Tag Archives: Cut Rates
Bank of Canada Cuts Rates by 25bps as Expected
On Wednesday, the Bank of Canada reduced its key policy rate by 25 basis points to 4.25%, in line with expectations. Governor Tiff Macklem noted that due to sluggish economic growth, a larger rate cut might be necessary to support the economy. The central bank had maintained its benchmark rate at a two-decade high of […]
Focus on USDCAD today – 4th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for SEP 4, 2024. Key Takeaways Technical Analysis Daily Chart Insights (USD/CAD Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (USD/CAD H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (USD/CAD M30 Price Chart, Source: Ultima Markets APP) Conclusion […]
Focus on GOLD today – 28th Aug, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for Aug 28, 2024. Key Takeaways Technical Analysis Daily Chart Insights (XAUUSD Daily Price Chart, Sources from Ultima Markets MT4) 1-hour Chart Analysis (XAUUSD H1 Price Chart, Sources from Ultima Markets MT4) Pivot Indicator (XAUUSD 30 Minutes Price chart, Sources from […]