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. […]
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 […]