Monthly Archives: December 2024
Inflation Fears Ease, Fed Eyes Rate Cut
Written on December 12, 2024 at 11:22 am, by carl
CPI Data Align with Expectations On Wednesday, the consumer price index rose 0.3% last month, same as the expectation of 0.3%, also marking the largest gain since April. The U.S dollar strengthened after CPI data came in line with forecasts, U.S dollar index rising 0.23% to close at 106.62. (U.S Dollar Index Chart, Source: Trading […]
Bank of Canada: Accelerating CAD Depreciation?
Written on December 11, 2024 at 9:21 pm, by carl
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for DEC 11, 2024. USDCAD Key Takeaways USDCAD Technical Analysis USDCAD Weekly Chart Insights (USDCAD Daily Price Chart, Source: Ultima Markets MT4) USDCAD 4-hour Chart Analysis (USDCAD H1 Price Chart, Source: Ultima Markets MT4) USDCAD Pivot Indicator (USDCAD M30 Price Chart, […]
Reserve Bank of Australia Leaves Rates Steady at 4.35%
Written on December 11, 2024 at 8:48 pm, by carl
RBA Indicates a Soft Hawkish Stance The RBA, on Tuesday, left the cash rate unchanged at 4.35% during its December policy meeting, reflecting a softer hawkish bias. With Australia’s central bank moving closer to the possibility of joining its global peers in cutting rates, future policy decisions remain data-dependent, meaning the possibility for a shift […]
The Fed’s Last Meeting of the Year: To Pause or Further Ease?
Written on December 10, 2024 at 12:40 pm, by carl
A Balancing Act Between Inflation and Growth The year 2024 has been quite a roller coaster for political and economic events. The final interest rate decision meeting is scheduled for this month by the Federal Reserve. The minutes of the November meeting give insight into their next steps. A key takeaway is that many officials […]
AUD Wavers at Lows: Lowe’s Remarks in Focus
Written on December 10, 2024 at 12:14 pm, by carl
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDUSD for DEC 10, 2024. AUDUSD Key Takeaways AUDUSD Technical Analysis AUDUSD Daily Chart Insights (AUDUSD Daily Price Chart, Source: Ultima Markets MT4) AUDUSD 1-hour Chart Analysis (AUDUSD H1 Price Chart, Source: Ultima Markets MT4) AUDUSD Pivot Indicator (AUDUSD M30 Price Chart, […]
China’s Inflation Falls Short of Expectations
Written on December 10, 2024 at 11:58 am, by carl
Deflationary Pressures Continue to Haunt China On Monday, the National Bureau of Statistics reported that China’s consumer price index (CPI) was up only 0.2% y/y in November, compared with the 0.3% rise in October and well below the expected 0.5% increase. (China CPI y/y and PPI y/y Chart, Source: LSEG Data Stream) The world’s second-largest […]
US Dollar Rise on Stronger Nonfarm Payrolls
Written on December 9, 2024 at 9:51 pm, by carl
US Dollar Rise on Stronger Nonfarm Payrolls Last Friday, the increase in the jobless rate showed weakness in household employment data. The smaller and more volatile household survey that determines the unemployment rate showed a decrease of 355,000 jobs. In contrast, nonfarm payrolls increased by 227,000 in November, following an upwardly revised increase of 36,000 […]
Pound Sterling Extended Gains Against U.S Dollar
Written on December 7, 2024 at 8:44 pm, by carl
Tax Hikes Weigh on U.K Economy On Thursday, data from the Bank of England showed that British employers’ expectations for wage growth continued to soften. In a separate report, activity in Britain’s construction sector rose in November, but neither report had much impact on the pound. However, the pound gained 0.45% against the U.S. dollar, […]
Bitcoin Poised to Make History, But Reversal Risks Linger
Written on December 5, 2024 at 3:25 pm, by carl
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BTCUSD for DEC 5, 2024. BTCUSD Key Takeaways BTCUSD Technical Analysis BTCUSD Daily Chart Insights (BTCUSD Daily Price Chart, Source: Ultima Markets MT4) BTCUSD 1-hour Chart Analysis (BTCUSD H1 Price Chart, Source: Ultima Markets MT4) BTCUSD Pivot Indicator (BTCUSD M30 Price Chart, […]
Bitcoin Surges Beyond $99,000, Nearing the $100,000 Milestone
Written on December 5, 2024 at 11:11 am, by carl
Trump’s Nomination of Paul Atkins Fans the Rally On Thursday, President-elect Donald Trump announced his intention to nominate Paul Atkins to lead the U.S. Securities and Exchange Commission. Following the announcement, Bitcoin surged by over 3%, as Atkins is widely regarded as a pro-crypto candidate. Trump’s favorable stance on cryptocurrencies has encouraged small businesses to […]
