XtremeMarkets

Gold Price Soars to Record High Above $4,060 Amid US-China Trade Tensions and

Gold Price Soars to Record High Above $4,060 Amid US-China Trade Tensions and

Gold prices surged to record highs, climbing around the $4,060 mark in early Asian trading on Monday, as renewed US-China trade tensions and Federal Reserve rate cut expectations boosted investor demand for the safe-haven metal. The continued US government shutdown and global uncertainty further strengthened gold’s appeal among traders and investors seeking stability in a […]

Japanese Yen Holds Modest Gains amid BoJ Policy Uncertainty

Japanese Yen Holds Modest Gains amid BoJ Policy Uncertainty

The Japanese yen (JPY) recovered marginally from its recent seven-month low versus the US dollar (USD) on Thursday during the Asian session. However, given the growing uncertainty surrounding Japan’s fiscal and monetary outlook, the move lacked strong bullish conviction. As Japan’s first female prime minister, Sanae Takaichi is predicted to oppose the Bank of Japan’s […]

WTI holds above $65.00, trades near three-week highs amid pressure on Russian oil

WTI holds above $65.00, trades near three-week highs amid pressure on Russian oil

West Texas Intermediate (WTI) crude extended its rally for the fourth straight session on Friday, hovering around $65.10 per barrel during Asian trading. Prices touched a near three-week high as supply concerns deepened, fueled by escalating pressure on Russian oil linked to the ongoing Ukraine conflict. US President Donald Trump urged Turkish President Recep Tayyip […]

WTI holds above $62 as OPEC+ eases pace of output hikes

WTI holds above $62 as OPEC+ eases pace of output hikes

West Texas Intermediate (WTI) crude oil edged higher in early Asian trading on Tuesday, hovering near $62.15. The upside came after the Organization of the Petroleum Exporting Countries and allies (OPEC+) signaled a slower pace of production growth in the coming months. The alliance, led by Saudi Arabia, agreed to lift output by 137,000 barrels […]

GBP/USD Slips Toward 1.3450, Rate-Cut Bets Support Sterling

GBP/USD pulls back in Asian trading on Wednesday, hovering near 1.3450 after giving up part of the previous session’s gains. Despite the dip, the Pound Sterling (GBP) retains underlying support as fading expectations for further Bank of England (BoE) rate cuts help cushion downside pressure. UK inflation has been climbing at a faster pace in […]

EUR/USD slips below 1.1700, Fed’s dovish outlook limits downside

EUR/USD slips below 1.1700, Fed’s dovish outlook limits downside

EUR/USD edged lower in Asian trading on Monday, slipping to around 1.1690 after posting 0.5% gains in the previous session. While the pair is under mild pressure, the downside appears capped as the U.S. Dollar (USD) struggles under the weight of the Federal Reserve’s dovish policy expectations ahead of its September meeting. Traders are now […]

WTI Crude Bounces Back Above $64 on Inventory Drop and Hopes of US-Russia Talks

WTI Crude Bounces Back Above

West Texas Intermediate (WTI) crude oil prices edged higher in early Asian trading on Thursday, climbing back above the $64.00 mark after a five-day losing streak. The rebound is supported by a larger-than-expected drawdown in US crude inventories and speculation about possible talks between the US and Russia amid escalating geopolitical tensions. As of writing, […]

EUR/USD Price Forecast: Consolidating Below 1.0500 Amid Multi-Week High

EUR/USD Price Forecast

The EUR/USD currency pair is having a hard time continuing its recent winning streak, trading in a tight range just below the 1.0500 psychological mark during the Asian session on Monday. In spite of the consolidation, the pair is still close to its three-week high of Friday, buoyed by a weaker US Dollar (USD). Technically, […]

USD/CHF Stays Below 0.8650 as Market Caution Intensifies Ahead of US Presidential Election

US Dollar

USD/CHF Stays Below 0.8650 as Market Caution Intensifies Ahead of US Presidential Election USD/CHF remains steady around 0.8640 in Asian trading hours on Tuesday, following losses in the previous session. The US Dollar (USD) is holding its ground as market participants exercise caution amid uncertainties surrounding the upcoming US presidential election. Additionally, rising US Treasury […]

EUR/USD Holds Steady Near 1.1150 Ahead of Eurozone PMI Data

EUR/USD Holds Steady Near

EUR/USD Holds Steady Near 1.1150 Ahead of Eurozone PMI Data The EUR/USD pair remains steady around 1.1160 during Monday’s Asian trading session. The US Dollar (USD) could weaken due to the increasing possibility of further interest rate cuts by the Federal Reserve (Fed) in 2024, which may support the EUR/USD pair. Last week, the US […]

US Dollar Faces Continued Pressure as Market Focus Shifts to PMI Data

US Dollar Faces Continued Pressure as Market Focus

US Dollar Faces Continued Pressure as Market Focus Shifts to PMI Data After a brief recovery earlier in the day on Wednesday, the US Dollar Index reversed course during the American session, marking its fourth consecutive day of losses. As of Thursday’s European trading hours, all eyes are on the preliminary August PMI data from […]

Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses

Gold Prices Slip as Recession Fears Diminish

Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses Gold prices dipped in Asian trading on Friday, weighed down by positive U.S. labor data that boosted risk appetite and reduced demand for safe-haven assets. This decline put the yellow metal on track for weekly losses. In the industrial metals sector, copper prices also […]

GBP/USD Defensive Below 1.2750 Amid Stronger USD

GBP/USD Defensive Below

GBP/USD Defensive Below 1.2750 Amid Stronger USD During the early Asian trading hours on Monday, the GBP/USD pair recovered some of its lost ground, hovering around 1.2725. However, the upside for GBP/USD might be limited due to lower expectations of US Federal Reserve (Fed) rate cuts this year, following stronger-than-expected US Nonfarm Payrolls (NFP) data. […]

WTI Falls Below $74 Amid OPEC+ Plans to Reduce Production Cuts

WTI Falls Below $74 Amid OPEC+ Plans

WTI Falls Below $74 Amid OPEC+ Plans to Reduce Production Cuts West Texas Intermediate (WTI) oil prices continued their downward trend for the fifth consecutive day, trading at approximately $73.90 per barrel during the Asian trading session on Tuesday. This recent decline in crude oil prices stems from the Organization of the Petroleum Exporting Countries […]

WTI Nears $79 as Key US Economic Data Looms

WTI Nears $79 as Key US Economic Data Looms In the Asian trading session on Thursday, West Texas Intermediate (WTI) crude oil fell slightly to around $79.00 per barrel. Traders are closely monitoring upcoming economic reports, including today’s US Crude Oil Stocks Change report from the Energy Information Administration. Expectations are set for a drawdown […]

WTI Nears $78.50 as US Inflation Data, OPEC+ Meeting Loom

WTI Nears $78.50 as US Inflation Data, OPEC+ Meeting Loom West Texas Intermediate (WTI) crude oil prices edged higher as traders anticipate the upcoming meeting of the Organization of the Petroleum Exporting Countries and allies, including Russia (OPEC+), scheduled for June 2. The meeting will address whether to extend the current voluntary output cuts of […]

Gold Prices Fall Further Due to Fed’s Hawkish Outlook

Gold Prices Fall Further Due to Fed’s Hawkish Outlook On Wednesday, gold prices faced downward pressure as sellers stepped in, influenced by the latest Federal Open Market Committee (FOMC) minutes, which were perceived as markedly more hawkish than earlier communications. This interpretation suggests that the U.S. Federal Reserve may maintain its tight monetary policy stance […]