CAD Bounced, But Appreciation Capped  The Canadian dollar has strengthened to 1.37 per USD, bouncing back strongly from the one-year low of 1.39 reached on November 1st. This recovery was strengthened by a general retreat in the DXY index, as weak economic data from the US reinforced the Federal Reserve’s indications that they may hold […]

The Impact of BOE and FED Decisions on the British Pound and Economy The British pound has seen a remarkable resurgence in recent times, climbing above the $1.23 mark against the US dollar. This is the highest level for the pound since mid-October 2022. The rise can be attributed to key decisions and outlooks from […]

Comprehensive Brent Oil for November 3, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 3rd November 2023. Key Takeaways  Brent Oil Technical Analysis  Brent Oil Daily Chart Insights Brent Oil 1-Hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

The Bright Outlook for US Stocks: A Market Analysis In November 2023, the US stock market witnessed a significant upswing, reinforcing expectations of an end to the era of rate hikes. The Dow Jones index soared by more than 560 points on November 2nd, marking its most remarkable daily gain since June. Simultaneously, the S&P […]

The Impact of FED’s Decision and ISM Manufacturing PMI in November 2023 In November 2023, the Federal Reserve (FED) once again held its rates unchanged, marking the second consecutive time for such a decision. Investors and financial experts alike anticipated and conjectured about this FED move. In addition, the Manufacturing Purchasing Managers Index (PMI) for […]

Comprehensive USD/CAD for November 2, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD/CAD for 2nd November 2023.  Key Takeaways  USD/CAD Technical Analysis  USD/CAD Daily Chart Insights USD/CAD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

The Bitcoin ETF Hype In October, cryptocurrency prices increased significantly, especially for bitcoin. Bitcoin had its biggest monthly hike since January. Investors were excited about the possibility that bitcoin exchange-traded funds (ETFs) may soon be approved in the United States. ETF offers easy and affordable access for the average investor as compared to investing in […]

Comprehensive EUR/USD for November 1, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EUR/USD for 1st November 2023.  Key Takeaways  EUR/USD Technical Analysis  EUR/USD Daily Chart Insights EUR/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Comprehensive GBP/NZD for October 31, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBP/NZD for 31st October 2023.  Key Takeaways  GBP/NZD Technical Analysis  GBP/NZD Daily Chart Insights GBP/NZD 4-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Japan’s Retail and Industrial Production Data Mixed, Yen Appreciated on Expectations of Monetary Policy Change In the ever-evolving sphere of global economics, Japan’s financial landscape remains a focal point of interest. As we navigate through the intricacies of Japan’s retail and industrial sectors, we are presented with mixed data that fuels discussions and influences global […]