Gold Surges Past $2,000 Driven by Geopolitical Tensions Israeli forces have begun their largest ground attack in Gaza so far in the war with Hamas, despite ongoing diplomatic efforts to delay an expected full ground invasion. Fueled by hedge buying, Gold raised above $2,000 an ounce and marked the third straight weekly gain. Gold is […]

U.S. GDP Up 4.9% in 3Q, Fastest Growth in Past Two Years  The U.S. Department of Commerce reported that U.S. GDP grew by 4.9% in the third quarter, exceeding the 2.1% growth in the second quarter and economists’ expectations. Strong consumer spending contributed to the growth drive.   Consumer Spending Takes Center Stage Consumer spending experienced […]

Comprehensive Brent Oil for October 27, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 27th October 2023.  Key Takeaways  Brent Oil Technical Analysis  Brent Oil Daily Chart Insights Brent Oil 1-Hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion

Understanding Canada’s Inflation Control and the BOC’s Monetary Policy Within the intricate realm of economics, grasping the nuances of inflation control stands as a paramount endeavor. This article embarks on an exploration of Canada’s adept strategies for effectively managing inflation, while shedding light on the rationale behind the Bank of Canada’s (BOC) choice to uphold […]

Comprehensive EUR/USD for October 26, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EUR/USD for 26th October 2023.  Key Takeaways  EUR/USD Technical Analysis  EUR/USD Daily Chart Insights EUR/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Better-than-expected Manufacturing PMI Recorded for Germany In October 2023, Germany’s manufacturing sector delivered a surprising uptick in performance, marked by the HCOB Flash Germany Manufacturing PMI reaching a 5-month high of 40.7. This exceeded both expectations and the previous month’s record of 39.6, suggesting a promising turn of events in the German industrial landscape. While […]

Comprehensive USD/CAD for October 25, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD/CAD for 25th October 2023.  Key Takeaways  USD/CAD Technical Analysis  USD/CAD Daily Chart Insights USD/CAD 4-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Reviving Australian Manufacturing: A Roadmap for Success In recent times, Australia’s manufacturing sector has faced a challenging landscape. The Manufacturing PMI hit its lowest level in six months, declining to 48 in October 2023 from 48.7 in the previous month. This marks the eighth consecutive monthly decline in business conditions, a cause for concern. Understanding […]

Comprehensive GBP/USD for October 24, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBP/USD for 20th October 2023.  Key Takeaways  GBP/USD Technical Analysis  GBP/USD Daily Chart Insights GBP/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator  Conclusion 

Geopolitical Turmoil Fuels Oil Price Surge Amidst the volatile landscape of the global oil market, October 2023 stands out as a month of upheaval and uncertainty, with crude oil prices surging to a noteworthy $90 per barrel. This escalation can be attributed to escalating geopolitical tensions, notably the intensifying conflicts between Israel and Gaza, which […]