EUR/USD slips below mid-1.0800s ahead of Eurozone CPI and US PCE Price Index
EUR/USD slips below mid-1.0800s ahead of Eurozone CPI and US PCE Price Index The EUR/USD pair faltered just before dawn, slipping below the mid-1.0800s. The numbers showed a partial retreat from yesterday’s high near 1.0870—a figure that hadn’t been seen in over a week and a half. Buyers had slowed, and the dollar, never one […]
The Role of Technical Analysis in Trading Major Forex Pairs
The Role of Technical Analysis in Trading Major Forex Pairs In forex trading, a solid understanding of major currency pairs is key for traders. Pairs like EUR/USD, GBP/USD, USD/JPY, and USD/CHF are among the most actively traded and hold great significance. Due to their high volume, these pairs offer enhanced liquidity and market efficiency. To […]
NZD/USD Holds Below 0.6000 on Dovish RBNZ Outlook, US GDP Data Awaited
NZD/USD Holds Below 0.6000 on Dovish RBNZ Outlook, US GDP Data Awaited The NZD/USD pair remains under pressure near 0.5970 during the Asian session on Wednesday, weighed down by the Reserve Bank of New Zealand’s (RBNZ) dovish outlook. Market participants are now looking ahead to key US data, including the third-quarter GDP report and ADP […]
Japanese Yen Struggles as BoJ Decision Looms; US Data in Focus
Japanese Yen Struggles as BoJ Decision Looms; US Data in Focus The Japanese Yen (JPY) edged higher against the US Dollar during the Asian session on Wednesday, but gains remain limited as the currency hovers near a three-month low. Concerns that Japanese authorities may intervene to support the Yen lend it some resilience; however, uncertainty […]
EUR/USD Falls Near 1.0800 Ahead of Key Eurozone and German GDP Data
EUR/USD Falls Near 1.0800 Ahead of Key Eurozone and German GDP Data EUR/USD slipped on Wednesday, trading around 1.0810 in the Asian session after two days of gains. The Euro faces downward pressure amid expectations that the European Central Bank (ECB) may cut its Deposit Facility Rate again. Current market predictions indicate a nearly 50% […]
Gold as a Strategic Investment: A Hedge, Diversifier, and Growth Asset
Gold as a Strategic Investment: A Hedge, Diversifier, and Growth Asset Gold has long been seen as a foundation of financial stability, offering investors protection against inflation and enhancing portfolio diversification. From beginners to seasoned traders, interest in gold remains robust across a range of strategies, including trading gold futures, spot gold, and Gold ETFs. […]
WTI Drops Near $67.50 as Middle East Risk Premium Eases
WTI Drops Near $67.50 as Middle East Risk Premium Eases West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.55 on Tuesday, with prices falling as concerns over a major Middle Eastern conflict diminish. This decline follows Israel’s recent military strikes on Iran’s installations, which avoided oil or nuclear sites, signaling limited […]
Gold Price Holds Steady Near Record High, Awaits US Macro Data for Direction
Gold Price Holds Steady Near Record High, Awaits US Macro Data for Direction Gold price (XAU/USD) remains robust as it approaches the European session on Tuesday, trading just above the $2,750 mark and close to last week’s all-time high. Geopolitical risks and political uncertainties in the US continue to boost demand for the safe-haven metal. […]
EUR/USD Price Analysis: Holding Above 1.0800, Testing the Descending Channel’s Upper Boundary
EUR/USD Price Analysis: Holding Above 1.0800, Testing the Descending Channel’s Upper Boundary The EUR/USD pair has eased back from its recent gains, trading near 1.0810 in the Asian session on Tuesday. On the daily chart, the pair is currently testing the upper boundary of the descending channel, hinting at a potential reinforcement of a bearish […]
Japanese Yen Faces Selling Pressure Amid Political and Economic Uncertainty
Japanese Yen Faces Selling Pressure Amid Political and Economic Uncertainty The Japanese Yen (JPY) faces challenges to start the week as market participants digest the implications of Japan’s general election results. Meanwhile, the only data on the U.S. docket is the Federal Reserve Bank of Dallas’ Texas Manufacturing Business Index for October. Later in the […]
Australian Dollar Declines Amid Market Caution
Australian Dollar Declines Amid Market Caution The Australian Dollar (AUD) edged lower against the US Dollar (USD) on Thursday, though the AUD/USD pair experienced minor gains as the USD softened slightly with a modest dip in US Treasury yields. The AUD might find some support from the hawkish tone surrounding the Reserve Bank of Australia […]
EUR/USD Steady Below 1.0800 Amid Speculation of a Less Dovish Fed Stance
EUR/USD Steady Below 1.0800 Amid Speculation of a Less Dovish Fed Stance The EUR/USD pair remains stable around 1.0790 during Monday’s Asian trading hours, following previous session losses. However, it could face resistance from a strengthening U.S. Dollar (USD) as recent positive U.S. economic data fuels expectations for a potentially less dovish Federal Reserve (Fed) […]
How to Set Up or Customize MT4/5 Trading Platform on Your PC with XtremeMarkets
How to Set Up or Customize MT4/5 Trading Platform on Your PC with XtremeMarkets Upgrading your forex trading setup with MetaTrader 5 (MT5) can bring a professional edge to your strategy. Properly installing and customizing MT5 on your PC creates a clear and organized workspace, allowing you to make the most of your trading experience. […]
US Dollar Holds Steady Amid Correction, Market Focus Shifts to Key Mid-Tier Data
US Dollar Holds Steady Amid Correction, Market Focus Shifts to Key Mid-Tier Data The US Dollar (USD) maintains resilience against major counterparts early Friday after losing momentum on Thursday. European trading hours will center on Germany’s IFO business sentiment surveys, while later in the day, US data releases, including September Durable Goods Orders and the […]
Japanese Yen Recovery from Multi-Month Low Against USD Shows Limited Bullish Commitment
Japanese Yen Recovery from Multi-Month Low Against USD Shows Limited Bullish Commitment The Japanese Yen (JPY) has gained ground for a second consecutive day, rebounding from a recent multi-month low near 153.20 against the US Dollar (USD) reached earlier this week. This recovery follows verbal interventions by Japanese authorities, which have been instrumental in supporting […]
USD/CAD Nears Two-Month Highs at 1.3850 as Traders Turn Cautious Before US Election
USD/CAD Nears Two-Month Highs at 1.3850 as Traders Turn Cautious Before US Election The USD/CAD pair holds steady with two consecutive days of gains, trading around 1.3850 in Friday’s Asian session. This level sits close to Thursday’s two-month high of 1.3868. The US Dollar’s strength underpins the pair’s resilience, fueled by growing expectations that the […]
WTI Oil Rebounds to $71.50 Amid Rising Supply Concerns
WTI Oil Rebounds to $71.50 Amid Rising Supply Concerns West Texas Intermediate (WTI) Oil has rebounded from recent losses, trading around $71.60 per barrel during Thursday’s Asian session. This recovery is largely driven by concerns over potential supply disruptions due to the ongoing conflict in the Middle East. Tensions in the region continue to influence […]
Australian Dollar Holds Steady as US Dollar Softens Ahead of PMI Data
Australian Dollar Holds Steady as US Dollar Softens Ahead of PMI Data The Australian Dollar (AUD) strengthened against the US Dollar (USD) on Thursday, supported by the release of domestic Purchasing Managers Index (PMI) data. The AUD/USD pair moved higher as the USD experienced a slight dip, driven by a modest pullback in US Treasury […]