Gold Prices: Touching New Heights In a remarkable turn of events, gold futures and spot prices have surged past the significant $2,000/oz mark on Monday, November 27. This remarkable uptick can be attributed to a surge in safe-haven demand, fueled by anticipation surrounding key economic data set for release this week. Moreover, the recent expectations […]

Unraveling the Dynamics: Bank of Japan’s Response to Accelerating Inflation In November 2023, Japan witnessed an unexpected surge in inflation, sending ripples through its economic landscape. For the first time in four months, the core consumer price index—which does not include the cost of fresh food—rose 2.9% over the prior year. Concurrently, the headline inflation […]

Cryptocurrency Bull Run: An In-Depth Analysis Since the well-known cryptocurrency exchange FTX collapsed, the cryptocurrency market has witnessed twists and turns. First of all, after the FTX collapse, the prices of mainstream cryptocurrencies such as Bitcoin and Ethereum have plummeted. But then, good news such as cryptocurrency ETFs and Bitcoin’s upcoming halving reignited the market, […]

Comprehensive USD/JPY Analysis for November 24, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD/JPY for 24th November 2023.  USD/JPY Key Takeaways  USD/JPY Technical Analysis  USD/JPY Daily Chart Insights USD/JPY 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Key Indicators and Market Impact Jobless Claim Decline in Jobless Claims The United States Department of Labor’s most recent statistics shows a notable decrease in unemployment claims for the week ending November 18. Unemployment claims fell to 209,000, below market forecasts and reversing a three-month high from the week before. Continuing claims, measuring ongoing unemployment, […]

As part of our commitment to providing our clients with the best reliability and service, there will be a server upgrade & maintenance this weekend. Trading sessions this weekend are as follows: Date Trading sessions (GMT+2) Trade status Maintenance sessions (GMT+2) 2023/11/25 (Sat.) Market Close 00:00-23:59 2023/11/26 (Sun.) Market Close 00:00-23:59 Friendly Reminder • The […]

Comprehensive USD/CAD Analysis for November 23, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD/CAD for 23rd November 2023.  USD/CAD Analysis Key Takeaways USD/CAD Technical Analysis  USD/CAD Daily Chart Insights USD/CAD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Inflation Rate Peaks in South Africa: A Detailed Exploration In October, South Africa witnessed a significant uptick in its inflation rate, scaling new heights at 5.9%. This surge, nearing the upper limit of the South African Reserve Bank’s targeted range, can be attributed to multiple factors. Notably, elevations in food, transport, healthcare, and expenses related […]

Comprehensive NZD/USD for November 22, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZD/USD for 22nd November 2023.  NZD/USD Key Takeaways  NZD/USD Technical Analysis  NZD/USD Daily Chart Insights NZD/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Hungary’s Recent Benchmark Interest Rate Cut and Economic Dynamics In a decisive move on November 21, the National Bank of Hungary (NBH) implemented a 75 basis points reduction in the benchmark interest rate, bringing it to 11.5%. This strategic decision, made amidst pressure for further rate cuts from the government, reflects the delicate balance between […]