Disappointing ADP Job Report’s Impact on USD | October 2023 Analysis According to ADP® National Employment’s September 2023 Report, Private businesses in the US hired 89K workers in September 2023, the least since January 2021 when private employers shed jobs, and well below market forecasts of 153K. It follows a revised 180K increase in August, compared […]

Comprehensive USD/CAD Analysis For October 5, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD/CAD for 5th October 2023.  Key Takeaways USD/CAD Technical Analysis USD/CAD Weekly Chart The weekly chart of USD/CAD in October 2023 revealed a pivotal development. The closing line for the week was on the verge […]

Global Mobile Phone Production Decline in 2H23: Insights and Analysis According to a TrendForce survey, after global smartphone production fell by nearly 20% year-on-year in the first quarter, production continued to decline by approximately 6.6% in the second quarter, to only 270 million units. A total of 520 million smartphones were produced in the first […]

Comprehensive GBP/NZD Analysis for October 4, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of GBP/NZD for 4th October 2023.  Key Insight: RBNZ Interest Rate Decision and Economic Outlook Technical Analysis: A Closer Look on GBP/NZD Trading Charts GBP/NZD Daily Chart Insights Reversal Structure: The daily chart illustrates a clear reversal […]

US Manufacturing PMI Shows Improvement, but Stagnant Inflation Remains a Concern The ISM manufacturing purchasing managers’ index rose to 49 in September from 47.6 last month, well above market expectations of 47.8, reflecting the slowest contraction in the U.S. manufacturing industry in ten months. Even as the economic slowdown improved, data still showed U.S. factory […]

Comprehensive Brent Oil Analysis for October 3, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 3rd October 2023.  Key Takeaways Key Point: The lifting of the U.S. government shutdown crisis, coupled with robust PMI data, has driven the U.S. dollar index to 107, a level […]

The Rise of NVIDIA: A Dominant Force in IC Design In the fast-paced world of integrated circuit (IC) design, the tides are constantly shifting, and the recent performance of the industry’s top players has been nothing short of remarkable. According to TrendForce reports, fueled by an AI-driven inventory stocking frenzy across the supply chain, 2Q23 […]

Comprehensive AUD/USD Analysis for September 28, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of AUD/USD for 28th September 2023.  Key Takeaways Short-Term vs. Long-Term Impact Technical Analysis AUD/USD Daily Chart Analysis (Daily chart of AUD/USD, source: Ultima Markets MT4)  Significant Decline: The daily chart indicated an expected decline in the […]

How Supply Chain Tensions Impact Crude Oil Prices in October 2023 The American Petroleum Institute’s weekly statistical report shows that U.S. crude oil inventories increased by 1.586 million barrels in the week ending September 22, 2023, after a decrease of 5.25 million barrels in the previous week. WTI crude futures rebounded to $90.7 a barrel, […]

Comprehensive AUD/USD Analysis for September 27, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUD/USD for 27th September 2023.  Key Takeaways Fundamentally, our analysis centers on the forthcoming release of Australia’s August CPI data and its potential repercussions for the AUD/USD market. Key takeaways include: AUD/USD Technical Analysis AUD/USD […]