The French legislative election results dominated market sentiment on Monday, with no party securing a majority. The left-wing New Popular Front emerged victorious with 182 seats, followed by President Macron’s centrist alliance with 168 seats, and the far-right National Rally party with 143 seats. This outcome has shifted focus to the question of who will […]

On Friday, the S&P 500 and the Nasdaq hit record highs, climbing by 0.54% and 0.9%, respectively, and the Dow Jones added 67.87 points (0.17%). The session was influenced by data indicating a decrease in US hiring for June and a rise in the unemployment rate to the highest since the end of 2021, which […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for July 5, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-Hour Chart Insights 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 […]

President Lula da Silva of Brazil held extensive three-day meetings with multiple ministers, addressing long-standing concerns over fiscal imbalances and unsustainable deficits. Following these discussions, Lula directed a cut of R$25.9 billion in mandatory expenses, demonstrating a firm commitment to the new federal fiscal framework.  Finance Minister Fernando Haddad elaborated on the framework’s objectives, which […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for July 4 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-Hour Chart Insights  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 […]

Bitcoin’s value has decreased by approximately 3%, hovering near the crucial $60,000 mark. The situation marks the third instance in two weeks where the support level has been tested. Market analysts attribute the decline primarily to the anticipated commencement of Mt. Gox creditor repayments.  Mt. Gox, a defunct Bitcoin exchange, is poised to distribute over […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the China A50 for July 3, 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 […]

Federal Reserve Chair Powell stated at the European Central Bank Forum that prices are now showing signs of resuming a disinflationary trend, and significant progress has been made on curbing inflation. He refrained from indicating a specific timeline for the initial interest rate reduction but acknowledged a significant enhancement in labor market equilibrium, characterizing it […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for July 2, 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 […]

European stock markets posted gains on Monday, with the STOXX 50 rising 0.73%, the STOXX 600 up 0.32%, and the CAC 40 advancing around 1.09%. In addition, The Euro climbed above $1.074, hitting a high of $1.07754. Investors were digesting the results of France’s snap parliamentary election.  The far-right National Rally party won the first […]