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 […]

Why You Should Join A Live Trading Competition? Winning prizes in every live trading competition is frequently the first thing traders will consider. Unsurprisingly, forex brokers will treat trading competitions like bonuses and give away incredible prize structures.   For forex brokers, trading competition is one of the most successful promotional tools out there, which makes […]

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  […]

FOMC meeting minutes published  The U.S. Federal Reserve released the minutes of its September meeting on the 11th. To bring inflation back to the 2% target, maintaining a restrictive monetary policy is key. Most officials judged that it may be appropriate to raise interest rates again at future meetings. Some, however, believed that further interest […]

Comprehensive Brent Oil Analysis for October 12, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 12th October 2023.  Key Takeaways  Technical Analysis In Brent Oil Trading Chart Brent Oil Daily Chart Insights Brent Oil 1-Hour Chart Analysis Brent Oil Pivot Indicator According to the pivot indicator […]

Comprehensive EUR/NZD Analysis for October 11, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EUR/NZD for 11th October 2023.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-Hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. […]

World economy to grow 3% YoY  The International Monetary Fund (IMF) expects the world economy to grow by 3% this year as stronger-than-expected growth in the United States offsets lower prospects for China and Europe and cut its 2024 growth forecast by 0.1 percentage point to 2.9%.  Fast economic recovery in the US  The International […]

Comprehensive EUR/USD Analysis for October 10, 2023 At Ultima Markets, we are dedicated to providing you with insightful market analysis to help you make informed trading decisions. In today’s edition, we focus on the EUR/USD currency pair, delving into both fundamental and technical factors that may impact its performance in October 2023. Key Takeaways Fundamentals […]