The Benefits of Forex Trading
The Benefits of Forex Trading In the dynamic digital era we live in, online forex trading has surfaced as a compelling investment avenue for many. Partnering with a top-tier trading broker such as Xtreamforex paves the way to numerous rewards within this worldwide marketplace. So, what makes forex trading an attractive proposition? Let’s dive into […]
USD/CAD Hits New 3-Week High Above 1.3370 as Investors Eye Canada/US Job Data
USD/CAD Hits New 3-Week High Above 1.3370 as Investors Eye Canada/US Job Data The USD/CAD pair has recently reached a new three-week high, hitting 1.3375 during the London trading session. This rally of the Loonie asset comes in spite of the prevailing weakness in the US Dollar Index (DXY), rising oil prices, and the anticipated […]
AUD/USD Nears 0.6680 as FOMC Minutes and US Employment Data Awaited
AUD/USD Nears 0.6680 as FOMC Minutes and US Employment Data Awaited The Australian Dollar (AUD) is approaching 0.6680 against the US Dollar (USD), indicating a correction during the Asian trading period. This shift occurs as investors adopt a cautious stance in anticipation of the Federal Open Market Committee (FOMC) minutes and data on the US […]
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 […]
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 […]
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 […]
German Economy Slows in June as Businesses Encounter Weakening Demand Conditions
German Economy Slows in June as Businesses Encounter Weakening Demand Conditions The German economy experienced a marked loss of momentum during the latter part of the second quarter, according to the latest ‘flash’ PMI survey conducted by Hamburg Commercial Bank. Weakening demand conditions led to a significant slowdown in business activity growth, while company expectations […]
Dollar Exhibits Initial Indications of Bottoming
Dollar Exhibits Initial Indications of Bottoming Yesterday, several central banks, including the Bank of England, Norges Bank, Swiss National Bank, and the Central Bank of Turkey, took center stage as they grappled with higher-than-expected inflation. This inflation surge was partly due to a robust job market driving increased demand. Interestingly, even with more substantial interest […]
Basic Types of Orders in Forex Trading Market
Basic Types of Orders in Forex Trading Market The foreign exchange (forex) market, with its 24-hour operation and daily trading volume exceeding $6 trillion, is the largest financial market globally. For successful online forex trading, understanding the basic types of orders executable on the best forex trading platforms is crucial. In this article, we’ll explore […]
Euro Rallies after ECB Raises Rates and Inflation Forecasts
Euro Rallies after ECB Raises Rates and Inflation Forecasts It was mostly a good day for the global markets, except for Europe, which saw the European Central Bank (ECB) expectedly raise interest rates by 25bp, but unexpectedly raised inflation forecast, as well. European policy makers now expect core inflation to average past the 5% mark, […]
Chinese Markets Unmoved By This Morning’s Price Data
Chinese Markets Unmoved By This Morning’s Price Data US weekly jobless claims, of all things, was responsible for yesterday’s main market move. Applications rose from 233k to 261k, more than the 235k expected. It triggered a US bond rally which dragged European peers higher as well. While it doesn’t change expectations for a pause at […]
Dow Jones Versus the Nasdaq 100 Amid Rising Government Bond Yields
Dow Jones Versus the Nasdaq 100 Amid Rising Government Bond Yields The blue-chip-oriented Dow Jones gained cautiously on Wednesday while the tech-heavy Nasdaq 100 sank 1.75% in the worst single-day drop since April 25th. In fact, the Nasdaq/Dow ratio plunged 2.02%, marking the worst 24-hour period since October 27th, which was over 7 months ago. […]
8 Tips for Trading Gold (XAU/USD)
8 Tips for Trading Gold (XAU/USD) As forex traders seek out stable investments that can hedge against inflation, market instability, and other geopolitical factors, gold has become more popular than ever. Traders can use gold as a way to hedge against other investments or as a safe haven that provides consistency over time and is […]
US and Taiwan Set to Sign the First Deal Under a New Trade Talks Framework
US and Taiwan Set to Sign the First Deal Under a New Trade Talks Framework Core bonds enjoyed another solid bid yesterday, further unwinding ‘hawkish sentiment’ that reigned since mid-May. Chinese inspired risk-off and softer than expected national CPI data from Germany (HICP 6.3% Y/Y from 7.6%) and France (6.0% from 6.9M%) supported the move. […]