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 […]
WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories
WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories During the Asian trading hours on Thursday, the West Texas Intermediate (WTI) crude oil price experienced a slight decline, hovering around $78.50 per barrel. This movement follows a notable surge on Wednesday, primarily fueled by developments in the US crude […]
Stocks Rally as Powell Maintains Course on Interest Rate Reductions
Stocks Rally as Powell Maintains Course on Interest Rate Reductions On Wednesday, U.S. stock markets experienced a significant resurgence, particularly in the technology sector, which made a robust recovery from the previous day’s considerable downturn. This upward trend was largely influenced by investor reactions to Federal Reserve Chair Jerome Powell’s latest comments, suggesting that interest […]
Currency Market Stabilizes Ahead of Powell Speech, Bitcoin Gains Momentum
Currency Market Stabilizes Ahead of Powell Speech, Bitcoin Gains Momentum On Wednesday, the U.S. dollar remained stable as traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony and upcoming key events, including a European Central Bank (ECB) rate decision and U.S. jobs data. Bitcoin showed renewed momentum in the cryptocurrency market, though it did not […]
China’s Ambitious 5% Growth Target Criticized as Lacking a Concrete Plan
China’s Ambitious 5% Growth Target Criticized as Lacking a Concrete Plan China has set an ambitious growth target of about 5% for this year, aiming to boost confidence in the world’s second-largest economy. However, analysts have noted the absence of detailed strategies from Premier Li Qiang to achieve this goal amidst China’s significant challenges. During […]
GBP/USD Remains Below 1.2700 Before Fed Chair Powell’s Testimony
GBP/USD Remains Below 1.2700 Before Fed Chair Powell’s Testimony In the early Asian trading session on Wednesday, the GBP/USD currency pair was observed holding below the significant 1.2700 mark, indicating a slight downtick influenced by a resurgence in the US Dollar (USD). This currency movement sets the stage for a day filled with key economic […]
What Are the Best Times or Sessions to Trade Gold in the Forex Market?
Have you ever wondered when is the best time to trade gold in the Forex market? Well, you’re in luck! Today, we’re going to delve into this topic and make it easy to understand. No complex jargon or metaphors – just straight, simple talk. And, we’ll be sharing some insights from our experience at Xtreme […]
Gold Price Stable Near High, Amid Fed Rate-Cut Speculation and Market Softness
Gold Price Stable Near High, Amid Fed Rate-Cut Speculation and Market Softness During the early hours of Tuesday’s European trading session, the Gold price, measured in XAU/USD, maintained a steady range, reflecting a period of consolidation after its recent significant surge to a three-month high near the $2,120 mark, achieved the previous day. This stability […]
Japan’s Officials Dismiss Claims of Government Ending Deflation Policy
Japan’s Officials Dismiss Claims of Government Ending Deflation Policy In recent developments, Japan’s senior government officials have unequivocally dismissed a media report claiming that Tokyo is contemplating announcing an end to the prolonged state of deflation that has characterized its economy. This denial underscores the government’s priority to steer the economy clear of reverting to […]
Japanese Yen Dips Versus USD as BoJ Uncertainty Lingers; Tokyo CPI in Focus Tuesday
Japanese Yen Dips Versus USD as BoJ Uncertainty Lingers; Tokyo CPI in Focus Tuesday The Japanese Yen (JPY) is experiencing renewed pressure after a slight recovery from its year-to-date low on Friday, as it enters the European trading session with a weaker stance against the US Dollar (USD). This development comes in the wake of […]
China’s Economy Exhibits Robust Stability
China’s Economy Exhibits Robust Stability The Chinese economy is currently displaying significant potential and promising prospects, according to Liu Jieyi, spokesperson for the second session of the 14th National Committee of the Chinese People’s Political Consultative Conference. In a recent news conference held on Sunday, Liu expressed a positive outlook on the future of China’s […]
Japanese Yen Weakens Against USD as BoJ-Fed Policies Diverge
Japanese Yen Weakens Against USD as BoJ-Fed Policies Diverge During the Asian trading session on Friday, the Japanese Yen (JPY) faced increased selling pressure, moving away from its two-week high achieved following hawkish comments by Bank of Japan (BoJ) board member Hajime Takata. These comments had momentarily fueled expectations of a more aggressive monetary stance […]
China’s Economy Yet to Fully Accelerate
China’s Economy Yet to Fully Accelerate China’s manufacturing sector has extended its contraction for the fifth month in a row, reflecting persistent sluggishness in the world’s second-largest economy. This trend emerges as China prepares for its annual growth target announcement at the upcoming parliamentary meeting, which typically aligns with President Xi’s perspectives. The country’s official […]
GBP/USD Modestly Recovers Near 1.2630, Limited Upside Potential
GBP/USD Modestly Recovers Near 1.2630, Limited Upside Potential During the Asian trading session on Friday, the GBP/USD currency pair witnessed a revival of buying interest, breaking a two-day losing streak that had led it to a one-week low in the region of 1.2615-1.2610 just a day earlier. The pair’s spot prices are currently hovering around […]
Fed’s Bowman Stresses Prematurity of Interest Rate Cuts
Fed’s Bowman Stresses Prematurity of Interest Rate Cuts Federal Reserve Governor Michelle Bowman recently emphasized her belief that maintaining current interest rate levels will further decrease inflation, but she considers it premature to start reducing these rates. Bowman plans to keep a close eye on upcoming economic data to determine the best course for monetary […]
European Shares Show Mixed Performance Following Worldwide Market Retreat; Abrdn Rises by 4.5%
European Shares Show Mixed Performance Following Worldwide Market Retreat; Abrdn Rises by 4.5% European markets exhibited a mixed performance on Tuesday morning, reflecting a broader trend of declining momentum in global markets. The Stoxx 600, a key European stock market index, was relatively unchanged as of 9:20 a.m., indicating a cautious stance among investors. This […]
Schumer: US Shutdown Looms as Spending Deal Remains Out of Reach
Schumer: US Shutdown Looms as Spending Deal Remains Out of Reach Senate Majority Leader Chuck Schumer recently announced that congressional efforts to finalize a spending package were unsuccessful over the weekend, raising concerns about a potential US government shutdown starting March 2. Schumer expressed disappointment in a letter to colleagues, noting the need for more […]
EUR/GBP Nears 0.8540 Before ECB’s Lagarde Speech
EUR/GBP Nears 0.8540 Before ECB’s Lagarde Speech The EUR/GBP currency pair witnessed a halt in its three-day downtrend, observing a modest rise to approach 0.8540 during Monday’s Asian trading session. This upward movement is primarily attributed to the Euro (EUR) gaining strength following hawkish remarks from members of the European Central Bank (ECB). In addition, […]