Tag Archives: Inflation
Gold Price Dips Sharply Due to Dynamic Factors
On Tuesday, gold prices dropped by over 1%, though they later recovered slightly, closing at 2621 with a 0.83% decline. This represented the steepest percentage drop in six weeks, as recent U.S. employment data tempered expectations for a larger rate cut, while markets awaited the release of the U.S. Federal Reserve’s policy meeting minutes for […]
Focus on NZDUSD today – 9th OCT 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDNZD for OCT 9th, 2024. Key Takeaways Technical Analysis Daily Chart Insights (NZDUSD Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (NZDUSD H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (NZDUSD M30 Price Chart, Source: Ultima Markets APP) Conclusion To navigate the […]
Pound Sterling Drops Sharply After Bank of England’s Hints
On Thursday, the pound experienced a sharp decline following remarks by Bank of England Governor Andrew Bailey to The Guardian, indicating the central bank may adopt a more “aggressive” approach to rate cuts if inflation continues to ease. This triggered a 1.08% drop in the pound, closing at 1.3123 against the U.S. dollar, marked its […]
Swiss National Bank Cut 25 Basis Point as Expectation
On Thursday, the Swiss National Bank reduced interest rates by 25 basis points to 1.00%, marking the lowest level since early 2023. The cut was the bank’s third such reduction this year as the central bank dialled back measures designed to combat inflation. This echoed step taken to lower borrowing costs by the European Central […]
Focus on AUDUSD today – 24th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for SEP 24, 2024. Key Takeaways Technical Analysis Daily Chart Insights (AUDUSD Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (AUDUSD H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (AUDUSD M30 Price Chart, Source: Ultima Markets APP) Conclusion […]
Focus on GBPUSD today – 20th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for SEP 20, 2024. Key Takeaways Technical Analysis Daily Chart Insights (GBPUSD Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (GBPUSD H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (GBPUSD M30 Price Chart, Source: Ultima Markets APP) Conclusion […]
ECB Cut Rates to Boost Inflation and Economy Growth
On Thursday, the European Central Bank reduced its rates from 3.75% to 3.50%, citing easing inflation and economic conditions as reasons for slightly easing its policy stance. This marks the second rate cut in three months, signalling a gradual normalization after last year’s aggressive rate hikes in response to the highest inflation levels in decades. […]
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 […]
Canadian dollars weaken as July Inflation cools
On Tuesday, Canada’s annual inflation rate dropped to 2.5% in July, aligning with expectations. Despite this, the Canadian dollar weakened slightly, though USD/CAD slipped 0.1% to close at 1.3620, which was influenced by the significant weakness in the U.S. dollar due to expectations of a potential interest rate cut. (USD/CAD Daily Price Chart) The current […]
Gold Reaches New Highs but Far from Its Peak
Today, Ultima Markets brings you an in-depth analysis of gold as of August 20, 2024. Fundamental Analysis Central Banks Support Gold Prices: In the first half of this year, central banks’ net gold purchases reached 483.3 tons, equivalent to nearly 40,000 gold bars. This is one of the factors supporting the strong rise in gold […]
