Crypto Community Responds to BRICS’ Consideration of Stablecoin for Trade Settlement
Crypto Community Responds to BRICS’ Consideration of Stablecoin for Trade Settlement BRICS is stepping up its efforts to lessen its dependence on the US dollar by exploring the creation of a stablecoin for international trade. This initiative, highlighted by Russian Deputy Foreign Minister Sergei Ryabkov, aims to unify the financial systems of BRICS nations—Brazil, Russia, […]
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 […]
AUD/JPY Rises on Strong Australian Consumer Inflation Data
AUD/JPY Rises on Strong Australian Consumer Inflation Data The AUD/JPY currency pair continues its upward trajectory for the third consecutive day, recovering from initial losses earlier on Wednesday. This rally is supported by the release of unexpectedly strong Consumer Price Index (CPI) data by the Australian Bureau of Statistics (ABS), which significantly influences the Reserve […]
Best 7 Reasons To Start Forex Trading Today
If you’re looking for a way to diversify your investment portfolio or simply want to try something new, Forex trading might just be the ticket. Here’s why starting your Forex trading journey today could be a great decision, especially with a broker like Xtrememarkets. 1. Accessibility Forex trading is highly accessible. You don’t need a […]
XAG/USD Dips Below $27.00 as Risk Appetite Grows
XAG/USD Dips Below $27.00 as Risk Appetite Grows Silver prices (XAG/USD) softened for a second day, hovering around $26.95 during the early European session on Tuesday. The market’s improved sentiment, driven by reduced fears of escalating Middle East conflicts, is dampening demand for the metal known for its safe-haven allure. Investors are also cautious, opting […]
Japan’s Finance Minister Vows Collaboration Against Extreme FX Fluctuations
Japan’s Finance Minister Vows Collaboration Against Extreme FX Fluctuations On Tuesday, April 23, Japanese Finance Minister Shunichi Suzuki provided insights into the outcomes of a recent trilateral meeting with U.S. and South Korean finance leaders, highlighting strategic preparations Tokyo is making to counteract undue fluctuations in the yen’s value. Suzuki expressed concerns in parliament about […]
UBS Upgrades Chinese Stocks to Overweight
UBS Upgrades Chinese Stocks to Overweight UBS Group AG has upgraded its rating for a prominent Chinese stock index to overweight, indicating a renewed confidence in the market’s recovery prospects. This upgrade, described as a rare and optimistic move in 2024, reflects UBS’s positive stance on the financial health and earnings potential of China’s largest […]
Yen Nears Multi-Decade Low, Targets 155.00 Before BoJ Meeting
Yen Nears Multi-Decade Low, Targets 155.00 Before BoJ Meeting The Japanese Yen (JPY) is currently facing significant pressure against the U.S. Dollar (USD), lingering near a multi-decade trough as Monday’s European trading session gets underway. This downward trend in the Yen is being driven by a combination of factors including market speculation about the Bank […]
Global Instability Overshadows Budget Projections
Global Instability Overshadows Budget Projections Amid rising tensions in the Middle East and growing concerns about China’s economic slump, Australia has adjusted its international economic outlook, according to Treasurer Jim Chalmers. As the government prepares for the upcoming May budget, these modifications reflect a broader apprehension about a fraught and fragile global scenario. In a […]
USD/CHF Rises Above 0.9100 on Hawkish Fed Comments
USD/CHF Rises Above 0.9100 on Hawkish Fed Comments The USD/CHF currency pair exhibited strength on Monday morning during the early European trading hours, buoyed by a shift in market sentiment concerning the U.S. interest rate outlook. Market participants are now anticipating fewer rate cuts from the Federal Reserve (Fed) this year, with expectations consolidating around […]
Japan’s March Core Inflation Decelerates, Weak Yen Challenges BOJ Policy Decisions
Japan’s March Core Inflation Decelerates, Weak Yen Challenges BOJ Policy Decisions In March, Japan witnessed a slowdown in core inflation and a significant index that tracks broader price trends dropped below 3 percent for the first time in more than a year, according to recent data. This development presents a new challenge for the Bank […]
Financial Markets Tense as Israeli Missiles Hit Iran
Financial Markets Tense as Israeli Missiles Hit Iran Risk-aversion has intensified across global financial markets following confirmed reports that Israeli missiles targeted a location in Iran, escalating geopolitical tensions in the Middle East. ABC News cited a US official verifying the missile strike which has heightened market anxiety about regional stability. Further reports from Reuters, […]
NZD/USD Stays Below 0.5900 Amid Risk-Off Mood, Rising US Dollar Demand
NZD/USD Stays Below 0.5900 Amid Risk-Off Mood, Rising US Dollar Demand The NZD/USD currency pair faced downward pressure, trading around 0.5880 in the early European session on Friday. The pair’s decline was influenced by a risk-off sentiment fueled by escalating tensions between Israel and Iran, which boosted the US Dollar’s appeal as a safe-haven currency. […]
Australian Dollar Nears Key Level as US Dollar Stays Weak
Australian Dollar Nears Key Level as US Dollar Stays Weak The Australian Dollar (AUD) has continued its upward trajectory for the second day in a row on Thursday, finding support from a weakening US Dollar (USD). Despite this, mixed signals from recent Australian employment data have placed some downward pressure on the AUD/USD exchange rate. […]
Australian Jobless Rate Rises to 3.8% as Employment Falls
Australian Jobless Rate Rises to 3.8% as Employment Falls In a surprising turn of events, Australian employment decreased in March, leading to a slight increase in the unemployment rate amidst ongoing restrictive monetary policy measures. The Australian economy lost 6,600 jobs, contrary to expectations of a 10,000 job increase, particularly after February’s significant growth of […]
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 […]
Top Benefits of the Forex Market Maker
When it comes to online forex trading, understanding the role of a forex market maker can significantly enhance your trading strategy. At Xtreme Markets, we aim to demystify how market makers operate and highlight the benefits they bring to traders like you. Here’s a closer look at the advantages of engaging with a forex market […]
Japan’s Exports Rise for Fourth Straight Month on Strong China Demand
Japan’s Exports Rise for Fourth Straight Month on Strong China Demand Japan’s exports rise for the fourth consecutive month, spurred by a weakening yen and robust demand from China, despite weaker domestic consumption. According to a report from the Finance Ministry, exports increased by 7.3% in March year-over-year, a slight slowdown from February’s 7.8% growth. […]