On Friday, the BOJ maintained its steady interest rates, with Governor Kazuo Ueda noting that the central bank could take time to monitor the effects of global economic uncertainty, indicating no urgency to further raise borrowing costs. This dovish stance led to a drop in the yen, casting doubt on whether the BOJ would hike […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for SEP 20, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (GBPUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (GBPUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (GBPUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

The Bank of England maintained interest rates at 5.0% on Thursday, with the Monetary Policy Committee voting 8-1 to keep rates unchanged, outperforming expectations of a 7-2 vote in favor of holding rates. Only external member Swati Dhingra voted for a further quarter-point rate cut, following the BoE’s first reduction in borrowing costs since 2020 […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for SEP 19, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (USDJPY Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (USDJPY H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (USDJPY M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Wednesday, the Federal Reserve reduced interest rates by 50 basis points to 5%, leading to notable volatility in the U.S. dollar. Initially, the dollar traded lower following the announcement but recovered some of those losses after Chair Jerome Powell’s press conference. Ultimately, the dollar slipped 0.08% after turbulent trading, closing at 100.93.  (U.S Federal […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAGUSD for SEP 18, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (XAGUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (XAGUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (XAGUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Tuesday, the Canadian dollar edged lower against its U.S. counterpart as U.S inflation data led some investors to speculate that the Bank of Canada might align with a potential substantial interest rate cut by the Federal Reserve. Canada’s annual inflation rate slowed to 2% in August, down from 2.5% in July, aligning with the […]

Limassol, Cyprus — 12 September 2024 — Ultima Markets, a leading global forex and CFDs brokerage, is thrilled to announce its double success at the prestigious Global Forex Awards – Retail 2024. The company won two distinguished awards: “Best Affiliates Brokerage – Global” and “Best Fund Safety – Global.” The awards were presented during the […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for SEP 13, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (EUR/USD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (EUR/USD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (EUR/USD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Thursday, the European Central Bank reduced its rates from 3.75% to 3.50%, citing easing inflation and economic conditions as reasons for slightly easing its policy stance. This marks the second rate cut in three months, signalling a gradual normalization after last year’s aggressive rate hikes in response to the highest inflation levels in decades.  […]