Tag Archives: news
U.S. Presidential Election Risk Notice – Prepare for Potential Market Volatility
With the upcoming U.S. Presidential Election expected to significantly increase market volatility, Ultima Markets prioritizes the safety and security of our clients and our company. Ahead of the November 5th, 2024 election, we have thoroughly reviewed our risk management policies and, as of now, have decided to maintain our current margin requirements. However, please be […]
Watch out for ECB Lagarde’s words
At last, the euro has shrugged off bad economic news and inflation has come under control. It might be the time for ECB to reconsider its tightening monetary policy . Investors will focus on whether the European Central Bank will pause interest rate hikes in September as expected. (Inflation rates in the euro zone in […]
With easing policy, Yen sets to depreciate
Japan announced the latest July core CPI annual rate excluding fresh foods rose 3.1% year-over-year, slightly down from 3.3% in the previous month. The figure matched with the Bank of Japan’s expectation. The slowdown is linked to lower energy prices, especially data from the Tokyo region showing a slight deceleration in inflation. (Japan’s inflation level […]
RBNZ might hold rates unchanged while institutions short on NZD
The Federal Reserve Bank of New Zealand will announce the latest interest rate decision on Wednesday, and the market expects to keep the OCR official cash rate unchanged at 5.50%. At the moment, global economics are cooling, while the figures released by RBNZ are not strong enough. Consequently, RBNZ gains space to keep interest rates […]
Oil bullish trend unchanged, however, correction expected
Last week, the reports released by the three major oil organizations gave investors a better understanding of the short-term crude oil market. After oil prices have been rising for some time, major adjustments are expected this week. Demand climbs as supply falls In June 2023, global daily oil demand broke a record at 103 million […]
The non-farm payrolls have passed, the inflation data has come, and the dollar is still in decline
Last Friday, August 4th, the U.S. nonfarm payrolls data fell short of expectations for the second consecutive month. According to the data released by the U.S. Department of Labor, the seasonally adjusted non-agricultural employment in the United States increased by 187,000 in July, the lowest number of new jobs since December 2020, compared with market […]
BoE raises interest rates, and the pound rebounds
To combat inflation, the BoE makes its 14th move to raise interest rates by 25 bps, marking a new high of 5.25% since 2008. (UK Interest rates in the past 25 years) (BoE briefing in Aug.) BoE’s consecutive 25bps rate hikes made the market no longer optimistic on the future, lowering the estimate from 5.74% […]
