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 understanding price action can significantly improve your trading performance, […]
Australian Dollar Gains Ahead of Fed Rate Decision
Australian Dollar Gains Ahead of Fed Rate Decision The Australian Dollar (AUD) has seen a slight recovery driven by a potential shift towards risk-on sentiment among investors. Despite this uptick, the AUD/USD pair encountered downward pressure in the early trading hours on Wednesday. This movement followed the release of the AiG Industry Index, which indicated […]
Powell Expected to Indicate Rate Cuts Hinge on Further Inflation Reduction
Powell Expected to Indicate Rate Cuts Hinge on Further Inflation Reduction Following three consecutive inflation reports that exceeded expectations, Federal Reserve officials have become increasingly cautious about the likelihood of interest rate cuts this year. As they conclude their latest policy meeting on Wednesday, the focus is on whether they will continue to anticipate any […]
USD/CAD Rises Above 1.3750 as Markets Await Fed Rate Decision
USD/CAD Rises Above 1.3750 as Markets Await Fed Rate Decision The USD/CAD currency pair was trading positively around 1.3778 on Wednesday during the early trading hours in Asia. The pair gained strength, influenced by weaker economic indicators from Canada and a robust US Dollar. Specifically, Canada’s Gross Domestic Product (GDP) for February underperformed expectations, growing […]
Gold Price Sees Modest Losses, Downside Limited Before FOMC
Gold Price Sees Modest Losses, Downside Limited Before FOMC Gold prices (XAU/USD) are slightly lower in Tuesday’s Asian trading session but remain within the trading range established over the past week. This stability follows the release of the US Personal Consumption Expenditures (PCE) Price Index on Friday, which solidified expectations that the Federal Reserve (Fed) […]
Japanese Yen Defensive, Holds 157.00 Against USD Before US Data
Japanese Yen Defensive, Holds 157.00 Against USD Before US Data The Japanese Yen (JPY) continues to struggle against the US Dollar (USD) in Tuesday’s Asian trading session, moving further away from its one-week peak of the mid-154.00s reached on Monday. Despite potential intervention from Japanese authorities and speculation about policy adjustments, the Bank of Japan’s […]
Japan Drives Asian Stocks Up, China PMI Steady
Japan Drives Asian Stocks Up, China PMI Steady Asian stock markets saw gains on Tuesday, with Japan taking the lead, as recent Chinese economic data indicated sustained recovery in the world’s second-largest economy. Japanese and Hong Kong indices climbed, while Chinese mainland shares showed mixed responses after reports of continued growth in factory activities. Meanwhile, […]
Australian Dollar Gains Despite Weak US Dollar
Australian Dollar Gains Despite Weak US Dollar The Australian Dollar (AUD) extended its recent gains on Monday, maintaining its position around the three-week peak of 0.6560. This upward trend began on April 22, largely driven by increasing hawkish expectations for the Reserve Bank of Australia (RBA) following last week’s higher-than-expected CPI inflation data. Warren Hogan, […]
Japan, EU Strengthen Economic Security, Lessen Reliance on China
Japan, EU Strengthen Economic Security, Lessen Reliance on China Japan and the European Union are set to enhance their cooperation on economic security, focusing on improving the resilience of supply chains for critical materials like semiconductors. This decision emerges as both parties seek to decrease their reliance on specific countries, notably China. The leaders plan […]
USD/CAD Drops Below 1.3650 Amid Weaker US Dollar
USD/CAD Drops Below 1.3650 Amid Weaker US Dollar The USD/CAD currency pair experienced a dip to 1.3645 during the early European trading hours on Monday, marking its lowest point in nearly three weeks. This decline was primarily driven by a weakening US Dollar (USD), which continues to be the dominant force influencing the pair, especially […]
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 with the most accessible pairs. Here are […]
Australian Dollar Rises Amid Hawkish RBA Sentiment
Australian Dollar Rises Amid Hawkish RBA Sentiment The Australian Dollar (AUD) marked its fifth consecutive session of gains against the US Dollar (USD) on Friday, buoyed by increasing expectations of a hawkish monetary policy from the Reserve Bank of Australia (RBA). This outlook was further supported by TD Securities’ revised forecast, which pushed back the […]
Tokyo Inflation Slows Again, Falls Below BOJ Target
Tokyo Inflation Slows Again, Falls Below BOJ Target In Tokyo, core inflation decelerated for the second consecutive month in April, dropping below the Bank of Japan’s (BOJ) 2% target. This trend emerged just before the BOJ concluded its two-day policy meeting, where it was anticipated that interest rates would remain unchanged and new inflation forecasts […]
EUR/JPY Rises Above 167.50 After BoJ Rate Decision
EUR/JPY Rises Above 167.50 After BoJ Rate Decision The EUR/JPY currency pair soared to its highest level since 2008, reaching 167.20 during the Asian trading session on Friday. This significant rise is largely attributed to the depreciation of the Japanese Yen (JPY) following the Bank of Japan’s (BoJ) latest policy announcement.In its April meeting, the […]
Gold Price Steady Above $2,300, Awaits US Data
Gold Price Steady Above $2,300, Awaits US Data During the Asian trading session on Thursday, the price of gold (XAU/USD) continued its steady movement, maintaining a position above the $2,300 mark. Investors are currently in a holding pattern, awaiting further indications regarding the Federal Reserve’s (Fed) potential path on interest rate cuts before making any […]
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 […]
Apple’s Market Lead in China Slips as Q1 Shipments Drop 6.6%
Apple’s Market Lead in China Slips as Q1 Shipments Drop 6.6% Apple has been dethroned as the leading smartphone seller in China during the first quarter of 2024, according to preliminary data released by research firm IDC on Thursday. The company saw its smartphone shipments decline by 6.6% compared to the same period last year, […]
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 of a Forex Trading Mentor Navigating the […]