How To Choose a Trader In A Copy Trading Service?
How To Choose a Trader In A Copy Trading Service? Copy trading is a popular option for traders who want to participate in the financial markets but lack the time or expertise to trade on their own. By copying the trades of successful traders, individuals can potentially make profits without making their own decisions. Xtreamforex […]
EUR/GBP Steadies Around 0.8600 Before German CPI Data
EUR/GBP Steadies Around 0.8600 Before German CPI Data In the early stages of the European trading session on Wednesday, the EUR/GBP currency pair continued to exhibit stability within a relatively narrow range, confined between the levels of 0.8597 and 0.8607. The market’s collective attention is fixated on the imminent unveiling of Germany’s preliminary Consumer Price […]
US Dollar Recovers from Jobs Shock, Australian Dollar Dips on Cooling Inflation
US Dollar Recovers from Jobs Shock, Australian Dollar Dips on Cooling Inflation The dollar experienced its most pronounced decline in a month and a half on Wednesday, prompted by the perception among investors that weaker-than-anticipated U.S. jobs data has diminished the likelihood of further rate hikes by the Federal Reserve. The Japanese yen remained near […]
USD/CHF Trims Five-Week Loss, Shifts to Mid-Tier Swiss/US Data
USD/CHF Trims Five-Week Loss, Shifts to Mid-Tier Swiss/US Data In the early hours of Wednesday’s European session, the USD/CHF currency pair continued to maintain its position, showing resilience after experiencing its most significant daily loss in the past five weeks, with levels hovering around 0.8790. This retracement in value is occurring in a backdrop where […]
WTI Hovers Below $80 as China Growth Concerns and US Rate Hike Fears Persist
WTI Hovers Below $80 as China Growth Concerns and US Rate Hike Fears Persist As the trading week unfolds, the Western Texas Intermediate (WTI) crude oil benchmark finds itself hovering around the $79.85 mark on Tuesday, revealing a minor upward shift following a pullback from the $80.68 level. The oil market remains ensnared in the […]
UK Shop Price Inflation at 10-Month Low
UK Shop Price Inflation at 10-Month Low The rate of price increases in UK stores has decelerated to its slowest growth rate since October, as reported by the British Retail Consortium (BRC). The BRC revealed that prices climbed by 6.9% in the year leading up to August, down from July’s 8.4%. The primary driver behind […]
Dow Futures Up, Market Rally Continues; Jobs Data in Focus
Dow Futures Up, Market Rally Continues; Jobs Data in Focus The positive momentum in Dow Jones futures ahead of Tuesday’s opening was mirrored by upward movement in S&P 500 futures and Nasdaq 100 futures during overnight trading, indicating a buoyant start to the trading session. This week, the ongoing vigor of the market rally remains […]
The Importance of a Forex Calendar
The Importance of a Forex Calendar In the fast-paced world of forex trading, staying informed is the key to success. That’s why every trader should have a forex calendar by their side. In this blog post, we’ll explore the importance of a forex calendar and how it can help you make informed trading decisions. Plus, […]
China Approves 37 Retail Funds to Revitalize Market
China Approves 37 Retail Funds to Revitalize Market China’s government is taking steps to help its struggling stock market and economy by allowing the launch of 37 new retail funds, a move approved by the country’s securities regulator. These funds aim to give the market a much-needed push, as it has been facing various difficulties […]
Asian Stock Markets Rise as China Equities Drive Regional Gains
Asian Stock Markets Rise as China Equities Drive Regional Gains Asian stock markets defied potential headwinds stemming from the hawkish stance of US Federal Reserve (Fed) Chairman Jerome Powell at the Jackson Hole Symposium, exhibiting remarkable resilience on Monday. The trading sentiment echoed the modest gains observed in US equities. Powell’s statement on Friday alluded […]
EUR/USD Surpasses 1.0800, Awaits Eurozone CPI and US NFP
EUR/USD Surpasses 1.0800, Awaits Eurozone CPI and US NFP Despite reclaiming the 1.0800 area, the EUR/USD pair faces persistent pressure with a fifth consecutive weekly close in the negative zone. The European Central Bank’s (ECB) hawkish stance fails to provide the Euro the anticipated edge against its counterparts, even amid weaker Eurozone economic data. The […]
The Impact of Social Media on Trading
The Impact of Social Media on Trading Social media has revolutionized how we communicate, share ideas, and consume information. It has also impacted forex trading in significant ways, making it easier than ever before to access all the tools necessary to trade successfully. In this blog, we will discuss how social media has influenced forex […]
Nvidia’s AI Success to Revive Nasdaq 100 After Challenging August
Nvidia’s AI Success to Revive Nasdaq 100 After Challenging August Nvidia’s impressive achievements in the field of artificial intelligence (AI) are having a positive impact on the performance of stocks within the Nasdaq 100 index. Despite a rather challenging month of August, the dynamics changed dramatically thanks to Nvidia’s strong financial results. The company managed […]
S&P500 Futures rise, yields steady after big moves, central bankers in focus
S&P500 Futures rise, yields steady after big moves, central bankers in focus S&P500 Futures are slightly up, and interest rates have steadied after some big changes. People are paying attention to central bankers. The mood in the market is somewhat positive, but it’s struggling to stay as upbeat as yesterday. This week, there are important […]
EUR/USD stands firm above 1.0850 despite weak Eurozone PMI data; attention shifts to Jackson Hole
EUR/USD stands firm above 1.0850 despite weak Eurozone PMI data; attention shifts to Jackson Hole Despite receiving unfavorable news about the state of the Eurozone’s economy, the EUR/USD exchange rate remains relatively stable, holding above the key level of 1.0850. As the Asian trading session progresses on Thursday, the pair is observed to be trading […]
Top 5 High Leverage Forex Brokers in 2023
Top 5 High Leverage Forex Brokers in 2023 In the fast-paced world of forex trading, having access to high leverage can significantly amplify your potential profits. Best leverage brokers offer traders the opportunity to magnify their trading positions and maximize their returns. In this blog post, we will explore the top 5 high Best Leverage […]
August PMI Shows Slower Contraction in Japan’s Factory Activity
August PMI Shows Slower Contraction in Japan’s Factory Activity In the face of mounting challenges, Japan’s factory activity endured a third consecutive month of contraction in August, as indicated by a private sector survey. This prolonged decline was influenced by surging oil prices and persistent uncertainties surrounding the global economic landscape. However, while the trend […]
New Zealand’s Q2 Retail Sales Beat Expectations, NZD/USD Falls to 0.5940 on Weak ex Autos Data
New Zealand’s Q2 Retail Sales Beat Expectations, NZD/USD Falls to 0.5940 on Weak ex Autos Data In the early hours of Wednesday, during the Asian trading session, Statistics New Zealand unveiled the Retail Sales data for the second quarter (Q2) of 2023, offering a snapshot of New Zealand’s economic landscape. The headline Retail Sales figures […]