Hopes of Interest Rate Peak Propel European Stocks Higher
Hopes of Interest Rate Peak Propel European Stocks Higher Optimism over a possible peak in interest rates has given European stocks a slight boost. On Tuesday, minor gains were noted across the European stock market due to traders’ anticipation that central banks would avoid triggering a recession by excessively hiking interest rates in their effort […]
Quiet Market Witnesses Low Trading Volumes Amid US National Holiday
Quiet Market Witnesses Low Trading Volumes Amid US National Holiday The global financial markets recently experienced low trading volumes, largely attributed to the US national holiday, Independence Day. This resulted in closed US cash markets and a significant number of investors taking extended weekends, further contributing to the low activity. In the UK, gilts experienced […]
With recovering oil prices and a struggling US Dollar, USD/CAD is declining towards 1.3200 before Canada’s PMI
With recovering oil prices and a struggling US Dollar, USD/CAD is declining towards 1.3200 before Canada’s PMI Amid the recovery in oil prices and ongoing struggles of the US Dollar, the USD/CAD pair is experiencing a downward trend, moving towards the 1.3200 mark ahead of the release of Canada’s PMI. The USD/CAD has slid to […]
How To Identify Trading Trends in Forex Market
How To Identify Trading Trends in Forex Market The foreign exchange market, popularly known as Forex, is a dynamic platform offering potentially lucrative opportunities. As one of the most active markets globally, it boasts an impressive daily trading volume that exceeds $6 trillion. A critical factor for attaining success in Forex trading is the capability […]
Nikkei Paces Asia in Market Gains, China Trails
Nikkei Paces Asia in Market Gains, China Trails Asian stock markets kicked off the week on a positive note, with Japan’s Nikkei Index spearheading the gains while China trailed. The surge in demand for tech stocks fuelled Japan’s market, as investors prepared for a week filled with data that will offer vital insights into the […]
DXY Falls Under 103.00 Amid Varied Sentiment, Anticipates Fed Minutes, US NFP
DXY Falls Under 103.00 Amid Varied Sentiment, Anticipates Fed Minutes, US NFP The US Dollar Index (DXY), a measure of the US dollar’s strength against a group of other major currencies, has seen a significant drop, touching an intraday low of around 102.90. This downward shift continues the retreat from a three-week high observed the […]
The GBP/USD pair is fluctuating within a limited range, hovering around the 1.2700 mark
The GBP/USD pair is fluctuating within a limited range, hovering around the 1.2700 mark As the new week unfolds, the GBP/USD pair is navigating within a tight range, lingering around the 1.2700 mark. This limited fluctuation indicates a lack of significant momentum for the currency pair, which could be indicative of market participants’ cautious approach […]
Dow futures are indicating a downward trend
Dow futures are indicating a downward trend During the evening trading session on Thursday, U.S. stock futures exhibited a varied performance, following a predominantly positive session for major benchmark averages. This optimistic sentiment was spurred by GDP data that outstripped expectations, thereby bolstering investor confidence. Furthermore, banks saw an upswing after the Federal Reserve announced […]
Mid-Year Outlooks for APAC Sector Less Risky Due to China’s Recovery
Mid-Year Outlooks for APAC Sector Less Risky Due to China’s Recovery The mid-year outlooks for the Asia-Pacific (APAC) sector seem less risky, largely attributable to China’s economic recovery. This represents a significant pivot from previous predictions, highlighted by Fitch Ratings’ recent analysis of 47 mid-year sector outlooks in APAC. Of these, they classified 13 as […]
USD/JPY steadies near YTD peak below 145.00 ahead of US PCE Index
USD/JPY steadies near YTD peak below 145.00 ahead of US PCE Index The USD/JPY currency pair is currently holding steady near its year-to-date (YTD) peak, hovering just below the 145.00 level. This comes as the pair trades comfortably in the 144.55-144.60 region, a clear sign of its recent upward momentum. The pair’s movement has been […]
What Is Lot Size in Forex Trading?
What Is Lot Size in Forex Trading? For those embarking on the journey of online forex trading, mastering the concept of ‘lot size’ is crucial. This fundamental principle is the cornerstone of currency trading, and a thorough understanding can significantly elevate your trading experience. This blog post aims to clarify the notion of a ‘lot’ […]
Despite BoE’s Bailey’s Hawkish Stance, Sellers Approach 1.2600 Ahead of Powell’s Speech
Despite BoE’s Bailey’s Hawkish Stance, Sellers Approach 1.2600 Ahead of Powell’s Speech The GBP/USD pair is drawing closer to a 15-day low near the 1.2620 mark as Thursday’s London market opens for trading. Investors are seemingly giving more weight to the impending speech from Federal Reserve Chairman Jerome Powell than to the statements made by […]
Bank of Japan’s Chief Defends Monetary Easing Amid Yen’s Decline
Bank of Japan’s Chief Defends Monetary Easing Amid Yen’s Decline Kazuo Ueda, the current head of the Bank of Japan, has publicly supported the institution’s continuous implementation of monetary easing policies, despite the ongoing depreciation of the yen. He justified this by pointing out that, although the headline inflation rate is above the set target […]
Ahead of Significant Data Releases, US Dollar Continues its Rally
Ahead of Significant Data Releases, US Dollar Continues its Rally The US Dollar (USD) is maintaining its strength against other currencies as it continues to rebound. The US Dollar Index remains near two-week highs around 103.00 after a surge on Wednesday. Today, the European Commission will release June’s business and consumer sentiment data during the […]
NZD/USD Nears Daily Low in Mid-0.6100s, Losses Curbed by Weakening USD
NZD/USD Nears Daily Low in Mid-0.6100s, Losses Curbed by Weakening USD The NZD/USD pair is edging towards its daily low in the mid-0.6100s, with a softer USD providing a buffer against further declines. Since the last session, the pair has seen a marked sell-off, with the drop originating from the 0.6200 mark. During Wednesday’s Asian […]
Xi Jinping of China Eases Foreign Investor Concerns Over Policy Uncertainties
Xi Jinping of China Eases Foreign Investor Concerns Over Policy Uncertainties In a bid to alleviate concerns and uncertainties, Chinese President Xi Jinping has recently assured foreign investors of his government’s unwavering commitment to addressing economic issues and unpredictable policy-making. Amid a backdrop of global apprehension, Xi underscored China’s dedication to development, openness, and the […]
Anticipation Grows for Possible FX Intervention to Support Japanese Yen
Anticipation Grows for Possible FX Intervention to Support Japanese Yen The Japanese Yen has faced a considerable amount of pressure recently, depreciating by 3.5% against the US Dollar and by over 5.6% against the Euro since the start of the month. The EURJPY pair has ascended to its highest point since September 2008, while the […]
How To Start Making A Profit with Forex Trading
How To Start Making A Profit with Forex Trading Forex trading has become increasingly popular, and numerous free resources are available to help you enhance your knowledge. These tools include eBooks, articles, videos, and webinars, each focusing on different aspects of Forex trading. Moreover, reliable brokers like XtreamForex offer comprehensive educational resources, making it easier […]