Main Point: ASX 200 Index’s Recent Decline The ASX 200 Index tumbled 1.3% to below 7,000 on Sep. 22, hitting its lowest levels in six months and tracking losses on Wall Street overnight as the US Federal Reserve’s hawkish pause continued to weigh on investor sentiment. The benchmark index is also on track to lose […]

For investors investing in China’s A-shares, the performance of China’s stock market so far this year has only been slightly impressive at the beginning of the year. However, as China’s economic recovery gradually falls short of expectations, and the exchange rate of CNY/USD continues to fall, the performance of A-shares has also declined. Although there […]

Comprehensive AUD/USD Analysis for September 21, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUD/USD for 21st September 2023. Key Takeaways Federal Reserve’s Monetary Policy: Key to understanding this dynamic currency pair is the recent decision by the Federal Reserve. In September, they opted to halt interest rate hikes. […]

Federal Reserve Interest Rate Stability The Federal Reserve (FED) held rates still at 5.25 to 5.5%. Chairman Powell said at a press conference after the meeting, “We will continue to make interest rate decisions on a case-by-case basis based on all data and the impact on economic activity and the outlook for inflation. ”  Chairman […]

Japan’s Semiconductor Slowdown: Impact on the Economy Japan’s Ministry of Finance released import and export data for August, which showed weak demand from China and semiconductor equipment. The export value fell 0.8% from the same month last year to 7,994.3 billion yen due to reduced exports of semiconductor machinery (-36.3%), organic chemicals (-19.1%), and fossil […]

Focus on EUR/USD today.  Fundamentally, the Federal Reserve will announce its latest interest rate decision, and it is basically a certainty that interest rates will remain unchanged. However, since the Federal Reserve will also release its latest Summary of Economic Predictions(SEP), the dot plot is the focus of the market’s attention.   The most debated question […]

Focus on XAU/USD today.  Fundamentally, there has been a large divergence between China’s domestic gold prices and international gold prices recently, but the bullish drive for domestic gold is mostly due to the depreciation of the local currency and the impact of restrictions on gold imports. It is difficult for international gold prices to be […]

Mastering Holiday Spending in Times of Economic Uncertainty A new CNBC-Morning Consult survey has found that 92% of adults have reduced their spending over the past six months, and plan to spend less through the holidays.  The Core Insight Consumers remain cautious in their spending due to job insecurity and inflation. The most common categories […]

The European Central Bank’s Recent Interest Rate Hike and Its Impact on the Euro The European Central Bank (ECB) raised the three key interest rates by 25 bps. Starting from September 20, 2023, the marginal lending facility, main refinancing operations, and deposit facility will increase to 4.75%, 4.50%, and 4.00% respectively, setting a record since […]

Unveiling the Robust U.S. Economic Landscape Ahead of the Federal Reserve Meeting The Bureau of Labor Statistics released three statistical reports on September 14:  1. Retail sales  U.S. retail sales in August increased by 0.1% on a monthly basis higher than market expectations, and the annual growth rate increased from 2.6% to 2.5%. Retail sales […]