U.S. Retail Sales Thrived in September 2023 As we delve into the latest economic data for September 2023, it becomes evident that the U.S. retail and manufacturing sectors are experiencing notable developments. This comprehensive report highlights the key statistics and trends that are shaping these critical segments of the American economy. Consumer Spending Takes the […]

Comprehensive Brent Oil Analysis for October 18, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BRENT OIL for 18th October 2023.  Key Takeaways  Brent Oil Technical Analysis  Brent Oil Daily Chart Insights Brent Oil 1-hour Chart Analysis Ultima Markets Pivot Indicator  Conclusion  Legal Documents  Ultima Markets, a trading name […]

The Resilient Rise of Wegovy and Ozempic The Danish pharmaceutical company, Novo Nordisk (NVO), has recently updated its financial outlook for the year due to the increasing demand for its weight loss drug, Wegovy, and diabetes medication, Ozempic. These drugs are administered through weekly injections and have been sought after by patients for their significant […]

Comprehensive XAU/USD Analysis for October 13, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAU/USD for 17th October 2023.  Key Takeaways  XAU/USD Technical Analysis  XAU/USD Weekly Chart Insights  XAU/USD Daily Chart Analysis  Ultima Markets Pivot Indicator  Conclusion  Legal Documents  Ultima Markets, a trading name of Ultima Markets Ltd, is […]

U.S. oil production hits record high  The U.S. Department of Energy announced on Oct. 12 that U.S. crude oil production had hit an all-time high of 13.2 million barrels per day, entirely wiping out Covid-era losses of more than 3 million barrels per day. Meanwhile, the S&P 500 Energy Index tripled after three and a […]

Comprehensive EUR/NZD Analysis for October 13, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EUR/NZD for 13th October 2023.  U.S. CPI Rose: U.S. CPI rose for the second consecutive month in….. Key Takeaways  EUR/NZD Technical Analysis  EUR/NZD Daily Chart Insights EUR/NZD 4-Hour Chart Analysis Pivot Indicator Conclusion Legal Documents  […]

FOMC meeting minutes published  The U.S. Federal Reserve released the minutes of its September meeting on the 11th. To bring inflation back to the 2% target, maintaining a restrictive monetary policy is key. Most officials judged that it may be appropriate to raise interest rates again at future meetings. Some, however, believed that further interest […]

Comprehensive Brent Oil Analysis for October 12, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 12th October 2023.  Key Takeaways  Technical Analysis In Brent Oil Trading Chart Brent Oil Daily Chart Insights Brent Oil 1-Hour Chart Analysis Brent Oil Pivot Indicator According to the pivot indicator […]

Comprehensive EUR/NZD Analysis for October 11, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EUR/NZD for 11th October 2023.  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. […]

World economy to grow 3% YoY  The International Monetary Fund (IMF) expects the world economy to grow by 3% this year as stronger-than-expected growth in the United States offsets lower prospects for China and Europe and cut its 2024 growth forecast by 0.1 percentage point to 2.9%.  Fast economic recovery in the US  The International […]