Euro/Pound Rises Above 0.8700, Focus on Eurozone and UK PMI Data
Euro/Pound Rises Above 0.8700, Focus on Eurozone and UK PMI Data The Euro/Pound (EUR/GBP) exchange rate has shown upward momentum, maintaining its climb above the 0.8700 mark for the second consecutive day amid early trading in the European markets on Thursday. The pair was spotted exchanging hands around the 0.8718 level, marking a modest increase […]
What is the Minimum Deposit to Get Started with Copy Trading?
In the fast-paced world of forex trading, beginners often seek ways to dive into the market without becoming experts overnight. Xtream Forex copy trading offers an innovative solution. With a minimum deposit of just 100 USD, this method opens the doors to the currency market for novices as well as seasoned traders. Simplicity at Its […]
ECB Highlights Potential Stability Risks from Bank Taxation Impacting Valuations
ECB Highlights Potential Stability Risks from Bank Taxation Impacting Valuations The European Central Bank (ECB) recently expressed concerns about the potential risks to financial stability arising from special taxes imposed on banks. According to an ECB report released on Monday, these taxes could lead to tighter financing conditions across the region, exacerbated by the low […]
Asian Markets Set to Reflect Downturn in US Indices Amid Hawkish Federal Reserve Outlook
Asian Markets Set to Reflect Downturn in US Indices Amid Hawkish Federal Reserve Outlook Asian stock markets are bracing for a potential downturn, shadowing the recent halt in the rally of US benchmarks. This shift in market sentiment is largely influenced by the Federal Reserve’s reaffirmed hawkish stance, as revealed in its latest meeting minutes. […]
EUR/USD Holds Steady Above 1.0900 Amid Mixed Market Signals
EUR/USD Holds Steady Above 1.0900 Amid Mixed Market Signals During Wednesday’s Asian trading session, the EUR/USD pair maintained its position above the 1.0900 mark, halting its previous day’s decline from a peak near 1.0965 – the highest since August 11. Currently hovering around 1.0915-1.0920, the pair shows a slight increase of under 0.10% for the […]
Gold Holds Near Two-Week High Ahead of FOMC Minutes
Gold Holds Near Two-Week High Ahead of FOMC Minutes Gold prices (XAU/USD) have shown robust gains on Tuesday, maintaining their strong performance near a two-week high during the early European session. The persistent weakening of the US Dollar (USD) is a key driver, fueled by growing expectations of a dovish stance from the Federal Reserve […]
Dollar Remains Weak Amid Expectations of U.S. Rates Peaking
Dollar Remains Weak Amid Expectations of U.S. Rates Peaking The dollar continued to weaken against major currencies, reaching multi-month lows on the euro and other currencies as investors anticipate declining U.S. interest rates in the coming year. In early Asian trading, the dollar index slipped below its 200-day moving average, extending its recent weakness. The […]
Asian Stocks Reach 2-Month High as Dollar Takes Defensive Stance Amid Fed View
Asian Stocks Reach 2-Month High as Dollar Takes Defensive Stance Amid Fed View Asian stocks reached a two-month high on Tuesday, mirroring gains on Wall Street, while the dollar remained weak due to expectations that the U.S. Federal Reserve has concluded its interest rate hike cycle. The MSCI’s broadest index of Asia-Pacific shares outside Japan […]
Pimco Invests in Yen Anticipating Stricter BOJ Policies
Pimco Invests in Yen Anticipating Stricter BOJ Policies Pacific Investment Management Co. (Pimco) is strategically purchasing Japanese yen, speculating that Japan’s central bank may soon implement tighter monetary policies due to rising inflation. The investment firm took a bullish stance on the yen, building up a long position as the currency’s value dipped beyond 140 […]
Xi Jinping’s Visit Aims to Fortify China-US Relations
Xi Jinping’s Visit Aims to Fortify China-US Relations The recent four-day visit by President Xi Jinping to San Francisco has marked a pivotal moment for Sino-American relations, fostering a more stable and cooperative engagement between the world’s two largest economies, particularly in the Asia-Pacific region. The visit included a series of over 10 significant bilateral […]
USD/CAD Stalls Above 1.3700; Focus on FOMC Minutes, Canadian CPI
USD/CAD Stalls Above 1.3700; Focus on FOMC Minutes, Canadian CPI The USD/CAD currency pair has shown a retreat for the second day running during the Asian trading session on Monday. This downtrend is primarily attributed to a softer US Dollar and a dip in the US Treasury bond yields, signaling a potential shift in market […]
Australian Dollar holds above key level before US housing data release
Australian Dollar holds above key level before US housing data release The Australian Dollar (AUD) continues to navigate through difficult market conditions, maintaining its stance above a significant threshold as it grapples with losses incurred on Friday. This comes in the wake of disappointing economic figures from the United States (US), which were publicized on […]
US Treasury yields approach two-month lows amid accumulating signs of an economic slowdown
US Treasury yields approach two-month lows amid accumulating signs of an economic slowdown U.S. Treasury yields neared their lowest in two months on Thursday following a report that indicated a larger-than-anticipated rise in weekly jobless claims. This development strengthens the belief that the Federal Reserve may not be inclined to increase interest rates further to […]
USD/JPY dips below 150.50 amid cautious market mood, upcoming US housing data
USD/JPY dips below 150.50 amid cautious market mood, upcoming US housing data The USD/JPY currency pair continues its descent, now slipping below the 150.50 mark, amidst a broader context of market wariness and the anticipation of forthcoming U.S. housing sector data. This downward movement is part of a trend that’s been observed for two consecutive […]
How To Choose The Best Forex Broker For Your Trading Strategy
Choosing the best forex broker for your trading strategy is a crucial decision for any trader. The forex market, with its vast liquidity and 24/5 operation, offers ample opportunities for trading. However, the success of your trading endeavors largely depends on the broker you choose. In this article, we will explore key factors to consider […]
Gold Price Rises to New Daily High Amid Weaker Risk Appetite, Upside Appears Capped
Gold Price Rises to New Daily High Amid Weaker Risk Appetite, Upside Appears Capped Gold prices have seen an uptick, reaching a new daily high as a cautious mood in the market tempers risk appetite, suggesting a limited potential for further increases. On Thursday, gold (XAU/USD) halted its pullback from highs around the $1,975-1.976 mark […]
Steady Growth in Australian Employment Accompanied by a Slight Rise in Unemployment Rates
Steady Growth in Australian Employment Accompanied by a Slight Rise in Unemployment Rates Despite a stronger-than-anticipated surge in employment for October, Australia has seen a slight uptick in its unemployment rate, suggesting that the Reserve Bank of Australia (RBA) may need to implement further measures to temper demand and curb inflationary pressures. The Australian economy […]
GBP/USD Stabilizes Above 1.2400 Amid Mixed Market Signals
GBP/USD Stabilizes Above 1.2400 Amid Mixed Market Signals The GBP/USD currency pair exhibits a steady stance above the 1.2400 level, navigating through a complex landscape of market signals and economic indicators. This stability comes after the pair recoiled from a near two-month high around the 1.2500 mark, following a setback from the 100-day Simple Moving […]