EUR/USD Declines for Third Consecutive Day Ahead of Fed Rate Decision
EUR/USD Declines for Third Consecutive Day Ahead of Fed Rate Decision The EUR/USD experienced its third consecutive day of losses on Tuesday as market sentiment soured following the European Union parliamentary elections. The elections resulted in a significant shift towards center-right and far-right parties, with European voters showing strong support for these groups. Meanwhile, left-leaning […]
8 Reasons You Should Learn To Read Price Action
8 Reasons You Should Learn To Read Price Action If you’re looking to enhance your trading skills, learning to read price action is essential. Price action trading allows you to make informed decisions based on the actual price movements on the chart, rather than relying solely on technical indicators. At Xtreme Markets, we believe that […]
Yen Nears Intervention Threshold as BOJ Meeting Begins
Yen Nears Intervention Threshold as BOJ Meeting Begins Yen traders are on edge as they recall September 2022, when Japan intervened to support its faltering currency following a central bank decision that maintained an easy monetary policy. The situation today sees the yen considerably weaker than last year, compounded by the fact that US interest […]
Yuan’s Global Expansion Efforts Face Domestic Setback
Yuan’s Global Expansion Efforts Face Domestic Setback As Chinese leader Xi Jinping pushes to enhance the yuan’s role in global trade and finance, he faces resistance from an unexpected quarter: mainland companies. Recent data from the People’s Bank of China (PBOC) indicates that corporate leaders are hesitant to convert their foreign-exchange earnings into the local […]
Trading Stocks Vs Forex: Which Market is Right for You
Trading Stocks Vs Forex: Which Market is Right for You When you’re thinking about where to invest your money, you might be wondering whether to choose stock trading or forex trading. Both options have their own unique features and can be good choices, depending on what you’re looking for. Let’s break down the differences between […]
UK Industrial Action Seen as Minor Hurdle by Investors Anticipating Economic Resilience
UK Industrial Action Seen as Minor Hurdle by Investors Anticipating Economic Resilience Optimism in UK economic resilience is growing among investors, as they show increased confidence in UK assets, from currency to equities, despite facing natural disasters and labor strikes. Analysts have heightened their growth projections, with Goldman Sachs Group Inc. and Bloomberg Economics starting […]
WTI Stays Under $73 Amid Positive Outlook Despite Houthi Vessel Attacks
WTI Stays Under $73 Amid Positive Outlook Despite Houthi Vessel Attacks West Texas Intermediate (WTI) crude oil prices are grappling to push past the $73 mark, managing to hover around $72.80 per barrel during Asian trading hours on Tuesday. The market’s buoyancy, despite downward pressures, is partly due to geopolitical tensions that have heightened concerns […]
G20 Trade Policies Tighten as Trade Growth Slows
G20 Trade Policies Tighten as Trade Growth Slows The World Trade Organization (WTO) has flagged a shift toward more restrictive trade practices among G20 nations, with their 30th monitoring report highlighting an increase in trade barriers from mid-May to mid-October 2023. Despite these measures, the value of trade facilitated by G20 still outstrips that affected […]
Alphabet’s Stock Surges Due to AI
Alphabet’s Stock Surges Due to AI Alphabet Inc., the parent company of the search engine behemoth Google, has been making headlines with its stock (NASDAQ: GOOGL)(NASDAQ: GOOG) experiencing a notable surge, closing Monday’s trading session with a 2.4% increase, as reported by S&P Global Market Intelligence. This uptick is part of a larger trend within […]
Japanese Yen Fluctuates Against USD, Maintains Bullish Outlook
Japanese Yen Fluctuates Against USD, Maintains Bullish Outlook Amid a backdrop of fluctuating market signals, the Japanese Yen (JPY) displayed volatility against the US Dollar (USD) during Tuesday’s Asian trading session. Despite occasional gains and minor losses, the currency pair could not find a clear direction. Market participants are weighing various factors, including the Bank […]
US Treasury yields approach two-month lows amid accumulating signs of an economic slowdown
US Treasury yields approach two-month lows amid accumulating signs of an economic slowdown U.S. Treasury yields neared their lowest in two months on Thursday following a report that indicated a larger-than-anticipated rise in weekly jobless claims. This development strengthens the belief that the Federal Reserve may not be inclined to increase interest rates further to […]
USD/JPY dips below 150.50 amid cautious market mood, upcoming US housing data
USD/JPY dips below 150.50 amid cautious market mood, upcoming US housing data The USD/JPY currency pair continues its descent, now slipping below the 150.50 mark, amidst a broader context of market wariness and the anticipation of forthcoming U.S. housing sector data. This downward movement is part of a trend that’s been observed for two consecutive […]
GBP/JPY Nears Multi-Year Peak, Over 188 Before UK Inflation Data
GBP/JPY Nears Multi-Year Peak, Over 188 Before UK Inflation Data As the British Pound to Japanese Yen (GBP/JPY) exchange rate hovers around a significant peak, surpassing the 188.00 threshold, market participants are keenly awaiting the upcoming UK inflation data with a sense of cautious optimism. The currency pair has demonstrated a resilient uptrend, garnering buying […]
XAG/USD Vulnerable, Aiming for $22.20-$22.10 Retest
XAG/USD Vulnerable, Aiming for $22.20-$22.10 Retest Silver witnessed a fleeting upward movement during the Asian trading session, attempting to breach the pivotal $23.00 level. However, this surge was short-lived, with silver unable to maintain the momentum required to sustain a position above this critical threshold. Delving into the intricacies of this price action, the breach […]
Yuan Hits Weakest Level Since December 2007 Amid Outflow Pressure
Yuan Hits Weakest Level Since December 2007 Amid Outflow Pressure The Chinese yuan has found itself in a challenging position, hitting its lowest level since December 2007. The primary factors contributing to this depreciation are capital outflow pressures and the yield gap compared to major economies like the United States. As a result, the yuan […]
US Markets See Lower Close in Quiet Trading; Big Tech Pullback Impacts Nasdaq
US Markets See Lower Close in Quiet Trading; Big Tech Pullback Impacts Nasdaq US indices showed varied performance in a subdued trading session. The Nasdaq index experienced a decline of over 1% as Big Tech companies retreated, making it the poorest-performing index of the day. Tesla shares took a significant hit, falling by 6% following […]
RBA Board Hikes the Cash Rate by 0.25%
RBA Board Hikes the Cash Rate by 0.25% Choosing to raise is the better policy option, even if it is not consistent with our interpretation of the implicit guidelines. The Reserve Bank Board raised the policy rate by another 0.25% at its May meeting, bringing the policy rate to 3.85%. The decision came as a […]
US Dollar strength weighs on Gold price
US Dollar strength weighs on Gold price Gold is struggling to capitalise on Friday’s modest rise from the $1.970 region and is coming under selling pressure on the first day of the new week. The XAU/USD pair is trading around the $1.977 level during the Asian session, remaining within striking distance of a two-week low […]