USD/JPY Climbs Toward 156.00 as Japanese Yen Maintains Intraday Weakness
The Japanese Yen (JPY) weakens broadly during Wednesday’s Asian trading session, allowing the USD/JPY pair to extend its recovery from over a one-month low. A risk-on sentiment, reflected in positive equity market performance, undermines the safe-haven JPY. Additionally, a modest uptick in US Treasury bond yields supports the US Dollar (USD), further pressuring the lower-yielding […]
Gold Price Holds Firm Above $2,725 Amid Trade War Concerns and Fed Rate Cut Speculation
The price of gold (XAU/USD) continues to build on Monday’s rebound from the $2,689 level, maintaining a bullish trajectory for the second consecutive session. Early Tuesday, gold climbed to its highest level since November 6, trading near $2,729, fueled by U.S. President Donald Trump’s tariff remarks and growing demand for safe-haven assets. Additionally, declining U.S. […]
Top 5 Reasons Why You Should Learn to Read Price Action
Top 5 Reasons Why You Should Learn to Read Price Action For many new traders, one of the most frustrating challenges is understanding that technical analysis doesn’t have to be complicated. In fact, the key to successful trading is simpler than you think—learning how to read price action. Too often, traders load their charts with […]
EUR/USD Faces Resistance Around 1.0500 After Recovery from Two-Year Lows
EUR/USD Faces Resistance Around 1.0500 After Recovery from Two-Year Lows The EUR/USD pair has rebounded from its two-year low of 1.0332 recorded last Friday, trading near 1.0480 during Monday’s Asian session. This recovery is largely attributed to a correction in the US Dollar (USD), even as strong preliminary S&P Global US Purchasing Managers’ Index (PMI) […]
How to Set Effective Goals for Your Forex Trading Journey
Entering the world of Forex trading opens doors to the dynamic global exchange of national currencies. As the largest and most liquid asset market in the world, Forex trading offers immense opportunities for growth. However, success in this field doesn’t rely on luck—it requires strategy, discipline, and clear goals. Here’s a guide to setting effective […]
EUR/USD Hovers Near 1.0600 as US Dollar Retreats on Profit-Taking
EUR/USD Hovers Near 1.0600 as US Dollar Retreats on Profit-Taking The EUR/USD pair remains steady with a positive bias around the 1.0600 mark during Tuesday’s Asian session. The pair’s upward momentum appears supported by a softer US Dollar (USD), which is undergoing profit-taking after its recent rally. Despite the USD’s pullback, its downside remains limited […]
Australian Dollar Holds Steady as RBA Minutes Highlight Need for Restrictive Policy
Australian Dollar Holds Steady as RBA Minutes Highlight Need for Restrictive Policy The Australian Dollar (AUD) remained stable against the US Dollar (USD) after the release of the Reserve Bank of Australia’s (RBA) November Meeting Minutes on Tuesday. The minutes underscored the board’s cautious stance on inflation, emphasizing the continued need for restrictive monetary policy […]
What is CPI in Forex, and How Can You Use It for Trading?
The Consumer Price Index (CPI) is a critical economic indicator that measures the change in the price level of a basket of consumer goods and services. It’s a widely recognized gauge of inflation and plays a significant role in influencing monetary policy decisions by central banks. For forex traders, CPI data is particularly valuable because […]
EUR/USD Nears 1.0550 After Rebounding from Yearly Lows
EUR/USD Nears 1.0550 After Rebounding from Yearly Lows The EUR/USD pair has broken its five-day losing streak, trading close to 1.0540 during the Asian session on Friday. This recovery appears to stem from a pullback in the US Dollar (USD) following recent remarks by Federal Reserve Chair Jerome Powell. Powell noted that the US economy […]
Japanese Yen Stays on Defensive, Hovering Near 156.00 Against the US Dollar
Japanese Yen Stays on Defensive, Hovering Near 156.00 Against the US Dollar The Japanese Yen (JPY) continues to weaken against the US Dollar (USD), marking its fourth consecutive day of losses on Thursday, as it dips below the 156.00 level for the first time since July. Despite a notable increase in Japan’s Producer Price Index […]
Australian Dollar Struggles as US Dollar Strengthens Ahead of US PPI Release
Australian Dollar Struggles as US Dollar Strengthens Ahead of US PPI Release The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) following Thursday’s economic data releases. Australia’s Consumer Inflation Expectations fell to 3.8% in November, down from 4.0% in October, marking the lowest level since October 2021. Australia’s Unemployment Rate, seasonally adjusted, […]
Understanding Forex Spreads: Definition, Types, and Calculation
In forex trading, understanding spreads is essential for maximizing profitability. This guide explores what forex spreads are, how they function, and how to calculate and monitor them effectively. What is a Spread in Forex? In forex, the spread is the difference between the ask price and the bid price of a currency pair. Spread size […]
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 […]
The Role of Technical Analysis in Trading Major Forex Pairs
In forex trading, a solid understanding of major currency pairs is key for traders. Pairs like EUR/USD, GBP/USD, USD/JPY, and USD/CHF are among the most actively traded and hold great significance. Due to their high volume, these pairs offer enhanced liquidity and market efficiency. To effectively navigate this market, it’s crucial to analyze factors that […]
Gold as a Strategic Investment: A Hedge, Diversifier, and Growth Asset
Gold has long been seen as a foundation of financial stability, offering investors protection against inflation and enhancing portfolio diversification. From beginners to seasoned traders, interest in gold remains robust across a range of strategies, including trading gold futures, spot gold, and Gold ETFs. The rise of advanced trading options, such as CFDs and forex […]
How to Set Up or Customize MT4/5 Trading Platform on Your PC with XtremeMarkets
Upgrading your forex trading setup with MetaTrader 5 (MT5) can bring a professional edge to your strategy. Properly installing and customizing MT5 on your PC creates a clear and organized workspace, allowing you to make the most of your trading experience. This guide will walk you through setting up and personalizing the MT4/5 platform, so […]
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 […]
GBP/USD Consolidates Around Mid-1.3000s, Vulnerable Amid Strong USD
GBP/USD Consolidates Around Mid-1.3000s, Vulnerable Amid Strong USD The GBP/USD pair struggles to maintain modest recovery gains from the past two days, trading within a narrow range around 1.3050-1.3045 during Monday’s Asian session. Spot prices remain close to last Thursday’s one-month low, signaling potential vulnerability for continued declines from the 1.3435 area, which marked the […]