In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZDUSD for NOV 20, 2024.  NZDUSD Analysis Key Takeaways  NZDUSD Technical Analysis  NZDUSD Daily Chart Insights  (NZDUSD Daily Price Chart, Source: Ultima Markets MT4)  NZDUSD 1-hour Chart Analysis  (NZDUSD H1 Price Chart, Source: Ultima Markets MT4)  NZDUSD Pivot Indicator  (NZDUSD M30 Price […]

Bank of Canada Less Likely to Deliver Another 50bps Cut  On Tuesday, Canada’s annual inflation rate rose to 2.0% in October from 1.6% in September, exceeding economists’ forecast of 1.9%, as gas prices declined at a slower pace than in the previous month. This led to a strengthening of the Canadian dollar, causing USDCAD to […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for NOV 19, 2024.  Key Takeaways  Technical Analysis  XAUUSD Daily Chart Insights  (XAUUSD Daily Price Chart, Source: Ultima Markets MT4)  XAUUSD 1-hour Chart Analysis  (XAUUSD H1 Price Chart, Source: Ultima Markets MT4)  XAUUSD Pivot Indicator  (XAUUSD M30 Price Chart, Source: Ultima […]

Russian-Ukrainian Conflict Boosts Demand for Gold  Gold, often considered a safe-haven investment during times of economic and geopolitical instability, experienced its largest weekly drop in over three years last week. This was due to concerns that President-elect Trump’s proposed tariffs could lead to inflation, which might prompt the Federal Reserve to slow its pace of […]

Key Takeaways  Technical Analysis  AUDUSD Daily Chart Insights  (AUDUSD Daily Price Chart, Source: Ultima Markets MT4)  AUDUSD 1-hour Chart Analysis  (AUDUSD H1 Price Chart, Source: Ultima Markets MT4)  AUDUSD Pivot Indicator  (AUDUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make […]

ECB May Consider Rate Cuts as Inflation Approaches Target  On Tuesday, new data revealed that employment in the 20-member eurozone grew by 0.2% over the previous quarter, twice the pace forecasted in a Reuters poll of economists, raising the annual growth rate to 1.0% from 0.9% three months prior.  (Eurozone Employment Change y/y Chart, Source: […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for NOV 14th, 2024.  Key Takeaways  Technical Analysis  USDJPY Daily Chart Insights  (USDJPY Daily Price Chart, Source: Ultima Markets MT4)  USDJPY 1-hour Chart Analysis  (USDJPY H1 Price Chart, Source: Ultima Markets MT4)  USDJPY Pivot Indicator  (USDJPY M30 Price Chart, Source: Ultima […]

Inflation Remains Sticky, in Line with Expectations  On Wednesday, the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) increased by 0.2% for the fourth consecutive month, aligning with economists’ expectations in a Reuters poll. Year-over-year, the CPI rose by 2.6% through October, up from 2.4% in September, also meeting forecasts. Following the […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for NOV 13, 2024.  Key Takeaways  Technical Analysis  COPPER Daily Chart Insights  (COPPER Daily Price Chart, Source: Ultima Markets MT4)  COPPER 1-hour Chart Analysis  (COPPER H1 Price Chart, Source: Ultima Markets MT4)  COPPER Pivot Indicator  (COPPER M30 Price Chart, Source: Ultima […]

Pound Drops Amid Weak Jobs Data and Strengthening U.S. Dollar  On Tuesday, the pound fell to a three-month low after data showed regular wage growth had slowed and unemployment had ticked up, while currencies felt the pressure of a surging dollar following Donald Trump’s U.S. election victory. The pound slipped 0.93% against the U.S. dollar, […]