March Inflation Exceeds RBNZ Forecasts, Rent Prices Hit Record High Since 1999
March Inflation Exceeds RBNZ Forecasts, Rent Prices Hit Record High Since 1999 New Zealand’s annual inflation rate decreased to 4% in March from 4.7% in December, even as costs for rents, house construction, and council rates continued to rise, according to Statistics NZ. The Consumer Price Index (CPI) saw a marginal increase of 0.6% in […]
USD/CAD Drops as US Dollar Weakens and Oil Prices Fall
USD/CAD Drops as US Dollar Weakens and Oil Prices Fall The USD/CAD currency pair ended its five-day rally, settling at around 1.3820 during the Asian trading session on Wednesday. This shift was primarily due to a modest correction in the US Dollar (USD), which exerted downward pressure on the pair. Despite this, declining crude oil […]
8 Powerful Forex Trading Strategies for Consistent Profits
Forex trading can be an exhilarating and potentially lucrative activity. However, like any financial market, it demands skill, patience, and robust strategies. At Xtreme Markets, we are well-aware of both the challenges and opportunities that exist within the forex market. Consequently, here are eight powerful forex trading strategies and tips designed to help you secure […]
Gold Price Stays Under $2,400, Bullish Outlook Holds
Gold Price Stays Under $2,400, Bullish Outlook Holds Gold prices (XAU/USD) struggled to extend their recovery from a recent low of $2,325-2,324, hovering within a narrow range during Tuesday’s Asian trading session. Despite the lackluster performance, gold remained close to its all-time high set last Friday, supported by ongoing geopolitical tensions in the Middle East […]
Asian Markets and Currencies Tumble in Widespread Sell-off
Asian Markets and Currencies Tumble in Widespread Sell-off Asian stocks and currencies faced a sharp downturn as weakening momentum in China’s economy compounded fears stirred by high US interest rates and escalating tensions in the Middle East. The MSCI Asia Pacific Index recorded its most significant drop since August, marking widespread losses across all major […]
Japanese Yen Nears Record Low Against USD, Remains Vulnerable
Japanese Yen Nears Record Low Against USD, Remains Vulnerable The Japanese Yen (JPY) is continuing to struggle against the US Dollar (USD), staying near a 34-year low during Tuesday’s Asian trading session. This persistent weakness is linked closely to expectations around interest rates set by the central banks of Japan and the United States. The […]
China Sees Unexpected Industrial-Led Growth Surge
China Sees Unexpected Industrial-Led Growth Surge China reported higher-than-expected economic growth in the first quarter, with a 5.3% increase in GDP, surpassing previous quarters and expectations. However, this growth was mostly seen in the initial months, as evidenced by a slump in retail sales and a slowdown in industrial output in March, signaling potential difficulties […]
EUR/USD Drops Near 1.0600 as Fed Rate Hike Expectations Grow
EUR/USD Drops Near 1.0600 as Fed Rate Hike Expectations Grow EUR/USD has dropped to near 1.0610, marking its sixth consecutive session of decline, amid trading in the Asian markets on Tuesday. The strong US Dollar, buoyed by rising US Treasury yields and solid retail sales data, is applying pressure on the Euro. The US Dollar […]
How to Make Money Going Long or Short Selling in CFD Trading
Welcome to the world of CFD Trading! If you’re looking to understand how you can make money through either going long or short selling, you’ve come to the right place. Here, we’ll explore these concepts in a straightforward way, so you can get started with confidence. Plus, we’ll talk about how we at Xtreme Markets […]
Australian Dollar Nears Key Level Before US Retail Sales Data
Australian Dollar Nears Key Level Before US Retail Sales Data The Australian Dollar (AUD) saw a modest rebound on Monday, pulling away from its eight-week low of 0.6456 set last Friday. However, the AUD/USD pair faced resistance as traders gravitated towards the perceived safety of the US Dollar (USD) amid escalating tensions in the Middle […]
Japan’s Machinery Orders Surge, Potentially Easing Domestic Demand Worries
Japan’s Machinery Orders Surge, Potentially Easing Domestic Demand Worries In February, Japan’s crucial measure of capital investment, core machinery orders, saw its largest increase in a year, indicating a robust recovery from a decline the previous month. This uplift could help alleviate concerns about sluggish domestic demand amid fears over a weakening yen and rising […]
NZD/USD Holds Near 0.5950 as Business NZ PSI Enters Contraction
NZD/USD Holds Near 0.5950 as Business NZ PSI Enters Contraction The NZD/USD has made a slight recovery from its five-month trough of 0.5927, observed on Monday, stabilizing around 0.5950 in the Asian trading session. This modest rebound occurs amidst a backdrop of economic concerns as New Zealand’s services sector reenters contraction territory. The Business NZ […]
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 these two types of trading to help you decide which […]
WTI Remains Under $85.50 Amid Concerns Over Inflation
WTI Remains Under $85.50 Amid Concerns Over Inflation Western Texas Intermediate (WTI), the benchmark for U.S. crude oil, lingered around $85.00 per barrel on Friday, reflecting a subdued trading environment amid inflationary concerns. The price of WTI dipped slightly as expectations for imminent U.S. interest rate cuts diminished due to persistently high inflation rates. This […]
Solana’s MarginFi Faces Major Withdrawals Following CEO’s Resignation
Solana’s MarginFi Faces Major Withdrawals Following CEO’s Resignation In a dramatic series of events, MarginFi, a Solana-based borrowing and lending platform, has experienced substantial withdrawals amounting to over $260 million within just two days. This mass exodus was triggered by a public accusation from the staking protocol SolBlaze (BLZE) and compounded by the sudden resignation […]
European Stock Futures Rise, Gold Reaches New High
European Stock Futures Rise, Gold Reaches New High European stock futures advanced on Friday, contrasting with declines in Asian markets, as global investors responded to a diverse set of influences ranging from U.S. inflation data to geopolitical tensions in the Middle East. Concurrently, gold prices soared to a new high, touching nearly $2,400 an ounce, […]
Choosing the Right Copy Trading Platform
Copy trading has become a significant game changer in the world of online trading, particularly in forex markets. It allows individuals to mimic the trades of experienced and successful traders, potentially leading to significant profits. However, with a plethora of options available, selecting the right copy trading platform can be daunting. In this blog, we’ll […]
China’s March CPI Inflation Eases to 0.1%, Below 0.4% Forecast
China’s March CPI Inflation Eases to 0.1%, Below 0.4% Forecast In March, China’s Consumer Price Index (CPI) experienced a marginal year-over-year increase of 0.1%, a notable deceleration from the 0.7% growth observed in February. This rise fell short of market predictions, which had anticipated a 0.4% increase. The slowdown in CPI growth is a significant […]