Last Friday, official data revealed that British retail sales unexpectedly increased in September, countering earlier indications that consumers were pessimistic about potential tax hikes ahead of the new government’s upcoming budget later this month. Sales volumes rose by 0.3% in September, surpassing economists’ expectations of a 0.3% decline. As a result, the pound sterling gained […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for OCT 18th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (EURUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (EURUSD H1Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (EURUSD M30 Price Chart, Source: Ultima Markets MT4)  Conclusion  To navigate […]

On Thursday, data showed U.S. retail sales rose 0.4% last month, following an unrevised 0.1% gain in August, exceeding economists’ expectations of a 0.3% increase. As a result, the U.S. dollar strengthened, rising 0.23% to close at 103.766, marking a fresh 11-week high.  (U.S. Dollar Index Daily Price Chart, Source: Trading View)  Additionally, a separate […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for OCT 17th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (AUDUSD Daily Price Chart, Ultima Markets MT4)  H1 Chart Insights  (AUDUSD H1 Price Chart, Ultima Markets MT4)  Pivot Indicator  (AUDUSD M30 Price Chart, Ultima Markets APP)  Conclusion  To navigate the […]

The United Kingdom’s annual consumer price inflation eased to 1.7% in September, down from 2.2% in August, marking the lowest reading since April 2021. This decline, attributed to lower airfares and petrol prices, was reported by the Office for National Statistics. The figure came in below economists’ expectations of 1.9%.  (UK Inflation Data, Source: Office […]

The Amazon rainforest, Earth’s largest lung, is in crisis. With 34% of its forests lost due to deforestation, logging, agriculture, and climate change, it is nearing a critical tipping point. This vital ecosystem not only absorbs billions of tonnes of carbon dioxide but also sustains 47 million people, including indigenous tribes like the Kogi and […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for OCT 16th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (USDCAD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (USDCAD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (USDCAD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Tuesday, Canada’s annual inflation rate slowed more than the expected of 1.8%, dropping to 1.6% in September from 2.0% in August. This easing in inflation was primarily driven by a significant decline in gasoline prices, which marked the smallest annual increase in consumer prices since February 2021, according to Statistics Canada. USD/CAD is trading […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BTCUSD for OCT 15th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (BTCUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (BTCUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (BTCUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Monday, the Dow Jones Industrial Average rose 0.47% to 43,067, while the S&P 500 gained 0.78% to 5,860.20, and the Nasdaq Composite increased by 0.87% to 18,502.69. The U.S. stock market ended higher, driven by a surge in technology shares amid light Columbus Day trading, as investors sought tech stocks ahead of a busy […]