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?
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 […]
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
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 […]
The Right Way of Copy Trading with XtremeMarkets
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. […]
The Role of Technical Analysis in Trading Major Forex Pairs
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 […]
Gold as a Strategic Investment: A Hedge, Diversifier, and Growth Asset
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. […]
How to Set Up or Customize MT4/5 Trading Platform on Your PC with XtremeMarkets
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. […]
How to Trade Successfully with a Small Trading Account
How to Trade Successfully with a Small Trading Account Starting your 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 […]
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 […]
The Ultimate Guide to GBP to USD Exchange Rates: What You Need to Know
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 […]
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 […]
Crypto vs Forex Trading: Key Differences Explained
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 […]
EUR/USD Dips Below 1.0950 Amid Stronger US Dollar
EUR/USD Dips Below 1.0950 Amid Stronger US Dollar The EUR/USD pair continued its decline, dropping to around 1.0920 during early trading in Asia on Monday. This downward movement is driven by risk aversion, fueled by escalating geopolitical tensions in the Middle East and rising conflicts between China and Taiwan, which are pressuring riskier currencies like […]
How to Use Forex Technical Analysis to Gain Insights on Market Trends
How to Use Forex Technical Analysis to Gain Insights on Market Trends Forex trading provides opportunities to profit from market fluctuations, but understanding trends and key data is crucial for effective trading. This is where technical analysis becomes essential, as it focuses on price movements and trading volume to uncover patterns and market direction. What […]
What is Social Trading? Learn the Basics and Benefits
What is Social Trading? Learn the Basics and Benefits How actively do you engage in trading? If you’re reading this, you likely have a good grasp of the expansive world of CFD trading and the broader financial markets. You may have noticed a growing immersion in trading culture; the rise of the retail trader has […]