Geopolitical Turmoil Fuels Oil Price Surge Amidst the volatile landscape of the global oil market, October 2023 stands out as a month of upheaval and uncertainty, with crude oil prices surging to a noteworthy $90 per barrel. This escalation can be attributed to escalating geopolitical tensions, notably the intensifying conflicts between Israel and Gaza, which […]

Comprehensive GBP/USD for October 20, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBP/USD for 20th October 2023.  Key Takeaways  GBP/USD Technical Analysis  GBP/USD Daily Chart Insights GBP/USD 4-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Australia Unemployment Rate Hit New Lows in the last three months As of September, the nation boasts a strikingly low unemployment rate of 3.6%, surpassing market expectations and marking a significant improvement from August’s 3.7% figure. The ripple effect of this achievement is evident as 19.8 thousand people found employment, reducing the total number of […]

Comprehensive NZD/USD Analysis for October 19, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZD/USD for 19th October 2023.  Key Takeaways  NZD/USD Technical Analysis  NZD/USD Weekly Chart Insights NZD/USD 4-hour Chart Analysis Ultima Markets MT4 Pivot Indicator  Conclusion 

U.S. Retail Sales Thrived in September 2023 As we delve into the latest economic data for September 2023, it becomes evident that the U.S. retail and manufacturing sectors are experiencing notable developments. This comprehensive report highlights the key statistics and trends that are shaping these critical segments of the American economy. Consumer Spending Takes the […]

Comprehensive Brent Oil Analysis for October 18, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BRENT OIL for 18th October 2023.  Key Takeaways  Brent Oil Technical Analysis  Brent Oil Daily Chart Insights Brent Oil 1-hour Chart Analysis Ultima Markets Pivot Indicator  Conclusion  Legal Documents  Ultima Markets, a trading name […]

The Resilient Rise of Wegovy and Ozempic The Danish pharmaceutical company, Novo Nordisk (NVO), has recently updated its financial outlook for the year due to the increasing demand for its weight loss drug, Wegovy, and diabetes medication, Ozempic. These drugs are administered through weekly injections and have been sought after by patients for their significant […]

Comprehensive XAU/USD Analysis for October 13, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAU/USD for 17th October 2023.  Key Takeaways  XAU/USD Technical Analysis  XAU/USD Weekly Chart Insights  XAU/USD Daily Chart Analysis  Ultima Markets Pivot Indicator  Conclusion  Legal Documents  Ultima Markets, a trading name of Ultima Markets Ltd, is […]

U.S. oil production hits record high  The U.S. Department of Energy announced on Oct. 12 that U.S. crude oil production had hit an all-time high of 13.2 million barrels per day, entirely wiping out Covid-era losses of more than 3 million barrels per day. Meanwhile, the S&P 500 Energy Index tripled after three and a […]

Comprehensive EUR/NZD Analysis for October 13, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EUR/NZD for 13th October 2023.  U.S. CPI Rose: U.S. CPI rose for the second consecutive month in….. Key Takeaways  EUR/NZD Technical Analysis  EUR/NZD Daily Chart Insights EUR/NZD 4-Hour Chart Analysis Pivot Indicator Conclusion Legal Documents  […]