Category Archives: Market Outlook (New)
Gold Prices Trade in a Narrow Range, Awaiting a Clear Trend
Written on December 4, 2024 at 11:39 am, by carl
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for DEC 4th, 2024. XAUUSD Key Takeaways XAUUSD Technical Analysis XAUUSD Daily Chart Insights (XAUUSD Daily Price Chart, Source: Ultima Markets MT4) XAUUSD 1-hour Chart Analysis (XAUUSD H1 Price Chart, Source: Ultima Markets MT4) XAUUSD Pivot Indicator (XAUUSD M30 Price Chart, […]
Weaker Inflation Might Trigger Rate Cut from the SNB
Written on December 4, 2024 at 11:19 am, by carl
Inflation Falls Short of Expectations On Tuesday, data from the Federal Statistics Office revealed that Swiss annual inflation edged up to 0.7% in November from 0.6% in October, falling short of the forecasted 0.8%. Meanwhile, consumer prices dipped by 0.1% compared to the previous month, aligning with expectations. (Switzerland CPI y/y, Source: Investing.com) In 2024, […]
Yen Forms Doji, Signals Potential for Significant Volatility Today
Written on December 3, 2024 at 3:01 pm, by carl
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for DEC 3rd, 2024. USDJPY Key Takeaways USDJPY Technical Analysis USDJPY Daily Chart Insights (USDJPY Daily Price Chart, Source: Ultima Markets MT4) USDJPY 1-hour Chart Analysis (USDJPY H1 Price Chart, Source: Ultima Markets MT4) USDJPY Pivot Indicator (USDJPY M30 Price Chart, […]
Euro Under Pressure Amid French Political Turmoil and Strong US Data
Written on December 3, 2024 at 2:40 pm, by carl
Euro Starts December Under Pressure On Monday, the Euro softened against the US dollar amid concerns that the French government could collapse, potentially stalling efforts to address the country’s mounting budget deficit. The EURUSD pair extended its losses following strong US manufacturing data from ISM, declining by 0.73% to close at 1.0497. (EURUSD Daily Price […]
