US stocks plummeted on Wednesday, with major indices suffering substantial losses. The S&P 500 fell 2.31%, marking its worst day since December 2022, while the Nasdaq plunged 3.62%, its poorest performance since October 2022. The Dow Jones Industrial Average also took a hit, shedding 504.22 points (-1.25%). This market downturn was primarily attributed to a […]

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In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for July 24, 2024.  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. Ultima Markets remains dedicated to providing you […]

On Tuesday, Brazil’s Ibovespa stock index experienced a downturn, dropping 0.99% and falling below the 127,200 mark. The decline was primarily attributed to two key factors: sharp falls in mega-cap stocks and growing fiscal concerns that weighed heavily on investor sentiment.  Several major companies saw significant losses in their stock prices. Vale, the iron ore […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for July 23 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

On Monday, the Hang Seng Index rose 218 points or 1.25% to close at 17,636, partially recovering from the previous session’s 2.0% decline. The upturn came after the People’s Bank of China (PBoC) unexpectedly cut its key short-term policy rate for the first time in nearly a year, aiming to stimulate economic growth in China. […]

The FTSE 100 fell 0.6% on Friday, ending two weeks of gains. Weaker commodity prices and a drop in domestic retail sales drove this decline. Mining stocks were particularly affected, with precious metal miners falling by 0.8% and industrial metal miners decreasing by 1.7%. Fresnillo, a notable precious metal miner, saw a 1.4% decline as […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for July 19, 2024.  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. Ultima Markets remains dedicated to providing you […]

The European Central Bank (ECB) maintained its benchmark interest rates in the July meeting, as anticipated. The decision came after last month’s significant rate cut, reflecting policymakers’ uncertainty about the pace of inflation moderation in the Eurozone. Following the announcement, the euro remained steady at nearly $1.093 on Thursday, close to the four-month high reached […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for July 18, 2024.  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. Ultima Markets remains dedicated to providing you […]