On Friday, April 12th, Wall Street experienced a significant decline, with major stock indices recording substantial losses. The S&P 500 had its worst day since January, plunging 1.46%, while the Dow Jones Industrial Average tumbled 475 points (-1.24%), and the Nasdaq Composite Index slid 1.62%. The negative sentiment was heavily influenced by earnings reports from […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for 12th April 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  4-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. Ultima Markets remains dedicated to providing […]

The European Central Bank (ECB) remained resolute in its battle against inflation, maintaining interest rates at elevated levels during the April meeting. The main refinancing operations rate stood firm at 4.5%, a 22-year high, while the deposit facility rate held steady at an unprecedented 4%. Although acknowledging the continued decline in inflation, with underlying measures […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the China A50 for 11th April 2024.  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. Ultima Markets remains dedicated to providing […]

In the April resolution, the Bank of Canada maintained its key interest rate at 5%, a move that was largely anticipated. The bank avoided suggesting when rate cuts might begin, citing ongoing inflation risks.   Despite acknowledging a reduction in price pressures across many goods and services since their last policy meeting, the bank emphasized uncertainties […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 10th April 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  4-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. Ultima Markets remains dedicated to providing you […]

On Tuesday, US stock markets exhibited a mixed closing, with investor sentiment swaying towards caution as the anticipation for the latest US inflation data heightened. Mild advances were seen in the S&P 500, creeping up by 0.14%, and the Nasdaq rose modestly by 0.32%. In contrast, the Dow Jones Industrial Average saw a slight decline […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for 9th April 2024.  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. Ultima Markets remains dedicated to providing you […]

Brent crude futures dropped over 1% to under $90 per barrel on Monday, with the reduction in Middle East tensions having a greater impact than the anticipated tightening of worldwide supply. The decrease in hostilities became apparent as Israel pulled additional forces out of Southern Gaza, presumably reacting to mounting global pressure. Moreover, the resumption […]

Canada saw its unemployment rate climb to 6.1% in March 2024, an increase from 5.8% the previous month, reaching the highest rate since October 2021 and significantly topping forecasts of 5.9%.  The data align with the Bank of Canada’s observations, suggesting that high interest rates are placing considerable strain on the labor market. These figures […]