In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for NOV 12th, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (GBPUSD Daily Chart, Source: Ultima Markets MT4)  1-hour Chart Analysis  (GBPUSD H1 Chart, Source: Ultima Markets MT4)  Pivot Indicator  (GBPUSD M30 Chart, Source: Ultima Markets APP)  Conclusion  To navigate the […]

Gold Drops as Trump Wins U.S. Election  On Monday, gold prices fell by 2.42%, closing at $2,619 per ounce. A 0.5% rise in the dollar index pushed it to its highest point since early July, making gold less appealing to non-dollar buyers. The dollar index jumped over 1.5% last week, reaching 105.44 after Trump’s election […]

Bitcoin Reaches New High Amid Trump’s Election Victory  Bitcoin surged past $81,000 on Monday, reaching a record high following Donald Trump’s win in the U.S. presidential election. The outcome, along with the election of several pro-crypto members to Congress, has fuelled optimism for a less restrictive regulatory stance toward digital assets. BTCUSD rose 17% last […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for NOV 8, 2024.  USDJPY Key Takeaways  USDJPY 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, […]

Cautious Tone from Bank of England Governor Andrew Bailey  On Thursday, the Bank of England reduced interest rates by 25 basis points to 4.75%, as anticipated. This marks the second rate cut since 2020, with Governor Andrew Bailey signalling that any future rate reductions will likely be gradual.  The Monetary Policy Committee (MPC) voted 8-1 […]

After Trump’s return to the White House, he is expected to boost traditional industries, particularly energy, finance, and defense, through policies such as deregulation and tax cuts. Meanwhile, Musk, with his close ties to Trump, is likely to reap significant business rewards, further solidifying the position of his corporate empire.  Trump’s success Key Takeaways  Trump’s […]

Gold Prices Fall to Three-Week Low   On Wednesday, gold prices dropped 3.09%, closing at $2,660 per ounce. This decline was driven primarily by a strengthened U.S. dollar following Republican Donald Trump’s election as U.S. President. With markets having anticipated a contested result, Trump’s clear victory removed an element of uncertainty. This outcome led to a […]

Impact of a Trump vs. Harris Victory on Market Trend  On Monday, the U.S. dollar index gapped down, slipping 0.34% as investors prepared for a potentially pivotal week for the global economy, with the United States selecting a new leader. Democratic candidate Kamala Harris and Republican candidate Donald Trump remain virtually tied in opinion polls, […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for NOV 1, 2024.  Key Takeaways  Technical Analysis  EURUSD Daily Chart Insights  (EURUSD Daily Price Chart, Source: Ultima Markets MT4)  EURUSD 4-hour Chart Analysis  (EURUSD H1 Price Chart, Source: Ultima Markets MT4)  EURUSD Pivot Indicator  (EURUSD M30 Price Chart, Source: Ultima […]

Bank of Japan maintain Policy Rate of 0.25%  On Thursday, the Bank of Japan maintained ultra-low interest rates and indicated a need to monitor global economic developments closely, emphasizing its attention to risks impacting Japan’s fragile domestic recovery when considering future policy tightening.  (Japan’s Core CPI and BOJ’s Policy Rate, Source: LSEG)  Governor Ueda’s comments […]