Gold Price Maintains Minor Gains Amid Uncertainty Over Fed’s Rate Decision
Gold Price Maintains Minor Gains Amid Uncertainty Over Fed’s Rate Decision On Tuesday, the price of gold (XAU/USD) saw a resurgence, gradually recovering from the near three-week low of around the $2,017-2,016 zone, which it had reached the day before. This rebound is primarily attributed to the recent decline in US Consumer Inflation Expectations, which […]
Australian Dollar’s Gains Reduced Amid Strengthening US Dollar, Attention on Australian CPI
Australian Dollar’s Gains Reduced Amid Strengthening US Dollar, Attention on Australian CPI The Australian Dollar (AUD) slightly reduced its intraday gains as the US Dollar began to recover its recent losses on Tuesday. The AUD/USD pair, however, is still finding support due to a general improvement in risk sentiment. This shift in mood is partly […]
Nikkei Index Temporarily Reaches Highest Point in 33 Years
Nikkei Index Temporarily Reaches Highest Point in 33 Years On Tuesday morning, the Nikkei Stock Average experienced a significant surge, reaching its highest session point in 33 years. This notable increase was primarily driven by the performance of technology stocks, which mirrored the upward trend observed in major tech companies in the United States. During […]
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 […]
Japanese Yen Holds Minor Gains Versus US Dollar, Bullish Momentum Limited
The Japanese Yen (JPY) has seen a slight uptick against the US Dollar (USD) as the new trading week commences, yet it continues to hover near a low not seen in over three weeks, a position established the previous Friday. Market participants are now increasingly of the view that the Bank of Japan (BoJ) may […]
GBP/USD Dips to Around 1.2710 Following Recent Rises Amid Better Risk Sentiment
GBP/USD Dips to Around 1.2710 Following Recent Rises Amid Better Risk Sentiment The British pound (GBP) retreated slightly to 1.2710 against the US dollar (USD) after recent gains bolstered by an improved risk appetite, halting its winning streak from Wednesday. This shift comes amidst mixed economic signals from the United States, affecting the USD’s performance […]
How to Read Candlestick Patterns in Forex
When it comes to online forex trading, understanding candlestick patterns is essential for traders looking to gauge market sentiment and make informed decisions. These patterns, which have been used since the 18th century in Japan, are now a fundamental aspect of technical analysis in the trading world, including platforms like Xtreamforex. This blog aims to […]
China’s Yuan Softens Versus Dollar Amid Growing Yield Gap
China’s Yuan Softens Versus Dollar Amid Growing Yield Gap The Chinese yuan weakened against the U.S. dollar, influenced by an increasing yield differential and diverging monetary policies from the U.S. Federal Reserve and the People’s Bank of China (PBOC), posing challenges for the currency. Since December 27, the spread between yields on China’s 10-year government […]
Markets Anticipate Further Decline in Yen Amid Revised Expectations for Fed and BOJ Policies
Markets Anticipate Further Decline in Yen Amid Revised Expectations for Fed and BOJ Policies The Japanese yen is expected to continue its decline as market sentiment shifts due to changing monetary policy forecasts in the United States and Japan. Speculative trading activity has shown a significant sell-off of the yen, with positions being the most […]
GBP/USD Ascends Towards 1.2700 Prior to US Nonfarm Payrolls Announcement
GBP/USD Ascends Towards 1.2700 Prior to US Nonfarm Payrolls Announcement The GBP/USD exchange rate has been on an upward trajectory, reaching heights around 1.2690, as market activities ramp up during the Friday Asian trading session. This marks the third consecutive day of gains for the Pound, which has benefited from a streak of favorable economic […]
WTI Nears $73.00 Amidst Rising Tensions in Israel-Gaza and Disruptions in Libya’s Oilfields
WTI Nears $73.00 Amidst Rising Tensions in Israel-Gaza and Disruptions in Libya’s Oilfields In recent developments during the Asian trading session, West Texas Intermediate (WTI) crude oil prices are trending upwards, nearing the $73.00 mark per barrel. This increase is largely attributed to a combination of geopolitical tensions and supply disruptions in key oil-producing regions. […]
Japanese Yen Continues Downward Trend Versus US Dollar, Reaching Almost Two-Week Low
Japanese Yen Continues Downward Trend Versus US Dollar, Reaching Almost Two-Week Low The Japanese Yen continued its downward spiral against the US Dollar, marking the third consecutive day of decline as it touched a new two-week low in the European trading session. The drop is attributed to several domestic and international factors exerting pressure on […]
Asian Markets Decline Following Federal Reserve Minutes, with China at the Forefront
Asian Markets Decline Following Federal Reserve Minutes, with China at the Forefront In the Asian financial markets, stocks experienced a downturn, with China’s market fragility contributing significantly to the cautious sentiment following revelations from the Federal Reserve’s meeting minutes. These minutes indicated a likelihood of persistently high interest rates, dampening investor enthusiasm. As this information […]
Top 10 Tips for Managing Risk in Forex Trading
Top 10 Tips for Managing Risk in Forex Trading In the exciting world of of Forex trading, managing risk is the cornerstone of a sustainable and profitable journey. As the market’s volatility dances to the global economic rhythm, traders, especially those engaging with an ECN Forex Broker like Xtreamforex, must strategize to safeguard their investments. […]
Australian Dollar Steadies Above Key Mark Before US PMI, FOMC Minutes
Australian Dollar Steadies Above Key Mark Before US PMI, FOMC Minutes The Australian Dollar (AUD) is navigating choppy waters, managing to hold above the crucial 0.6750 threshold against the US Dollar (USD). The AUD, tied closely to commodity markets, is under pressure from a global growth slowdown at 2024’s end, nudging investors towards the USD. […]
Dollar Starts 2024 at Peak Since March Amid Fed Policy Review
Dollar Starts 2024 at Peak Since March Amid Fed Policy Review The US dollar heralded the start of 2024 by recording its largest daily surge since March, as market participants scaled down their predictions regarding the Federal Reserve’s interest rate cuts for the year. On Tuesday, the Bloomberg Dollar Spot Index climbed over 0.7%, marking […]
EUR/GBP Stays Near 0.8670 Before German Employment Data Release
EUR/GBP Stays Near 0.8670 Before German Employment Data Release During the early European trading hours on Wednesday, the EUR/GBP pair is exhibiting a narrow trading pattern, oscillating between 0.8665 and 0.8675. Market participants are keenly awaiting the release of German employment statistics for December, with the unemployment rate projected to stabilize at 5.9%. As of […]
WTI Stays Guarded, Holding Above $72.00 During Sparse Holiday Trading Period
WTI Stays Guarded, Holding Above $72.00 During Sparse Holiday Trading Period Western Texas Intermediate (WTI), a key benchmark for U.S. crude oil, is hovering around $72.15, reflecting the market’s cautious stance in the waning days of the year. The slight dip in WTI prices is being influenced by a modest recovery in the U.S. Dollar […]