How to Set Effective Goals for Your Forex Trading Journey
How to Set Effective Goals for Your Forex Trading Journey Entering the world of Forex trading opens doors to the dynamic global exchange of national currencies. As the largest and most liquid asset market in the world, Forex trading offers immense opportunities for growth. However, success in this field doesn’t rely on luck—it requires strategy, […]
The Role of Technical Analysis in Trading Major Forex Pairs
The Role of Technical Analysis in Trading Major Forex Pairs In forex trading, a solid understanding of major currency pairs is key for traders. Pairs like EUR/USD, GBP/USD, USD/JPY, and USD/CHF are among the most actively traded and hold great significance. Due to their high volume, these pairs offer enhanced liquidity and market efficiency. To […]
Understanding Pips and Pip Value Calculation in Forex Trading
Understanding Pips and Pip Value Calculation in Forex Trading In the forex market, currency pairs are quoted with decimal points to reflect the precise exchange rate between two currencies. This system allows traders to track even the smallest price movements in the market. What is a Pip in Forex Trading? A pip, short for “percentage […]
Forex Fundamental Analysis: An Introduction
Forex Fundamental Analysis: An Introduction Forex fundamental analysis is a crucial method for understanding currency pairs and their true valuation in the market. This type of analysis focuses on the broader economic picture, examining key indicators such as interest rates, employment rates, GDP, international trade, and manufacturing. By evaluating these factors, traders can better understand […]
Top Currency Pairs to Trade for Beginners
Top Currency Pairs to Trade for Beginners Starting out in the Forex market can seem daunting, but choosing the right currency pairs can make it much simpler. For beginners, some pairs are more suitable because they are traded more often and are generally more stable. At Xtreme Markets, we always advise our clients to begin […]
Forex Trading Mentor To Help Learn Forex
Forex Trading Mentor To Help Learn Forex Starting your journey in Forex trading can seem complex and intimidating, especially given the vastness and fast pace of the forex markets. Fortunately, having a Forex trading mentor can be an invaluable asset. They can simplify the learning process and increase your chances of success. Understanding the Value […]
EUR/USD Stays Above 1.0650 as US Dollar Faces Fresh Sell-Off
EUR/USD Stays Above 1.0650 as US Dollar Faces Fresh Sell-Off The EUR/USD currency pair saw a modest increase, reaching 1.0672 in Thursday’s early Asian trading session. This rise was supported by a combination of renewed selling pressure on the US Dollar and a generally risk-acceptant market atmosphere. Key economic indicators set to be released later […]
USD/CAD Drops as US Dollar Weakens and Oil Prices Fall
USD/CAD Drops as US Dollar Weakens and Oil Prices Fall The USD/CAD currency pair ended its five-day rally, settling at around 1.3820 during the Asian trading session on Wednesday. This shift was primarily due to a modest correction in the US Dollar (USD), which exerted downward pressure on the pair. Despite this, declining crude oil […]
8 Powerful Forex Trading Strategies for Consistent Profits
8 Powerful Forex Trading Strategies for Consistent Profits Forex trading can be an exhilarating and potentially lucrative activity. However, like any financial market, it demands skill, patience, and robust strategies. At Xtreme Markets, we are well-aware of both the challenges and opportunities that exist within the forex market. Consequently, here are eight powerful forex trading […]
Japanese Yen Nears Record Low Against USD, Remains Vulnerable
Japanese Yen Nears Record Low Against USD, Remains Vulnerable The Japanese Yen (JPY) is continuing to struggle against the US Dollar (USD), staying near a 34-year low during Tuesday’s Asian trading session. This persistent weakness is linked closely to expectations around interest rates set by the central banks of Japan and the United States. The […]
EUR/USD Drops Near 1.0600 as Fed Rate Hike Expectations Grow
EUR/USD Drops Near 1.0600 as Fed Rate Hike Expectations Grow EUR/USD has dropped to near 1.0610, marking its sixth consecutive session of decline, amid trading in the Asian markets on Tuesday. The strong US Dollar, buoyed by rising US Treasury yields and solid retail sales data, is applying pressure on the Euro. The US Dollar […]
NZD/USD Holds Near 0.5950 as Business NZ PSI Enters Contraction
NZD/USD Holds Near 0.5950 as Business NZ PSI Enters Contraction The NZD/USD has made a slight recovery from its five-month trough of 0.5927, observed on Monday, stabilizing around 0.5950 in the Asian trading session. This modest rebound occurs amidst a backdrop of economic concerns as New Zealand’s services sector reenters contraction territory. The Business NZ […]
China’s March CPI Inflation Eases to 0.1%, Below 0.4% Forecast
China’s March CPI Inflation Eases to 0.1%, Below 0.4% Forecast In March, China’s Consumer Price Index (CPI) experienced a marginal year-over-year increase of 0.1%, a notable deceleration from the 0.7% growth observed in February. This rise fell short of market predictions, which had anticipated a 0.4% increase. The slowdown in CPI growth is a significant […]
Dollar Strengthens, Yen Weakens as Bets on Fed Rate Cut Decline
Dollar Strengthens, Yen Weakens as Bets on Fed Rate Cut Decline On Thursday, the U.S. dollar exhibited robustness following the release of U.S. inflation data that surpassed expectations. This data dampened the previously held anticipation of the Federal Reserve commencing its rate-cutting cycle as early as June. Meanwhile, the yen experienced a significant decline, dropping […]
USD/CHF Rises Above 0.9100 Before US PPI Data
USD/CHF Rises Above 0.9100 Before US PPI Data In the early European session on Thursday, the USD/CHF currency pair exhibited a bullish momentum, climbing to 0.9125, marking its highest level since October 2023. This upward trend in the pair is primarily attributed to the unexpectedly high U.S. inflation figures for March, which have led investors […]
Xi’s Ambiguous Remarks Suggest PBOC Moving Toward Fed’s Model
Xi’s Ambiguous Remarks Suggest PBOC Moving Toward Fed’s Model In a recently publicized speech, Chinese President Xi Jinping hinted at a potential shift in the nation’s monetary policy, suggesting the People’s Bank of China (PBOC) might start trading government bonds to manage market liquidity. This move aligns with strategies used by major central banks like […]
Major Currency Pairs Remain Stable Before Crucial US Economic Data Release
Major Currency Pairs Remain Stable Before Crucial US Economic Data Release Throughout the latter half of the week, major currency pairs have been exhibiting fluctuations within narrow margins. Following a slight downturn on Wednesday, the US Dollar (USD) Index has maintained a subdued profile, hovering just below the 103.00 mark in Thursday’s European morning. Market […]
Forex Spreads Trading Strategies and Tips
Forex Spreads Trading Strategies and Tips Navigating the forex market requires a solid grasp of various trading strategies, and understanding forex spreads is critical for any trader looking to make a profit. Forex spreads, the difference between the bid and ask price of a currency pair, is essential in calculating the cost of trades. In […]