US$3 trillion while overtaking Apple to become the world’s second most valuable company. Recent surge in Nvidia’s stock price stemmed from the company’s bullish quarterly report and revenue forecast. For its first quarter, the company recorded a 262% jump in revenue year-on-year, coming in […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 5th June 2024. Key Takeaways Technical Analysis Daily Chart Insights H4 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 […]

US equities ended higher on Tuesday following the release of employment data from United States which reaffirms expectations for interest rate cut later this year. According to JOLTs, US job openings fell to its lowest level in 3 years with 8.059 million vacancies for April. The report shows significant reduction in job vacancies which suggests […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for 4th June 2024. Key Takeaways Technical Analysis Daily Chart Insights H4 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 […]

US dollar fell to two-months low against other major currencies after recent data show signs of gradual economic slowdown. The data spurred expectations that Federal Reserve remains on track to start cutting its interest rates this year, raising the opportunity cost of holding US dollar. According to US Institute for Supply Management (ISM), Manufacturing PMI […]

USDJPY has recorded substantial losses on yesterday, mainly due to possible foreign exchange market intervention by the Bank of Japan. Authorities have been tight-lipped with regards to the approach, but monthly data shows substantial amount of currency reserves spent from April 26 to May 29.   Nonetheless, the pair rose slightly but remained close to recent […]