WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand West Texas Intermediate (WTI) crude oil prices remained subdued, hovering near $69.60 per barrel during Thursday’s Asian session. However, the downside appears limited as strong US fuel demand and shrinking stockpiles provide support. The US Energy Information Administration (EIA) reported a […]
25-Year Yen Weakness Crisis Hits Tokyo Hard
25-Year Yen Weakness Crisis Hits Tokyo Hard Currency traders expecting a rebound in the yen should be cautious and consider insights from experienced policy veterans rather than solely relying on current officials. Over the past year, the yen has hit thirty-year lows, with key Japanese officials attributing this decline to the policies of the Federal […]
UK Consumer Confidence Declines Due to Economic Uncertainty
UK Consumer Confidence Declines Due to Economic Uncertainty UK consumer sentiment dipped in February, reflecting a hesitancy among households to increase spending, despite indications that the economy might be recovering from a recent mild recession. The decline was noted in the GfK’s key sentiment gauge, which fell by 2 points to a level of -21, […]
How to Choose the Best Broker to Trade the Financial Markets
How to Choose the Best Broker to Trade the Financial Markets Venturing into the exciting world of financial trading is akin to setting sail on a new adventure. Yet, before you embark on this thrilling journey, there’s a crucial decision you must make: choosing the best trading broker. Your broker selection isn’t just about opening […]
Top 5 High Leverage Forex Brokers in 2023
Top 5 High Leverage Forex Brokers in 2023 In the fast-paced world of forex trading, having access to high leverage can significantly amplify your potential profits. Best leverage brokers offer traders the opportunity to magnify their trading positions and maximize their returns. In this blog post, we will explore the top 5 high Best Leverage […]
7 Powerful Bearish Candlestick Patterns
7 Powerful Bearish Candlestick Patterns Candlestick patterns play a crucial role in interpreting the market’s mood and predicting potential trend reversals. Savvy traders, especially those using one of the best ECN brokers like XtreamForex, know how to leverage these patterns for their gain. In particular, bearish candlestick patterns can signal an impending downtrend, providing an […]
How to Start Your Trading Career the Right Way
How to Start Your Trading Career the Right Way Embark on an exciting and lucrative trading career and set yourself up for success from the very beginning. In this blog, we’ll walk you through the essential steps to kickstart your trading journey. Plus, we’ll introduce you to Xtreamforex, a leading brokerage firm offering a state-of-the-art […]
How To Improve Your Forex Trading In 2023
How To Improve Your Forex Trading In 2023 The foreign exchange market never sleeps, and neither does your ambition to become a successful trader. As we step into the exciting world of Forex in 2023, it’s time to brush up on our skills and take our trading game to new heights. But where do you […]
Calculating the Pip Value for Different Forex Pairs
Calculating the Pip Value for Different Forex Pairs Currency trading, or forex trading, is a complex financial endeavor that requires a deep understanding of market dynamics. One crucial concept in this field is the pip value. Pips refer to the smallest price movement that a currency pair can make, and their value can greatly impact […]
The Importance of Pips in Forex Trading
The Importance of Pips in Forex Trading The realm of Forex trading can seem overwhelming for novices, filled with an array of complex terms. Nevertheless, grasping these terms is a fundamental step towards successful trading. Among these vital terms, “pips” stand out. This blog post will demystify the role of pips in Forex trading and […]
How to Become Amazing at Day Trading
How to Become Amazing at Day Trading Venturing into the financial markets with day trading can be an exhilarating and potentially lucrative pursuit. However, it necessitates a combination of skill, patience, and a robust comprehension of market intricacies. Whether your interest lies in online Forex trading or other financial instruments, here are some guidelines to […]
How To Set Yourself Up For Forex Trading Success
How To Set Yourself Up For Forex Trading Success The world of forex trading can be both exciting and lucrative, but it can also be challenging for beginners. To set yourself up for success in this fast-paced market, you need a solid foundation, which includes choosing the best forex broker. In this blog post, we’ll […]
Top 5 Reasons to Invest in Forex Trading
Top 5 Reasons to Invest in Forex Trading The Forex market is the largest and most liquid financial market globally. It offers ample opportunities for investors to make significant returns on their investments. If you’re considering entering the world of Forex trading, here are the top five reasons why you should invest in this exciting […]
Dollar in demand as modest China rate cut hits sentiment
Dollar in demand as modest China rate cut hits sentiment The U.S. dollar gained in early European trade Tuesday, with this safe haven in demand as a rate cut by China’s central bank failed to assuage investor concerns over slowing economic growth. At 01:55 ET (05:55 GMT), the Dollar Index, which tracks the greenback against […]
Despite timid drillers, US oil production is increasing
Despite timid drillers, US oil production is increasing A couple of recent predictions have predicted significant improvements in U.S. shale oil output this year, igniting confidence in an industry that has maintained a culture of discipline and caution for the past two years. According to the industry, caution will be the order of the day. […]
WTI integrated Fed and EIA stocked over US $ 71.00 recovery in mixed sentiment
WTI integrated Fed and EIA stocked over US $ 71.00 recovery in mixed sentiment WTI flattened its biggest daily rise of the week at the beginning of Thursday, dropping 0.07% to $ 71.30 that day. The recent fall in black gold may be related to cautious market sentiment and various concerns prior to major central […]
EUR/USD is still at risk of Omicron Covid
EUR/USD is still at risk of Omicron Covid EUR/USD fell on prospects that the EU will become the epicenter of the new covid strain, Omicron. As of this writing, EUR/USD is trading from 1.1277 to the lows of 1.1273 and 1.1286, with little or no change throughout the day in the early-week range. According to […]
Rivian Gears up for Nasdaq Debut, Tesla Bounces Back
Rivian Gears up for Nasdaq Debut, Tesla Bounces Back The electric car manufacturer Rivian is all set to make its debut on the Nasdaq today with the highest IPO, and the timings could not be more perfect than this. A pledge of not using fossil fuel-based vehicles by 2040 was taken by the countries and […]