WTI Holds Near Multi-Month High, Above $85 per Barrel
WTI Holds Near Multi-Month High, Above $85 per Barrel West Texas Intermediate (WTI) U.S. Crude Oil has exhibited signs of a bullish market, maintaining a strong position in a narrow trading range during Thursday’s Asian trading session. The commodity’s prices have been hovering just above the $85 mark, mirroring the stability seen at its highest […]
Kugler from the Fed Suggests Reducing Interest Rates in the Current Year May Be Suitable
Kugler from the Fed Suggests Reducing Interest Rates in the Current Year May Be Suitable Adriana Kugler, a Federal Reserve Governor, has indicated that the U.S. could see a reduction in inflation without a significant impact on employment or economic growth this year, paving the way for potential reductions in borrowing costs. This comes as […]
Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier Gains
Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier Gains As Tuesday’s trading session drew to a close, the Dow Jones Industrial Average (DJIA) experienced a shift back to negative territory, marking a notable development in the U.S. stock market. This change in trajectory for the DJIA was primarily influenced by the latest data indicating […]
10 Ways to Quickly Improve Your Online Forex Trading
10 Ways to Quickly Improve Your Online Forex Trading If you’re aiming to enhance your skills in online forex trading, you’ve come to a great starting point. At Xtreme Markets, we are dedicated to empowering our clients with the knowledge and tools for successful trading. Thus, here’s a guide on 10 effective ways to improve […]
USD/CAD Nears 1.3560, Drops Due to Rising Crude Oil Prices
USD/CAD Nears 1.3560, Drops Due to Rising Crude Oil Prices The USD/CAD currency pair continues its downward trajectory for the second consecutive day, inching closer to 1.3560 in the Asian trading session on Wednesday. This negative movement is primarily influenced by the robust performance of Crude oil prices, which bolsters the Canadian Dollar (CAD), thereby […]
Australian Dollar’s Gains Limited by Stronger US Dollar, Awaiting ISM PMI
Australian Dollar’s Gains Limited by Stronger US Dollar, Awaiting ISM PMI On Monday, the Australian Dollar (AUD) showed signs of recovery, offsetting some of its recent losses. This upward movement appears to have been driven, in part, by encouraging Purchasing Managers Index (PMI) data from China, suggesting a positive outlook for the Australian economy due […]
China’s Industrial Revival Signals Further Economic Rebound
China’s Industrial Revival Signals Further Economic Rebound China’s manufacturing activity exceeded expectations in March, signaling a promising path towards the country’s ambitious 5% growth target for the year. The Caixin manufacturing purchasing managers’ index (PMI) climbed to 51.1, marking a fifth consecutive month of expansion and the longest streak in over two years. The government’s […]
NZD/USD Nears 0.5980 Amid Fed’s Powell Dovish Remarks, Eyes on US ISM PMI
NZD/USD Nears 0.5980 Amid Fed’s Powell Dovish Remarks, Eyes on US ISM PMI The NZD/USD currency pair has continued its upward trajectory for the second straight day, making notable gains during Monday’s Asian trading session and approaching the 0.5980 mark. This upward movement comes in the wake of dovish statements from Federal Reserve Chairman Jerome […]
WTI Slips to Near $81.50 Amid Fed’s Hawkish Remarks, Unexpected Rise in US Crude Inventories
WTI Slips to Near $81.50 Amid Fed’s Hawkish Remarks, Unexpected Rise in US Crude Inventories Western Texas Intermediate (WTI), the benchmark for US crude oil, saw its prices hovering around $81.50 on Wednesday. This downward shift is attributed to the strengthening of the US Dollar (USD) and an unexpected increase in U.S. crude and gasoline […]
New Zealand Business Confidence Drops Amid Weakening Activity, Survey Indicates
New Zealand Business Confidence Drops Amid Weakening Activity, Survey Indicates In March, New Zealand’s business landscape faced a notable dip in confidence, according to an ANZ Bank survey. The findings indicated a downward trend in activity indicators and a marginal decrease in inflation pressures. This shift reflects a more cautious outlook among businesses regarding the […]
ASX 200 Nears 7,900 Amid Improved Market Sentiment, Anticipating RBA Rate Cuts
ASX 200 Nears 7,900 Amid Improved Market Sentiment, Anticipating RBA Rate Cuts The Australian Securities Exchange (ASX) 200 Index has marked a significant uptick, approaching the 7,900 mark with a 0.26% rise on Thursday. This growth propels the index to new record heights, reflecting a positive shift in market sentiment. Key to this upward trend […]
Potential Intervention Threatens Traders with Significant Yen Option Wagers
Potential Intervention Threatens Traders with Significant Yen Option Wagers The upcoming expiry of nearly $3 billion in dollar-yen options is causing considerable unease among traders, as the Japanese currency reaches levels that could prompt government intervention. On Wednesday, the yen weakened to its lowest in about 34 years, hitting 151.97 against the dollar. This significant […]
GBP/JPY Drops Below Mid-191.00s Following BoJ’s Verbal Intervention
GBP/JPY Drops Below Mid-191.00s Following BoJ’s Verbal Intervention During the early hours of the European session on Wednesday, the GBP/JPY currency pair exhibited a downward trend, trading around 191.30 and breaking its two-day streak of gains. This shift in momentum comes as the Japanese Yen (JPY) begins to regain some of its recently lost ground, […]
Pressure on the Kiwi Persists with Recent Data Indicating Slowed Growth
Pressure on the Kiwi Persists with Recent Data Indicating Slowed Growth The start of the new week in global markets was notably subdued, lacking significant catalysts or news. This quietude follows a busy previous week filled with central bank meetings and important economic data from various developed nations. Last week’s key takeaway was the growing […]
Amid a Soaring Stock Market, India’s Consumer Stocks Gain 18% but Still Underperform
Amid a Soaring Stock Market, India’s Consumer Stocks Gain 18% but Still Underperform India’s booming economy is exhibiting a stark contrast between the ultra-wealthy and the middle class, a trend reflected in the stock market’s response to consumer and luxury goods. Despite impressive growth, consumer companies in sectors like toiletries and appliances are not keeping […]
Australian Dollar Falls as US Dollar Strengthens, Attention on Fed Chair Powell’s Speech
Australian Dollar Falls as US Dollar Strengthens, Attention on Fed Chair Powell’s Speech The Australian Dollar (AUD) faced a downturn for the second day in a row on Friday, influenced by the strengthening US Dollar (USD). This change in the currency market came in the wake of mixed signals from the US economic data. The […]
China Criticizes U.S. Subsidies and Tax Breaks for Local Chip Industry as Discriminatory
China Criticizes U.S. Subsidies and Tax Breaks for Local Chip Industry as Discriminatory China’s Ministry of Commerce (MOC) has recently expressed concerns over the United States’ approach to its domestic chip industry. The U.S. government has been actively supporting its chip sector with substantial subsidies and tax incentives, a move that, according to the MOC, […]
WTI Holds Modest Gains, Trading Above Mid-$81 with Bullish Outlook Intact
WTI Holds Modest Gains, Trading Above Mid-$81 with Bullish Outlook Intact On Thursday, during the Asian trading session, West Texas Intermediate (WTI) US Crude Oil prices experienced a notable upturn, attracting buyers and reversing some of the downward movement seen the previous day. The commodity is currently trading around the $81.70 region, maintaining proximity to […]