EUR/USD Continues to Decline Near 1.0900 Amid US Dollar Strength
EUR/USD Continues to Decline Near 1.0900 Amid US Dollar Strength The EUR/USD pair is trading lower around 1.0915 after pulling back from seven-month highs near 1.1008 during the Asian session on Wednesday. A stronger US Dollar (USD) is putting downward pressure on the pair. Investors are now looking ahead to Germany’s June Trade Balance and […]
EUR/USD Pair Trades with Mild Losses Amid Mixed Market Sentiment
EUR/USD Pair Trades with Mild Losses Amid Mixed Market Sentiment The EUR/USD pair is trading with slight losses around the 1.0950 mark during early European trading hours on Tuesday. Improved risk sentiment is providing some support to the US Dollar (USD), limiting the upside potential for the pair. Traders are closely watching the upcoming release […]
EUR/USD Consolidates Near 1.0700 After Recent Low
EUR/USD Consolidates Near 1.0700 After Recent Low The EUR/USD pair starts the week on a subdued note, consolidating its recent losses to the lowest level since early May, around the 1.0670-1.0665 region touched on Friday. Currently trading around the 1.0700 mark, the pair appears vulnerable to further declines. Concerns over a potential snap election in […]
US CPI Steady in May Ahead of Fed Decision
US CPI Steady in May Ahead of Fed Decision The Bureau of Labor Statistics (BLS) is set to release the eagerly awaited Consumer Price Index (CPI) inflation data for May on Wednesday at 12:30 GMT. This report is highly significant as it could trigger substantial volatility in the US Dollar, with any unexpected figures potentially […]
EUR/USD Declines for Third Consecutive Day Ahead of Fed Rate Decision
EUR/USD Declines for Third Consecutive Day Ahead of Fed Rate Decision The EUR/USD experienced its third consecutive day of losses on Tuesday as market sentiment soured following the European Union parliamentary elections. The elections resulted in a significant shift towards center-right and far-right parties, with European voters showing strong support for these groups. Meanwhile, left-leaning […]
EUR/USD Climbs as Weakening Labor Market Data Pressures US Dollar
EUR/USD Climbs as Weakening Labor Market Data Pressures US Dollar The EUR/USD pair remains confined within a narrow trading range just beneath the critical resistance level of 1.0800 during Friday’s European trading session. This comes after the pair rebounded sharply from 1.0725. Despite the relative calm, the currency pair maintains its strength, with investors appearing […]
EUR/USD Dips to Near 1.0750 Following Hawkish Fed Comments
EUR/USD Dips to Near 1.0750 Following Hawkish Fed Comments The EUR/USD currency pair continued its downward trajectory for the second consecutive session, trading around 1.0750 during Wednesday’s Asian session. The decline is primarily driven by the strengthening U.S. Dollar, fueled by anticipations that the Federal Reserve (Fed) may sustain elevated interest rates for an extended […]
EUR/USD Nears 1.0750 as Risk Appetite Rebounds
EUR/USD Nears 1.0750 as Risk Appetite Rebounds The EUR/USD pair continued its upward momentum, marking a third consecutive day of gains as it hovered around the 1.0730 level during Friday’s Asian session. This surge in the currency pair was fueled by a resurgence in risk appetite, particularly favoring risk-sensitive currencies such as the Euro. Investors […]
Top Currency Pairs to Trade for Beginners
Starting out in the Forex market can seem daunting, but choosing the right currency pairs can make it much simpler. For beginners, some pairs are more suitable because they are traded more often and are generally more stable. At Xtreme Markets, we always advise our clients to begin with the most accessible pairs. Here are […]
EUR/USD Stays Above 1.0650 as US Dollar Faces Fresh Sell-Off
EUR/USD Stays Above 1.0650 as US Dollar Faces Fresh Sell-Off The EUR/USD currency pair saw a modest increase, reaching 1.0672 in Thursday’s early Asian trading session. This rise was supported by a combination of renewed selling pressure on the US Dollar and a generally risk-acceptant market atmosphere. Key economic indicators set to be released later […]
EUR/USD Drops Near 1.0600 as Fed Rate Hike Expectations Grow
EUR/USD Drops Near 1.0600 as Fed Rate Hike Expectations Grow EUR/USD has dropped to near 1.0610, marking its sixth consecutive session of decline, amid trading in the Asian markets on Tuesday. The strong US Dollar, buoyed by rising US Treasury yields and solid retail sales data, is applying pressure on the Euro. The US Dollar […]
The Basics Of Forex Spreads: What Every Trader Should Know
When you start with Forex trading, there’s a lot to learn, and one key concept you’ll hear a lot about is Forex spreads. As a part of the team at Xtreamforex, we believe it’s crucial for every trader, especially beginners, to understand what Forex spreads are and how they impact your trading experience. What is […]
EUR/USD Declines Toward 1.0830 Amid Market Caution, Attention on US NFP Data
EUR/USD Declines Toward 1.0830 Amid Market Caution, Attention on US NFP Data The Euro to Dollar exchange rate (EUR/USD) continues its downward trajectory that began on Thursday, approaching a value near 1.0830 during the Asian trading session on Friday. This movement reflects an increase in market caution, significantly influenced by escalating geopolitical tensions in the […]
EUR/USD Stays Near 1.0860 as Market Awaits Fed Chair Powell’s Speech
EUR/USD Stays Near 1.0860 as Market Awaits Fed Chair Powell’s Speech During the early hours of Asian trading on Friday, the EUR/USD currency pair experienced a slight pullback, settling in the vicinity of 1.0860. This modest decline in the Euro against the US Dollar can be attributed to a strengthening US Dollar and an uptick […]
EUR/USD Stabilizes Around 1.0950, Awaiting US Payroll Data
EUR/USD Stabilizes Around 1.0950, Awaiting US Payroll Data The EUR/USD currency pair has been exhibiting a phase of consolidation, struggling to extend the upward trajectory it started on March 1st. This period of steadiness comes as traders and market analysts fix their attention on forthcoming key economic releases from both the Eurozone and the United […]
EUR/USD Gains Momentum in the Mid-1.0800 Range Due to a Weakening US Dollar
EUR/USD Gains Momentum in the Mid-1.0800 Range Due to a Weakening US Dollar As the new week commences, the EUR/USD currency pair exhibits a positive trajectory in the early trading hours of Monday in Asia. This uptrend in one of the major currency pairs is primarily underpinned by a diminishing strength of the US Dollar […]
EUR/USD Falls Amid Risk-Aversion Before Eurozone, US Data; Trades Near 1.0840
EUR/USD Falls Amid Risk-Aversion Before Eurozone, US Data; Trades Near 1.0840 The Euro/US Dollar exchange rate, known as EUR/USD, has seen a decrease, reaching nearly 1.0840 in the Asian market on Wednesday. This drop is mainly because traders are being very careful due to some important economic reports that are expected to be released soon. […]
EUR/USD Stabilizes Near 1.0820 After PMI-Driven Volatile Session
EUR/USD Stabilizes Near 1.0820 After PMI-Driven Volatile Session The EUR/USD currency pair exhibited consolidation patterns following a tumultuous trading session triggered by the release of significant Purchasing Managers Index (PMI) data from both Europe and the United States on Thursday. During the early hours of Friday’s Asian trading session, the Euro (EUR) demonstrated stability, hovering […]