China Must Enhance Productivity in Light of Demographic Challenge, Advises Economist
China Must Enhance Productivity in Light of Demographic Challenge, Advises Economist Amidst the demographic intricacies China faces, the call to elevate productivity has emerged as a pressing concern, according to David Mann, the Chief Economist for Asia-Pacific, Middle East, and Africa at the Mastercard Economics Institute. Mann emphasized that the need to invigorate productivity is […]
EUR/JPY Bulls Target 157.70 Key Resistance Despite Soft Japan Wages and Lackluster German Inflation
EUR/JPY Bulls Target 157.70 Key Resistance Despite Soft Japan Wages and Lackluster German Inflation During today’s European session, the EUR/JPY pair is showing a bullish trend, targeting the key resistance level of 157.70. This upward movement is significant as it challenges a long-standing falling resistance line. Interestingly, this bullish drive is happening despite weak economic […]
How Does Non-Farm Payroll Affect Forex Trading?
How Does Non-Farm Payroll Affect Forex Trading? In this blog, let’s discover the crucial role of Non-Farm Payroll (NFP) in forex trading and why it’s an event traders can’t afford to ignore. This highly anticipated economic indicator, released monthly by the US government, provides vital insights into the labor market and has a significant impact […]
WTI Crude Oil Supports OPEC+ Decision, US Dollar Retreats Near $83.00 High
WTI Crude Oil Supports OPEC+ Decision, US Dollar Retreats Near $83.00 High WTI crude oil has demonstrated resilience, holding onto modest gains around $82.90 in early Monday trading in Asia. The energy benchmark has maintained a three-day uptrend, reaching a four-month high. This price surge comes in response to favorable developments and positive market sentiment. […]
Chinese Traders to Gradually Restart Australian Barley Imports
Chinese Traders to Gradually Restart Australian Barley Imports Chinese traders are poised to resume importing Australian barley following an announcement by China’s Ministry of Commerce (MOFCOM) stating an end to anti-dumping and countervailing duties on the crop, effective from Saturday. Industry sources informed the Global Times about the development, which is seen as a response […]
EUR/USD Stays Defensive Below 1.1000, Vulnerable Amid Modest USD Strength
EUR/USD Stays Defensive Below 1.1000, Vulnerable Amid Modest USD Strength At the start of the new trading week, the EUR/USD pair encountered notable selling pressure, leading to a retracement from its recent peak near the 1.1040 level. During the Asian session, spot prices slipped below the psychologically significant 1.1000 mark, temporarily disrupting the two-day recovery […]
Copy Trading Strategies: How to Start Successful Copy Trading
Copy Trading Strategies: How to Start Successful Copy Trading Discover the power of copy trading and unlock your potential in the forex market! If you’re intrigued but hesitant to jump in without expertise, copy trading is the perfect solution for you. By following and replicating the strategies of experienced traders, you can potentially earn profits […]
WTI Reclaims $81.50 on Saudi Arabia, Russia Supply Tightening
WTI Reclaims $81.50 on Saudi Arabia, Russia Supply Tightening West Texas Intermediate (WTI) crude oil is currently experiencing a notable rebound, with prices hovering around $81.58. This is a substantial recovery from the weekly low of $74.45 registered last Thursday. The driving force behind this upward trend is primarily the strategic decisions made by Saudi […]
Euro Hovers Near 1.0950 Ahead of US NFP Data Release
Euro Hovers Near 1.0950 Ahead of US NFP Data Release As the week draws to a close, the Euro (EUR) continues to trade in an uncertain manner against the US Dollar (USD), keeping the EUR/USD pair confined within a tight trading bracket around the 1.0950 mark. The uncertainty is mirrored in the USD Index (DXY), […]
Nasdaq 100 Futures Ascend as Investors Balance Big Tech Earnings
Nasdaq 100 Futures Ascend as Investors Balance Big Tech Earnings Nasdaq 100 futures saw a slight increase on Friday morning as investors closely analyzed the latest earnings reports from prominent technology companies ahead of a crucial employment report scheduled for release. Futures linked to the tech-heavy index rose by approximately 0.72%, while S&P 500 futures […]
GBP/JPY shows uncertainty in intraday direction, remaining above 182.00 prior to BoE announcement
GBP/JPY shows uncertainty in intraday direction, remaining above 182.00 prior to BoE announcement The GBP/JPY currency pair is currently displaying uncertainty in its intraday direction, maintaining a position just above the 182.00 mark as the Asian trading session unfolds this Thursday. Investors appear to be in a state of anticipation, awaiting the outcome of the […]
Asian Stock Market Continues Negative Trend
Asian Stock Market Continues Negative Trend Asian equity markets have been experiencing a continued negative trend recently, with several markets recording losses. The ripple effects of Fitch Ratings’ downgrade of the US government’s Long-Term Foreign Currency Issuer Default Rating from AAA to AA+ are becoming increasingly evident across global markets. This downgrade was due to […]
USD/CAD settles at 1.3350, a one-month high, as the Oil price and US Dollar weaken
USD/CAD settles at 1.3350, a one-month high, as the Oil price and US Dollar weaken The USD/CAD currency pair has stabilized around the 1.3350 mark, a significant one-month high, in a volatile market landscape where key US economic data is keenly anticipated. This relative steadiness is due to a mix of contributing factors, including the […]
BOJ’s Policy Adjustment Indicates No Departure from Ultra-Low Rates – Deputy Governor
BOJ’s Policy Adjustment Indicates No Departure from Ultra-Low Rates – Deputy Governor The Bank of Japan (BOJ) recently made changes to its bond yield control policy with the intention of ensuring the sustainability of its massive stimulus, rather than signaling an exit from ultra-low interest rates, according to Deputy Governor Shinichi Uchida. On Wednesday, Uchida […]
Manufacturing Sector Activity in the US Remained Weak in July
Manufacturing Sector Activity in the US Remained Weak in July Manufacturing activity in the United States remained weak in July, as indicated by the July ISM Manufacturing Index, which recorded a reading of 46.4. Although this was a slight improvement from June’s reading of 46.0, it fell short of the market’s expectation for a stronger […]
EUR/GBP Stalls Near 0.8600 Ahead of BoE Announcement with Mixed Sentiments
EUR/GBP Stalls Near 0.8600 Ahead of BoE Announcement with Mixed Sentiments EUR/GBP is currently facing a struggle to maintain its strength near the 0.8600 level, as it enters Wednesday’s London session. The cross-currency pair appears to be brushing off mixed Eurozone data, while at the same time validating concerns over the UK’s economic outlook, resulting […]
7 Powerful Bearish Candlestick Patterns
7 Powerful Bearish Candlestick Patterns Candlestick patterns play a crucial role in interpreting the market’s mood and predicting potential trend reversals. Savvy traders, especially those using one of the best ECN brokers like XtreamForex, know how to leverage these patterns for their gain. In particular, bearish candlestick patterns can signal an impending downtrend, providing an […]
The Dow futures remained unchanged, but Zoom witnessed a notable 17.1% drop
The Dow futures remained unchanged, but Zoom witnessed a notable 17.1% drop During Monday’s evening trading, U.S. stock futures experienced minimal movement, remaining within a narrow range, following moderate gains in major benchmark averages. Investors were focused on upcoming quarterly earnings reports scheduled for the week. By 7:15 pm ET (11:15 pm GMT), Dow Jones […]