US Dollar Price Forecast: Holds Steady Around 104.50, Above Key Moving Averages
US Dollar Price Forecast: Holds Steady Around 104.50, Above Key Moving Averages The US Dollar Index (DXY) remains steady around 104.50 during European trading on Friday, extending its daily gains. Analysis of the daily chart suggests a continued bullish trend, with the DXY moving within an ascending channel. The 14-day Relative Strength Index (RSI) remains […]
USD/CHF Rises Above 0.8700 on Renewed US Dollar Demand
USD/CHF Rises Above 0.8700 on Renewed US Dollar Demand The USD/CHF pair edges up to approximately 0.8730 in early European trading on Friday, supported by a fresh wave of demand for the US Dollar. Market participants are awaiting the release of the preliminary US Michigan Consumer Sentiment data for November, along with remarks from Federal […]
The Right Way of Copy Trading with XtremeMarkets
Trading in Forex requires immense knowledge and skills to turn any trade in your favor. It is more than just buying and selling of currencies. Trading without analysis can lead to unexpected trade outcomes. Getting proper knowledge, training, and skills for trading requires undedicated time for learning. However, there is another way of forex trading […]
WTI Declines to $71.50 as Stronger US Dollar Pressures Oil Prices
WTI Declines to $71.50 as Stronger US Dollar Pressures Oil Prices West Texas Intermediate (WTI) crude oil is trading around $71.45 on Thursday, edging lower due to the rise in the US Dollar (USD) following Republican candidate Donald Trump’s win in the U.S. presidential election. The stronger USD has put downward pressure on USD-denominated commodities, […]
Gold Prices Remain Under Pressure as Stronger USD Weighs Ahead of Fed Decision
Gold Prices Remain Under Pressure as Stronger USD Weighs Ahead of Fed Decision Gold (XAU/USD) continues to trade lower for the second consecutive session on Thursday, impacted by a stronger U.S. Dollar following former President Donald Trump’s victory in the recent U.S. election. The dollar-denominated precious metal is seeing diminished safe-haven appeal as market optimism […]
Japanese Yen Hovers Near Daily Low Against USD, US Election Concerns Lend Support
Japanese Yen Hovers Near Daily Low Against USD, US Election Concerns Lend Support The Japanese Yen (JPY) holds steady, drifting further from a one-week low against the US Dollar (USD) touched on Monday, as expectations rise that Japan’s political landscape may complicate future rate hikes by the Bank of Japan (BoJ). However, BoJ Governor Kazuo […]
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 […]
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 […]
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 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 […]
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 […]
How to Trade Successfully with a Small Trading Account
Starting your small trading journey with a small account might feel like a disadvantage, but that feeling comes from focusing on the wrong things. In today’s lesson, we’ll explore why your account size doesn’t dictate your success and how shifting your mindset can help you become a profitable trader, regardless of your starting capital. The […]
The Ultimate Guide to GBP to USD Exchange Rates: What You Need to Know
Are you planning a trip to the United States or looking to invest in US businesses? Understanding the exchange rate between the British Pound (GBP) and the US Dollar (USD) is crucial. This comprehensive guide covers everything you need to know about GBP to USD exchange rates, including key factors influencing fluctuations, historical trends, and […]
Japanese Yen Gains Traction Against USD Amid BoJ Uncertainty
Japanese Yen Gains Traction Against USD Amid BoJ Uncertainty The Japanese Yen (JPY) is seeing an upward trend during Friday’s Asian session, partially recovering from the previous day’s losses against the US Dollar (USD), reaching its strongest level since early August. Several factors are driving the JPY’s gains, including verbal intervention from Japanese officials and […]
EUR/USD Extends Losses After ECB Rate Cut
EUR/USD Extends Losses After ECB Rate Cut The EUR/USD pair continues to decline following the European Central Bank’s (ECB) decision to cut rates by 25 basis points on Thursday. With a lack of bullish momentum, the pair is now down more than 3.5% from late September’s peak above 1.1200, as it extends near-term losses. The […]
EUR/USD Hits 10-Week Low Ahead of ECB Policy Announcement
EUR/USD Hits 10-Week Low Ahead of ECB Policy Announcement EUR/USD continues to show weakness, trading near 1.0850 on Thursday as the currency pair faces significant selling pressure ahead of the European Central Bank’s (ECB) interest rate decision, expected at 12:15 GMT. According to a Tuesday note from Citi, traders anticipate the ECB will reduce its […]
Crypto vs Forex Trading: Key Differences Explained
In today’s fast-evolving financial world, many investors are looking at various trading avenues to boost their returns. Two of the most popular options are cryptocurrency (crypto) trading and foreign exchange (forex) trading. Each market offers distinct opportunities and challenges, making it crucial to understand their differences before diving in. At XtremeMarkets, we provide in-depth insights […]