What is the Clearing and Settlement Process in the Stock Market?
Navigating the stock market can seem like a daunting task, especially when it comes to understanding the clearing and settlement process. At Xtreme Markets, we believe in making stock trading accessible and easy to understand for everyone. So, let’s break down what clearing and settlement mean in the world of stock trading. What Happens When […]
Japanese Yen Nears Multi-Month Low as BoJ Pivot Expectations Diminish
Japanese Yen Nears Multi-Month Low as BoJ Pivot Expectations Diminish The Japanese Yen (JPY) has been experiencing a defensive stance against the US Dollar (USD) for three consecutive days, approaching its weekly low as the European trading session begins on Friday. This trend is a result of diminishing investor confidence in the Bank of Japan’s […]
UK Consumer Confidence Declines Due to Economic Uncertainty
UK Consumer Confidence Declines Due to Economic Uncertainty UK consumer sentiment dipped in February, reflecting a hesitancy among households to increase spending, despite indications that the economy might be recovering from a recent mild recession. The decline was noted in the GfK’s key sentiment gauge, which fell by 2 points to a level of -21, […]
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 […]
Gold Price Hovers Near 50-Day SMA Amid Soft USD, Lacking Bullish Momentum
Gold Price Hovers Near 50-Day SMA Amid Soft USD, Lacking Bullish Momentum The Gold price (XAU/USD) continues its upward trajectory for the sixth consecutive day, reaching above the $2,030 level in the early European trading session. This marks a climb closer to the over one-week high achieved the day before. Despite the Federal Reserve’s (Fed) […]
Survey Indicates Australia Likely to Reduce Interest Rates in Third Quarter
Survey Indicates Australia Likely to Reduce Interest Rates in Third Quarter Australian economists have recently updated their predictions regarding the Reserve Bank of Australia’s (RBA) monetary policy, anticipating an earlier start to the bank’s easing cycle. This shift in expectation is based on modest reductions in inflation forecasts and aligns with the current trends in […]
Nikkei Reaches Historic Peak, Echoing 1989 Highs
Nikkei Reaches Historic Peak, Echoing 1989 Highs Japanese stocks have achieved a remarkable milestone, reaching a record high on Thursday that surpasses levels last witnessed in 1989 during the height of the bubble economy. This surge in the Nikkei share average, which peaked at 39,156.97 points, has marked a significant moment in Japan’s financial history, […]
Japanese Yen Awaits FOMC Minutes for Clear Direction
Japanese Yen Awaits FOMC Minutes for Clear Direction The Japanese Yen (JPY) is currently navigating through a period of uncertainty, maintaining a consistent range against the US Dollar (USD) as the European trading session unfolds on Wednesday. This stability in the currency pair is the result of conflicting forces impacting the Yen. On one hand, […]
Pound Drops Amid Cautious Market Sentiment, Awaiting BoE Bailey’s Speech
Pound Drops Amid Cautious Market Sentiment, Awaiting BoE Bailey’s Speech The Pound Sterling (GBP) is currently experiencing a significant downturn as it grapples with the ongoing uncertainty surrounding the Bank of England’s (BoE) monetary policy approach. This uncertainty is primarily rooted in the increasing risks of the United Kingdom entering a technical recession, a scenario […]
China’s Economy Set for Strong Recovery Path
China’s Economy Set for Strong Recovery Path China’s economy is poised for a significant recovery this year, with indicators pointing towards a resurgence in consumer spending, services activities, and export growth. This positive trend has been highlighted by various global financial institutions and senior experts, despite acknowledging potential vulnerabilities due to ongoing challenges. One of […]
USD/CAD Falters Below 1.3400, Stays Under Recent Multi-Week Peak
USD/CAD Falters Below 1.3400, Stays Under Recent Multi-Week Peak The USD/CAD currency pair experienced a slight uptick, nearing the 1.3400 level as the European session commenced on Wednesday. Despite this increase, the pair remained just shy of the multi-week peak it had achieved on the preceding day, Tuesday. The strength of the US Dollar is […]
Gold Price Maintains Minor Gains Amid Uncertainty Over Fed’s Rate Decision
Gold Price Maintains Minor Gains Amid Uncertainty Over Fed’s Rate Decision On Tuesday, the price of gold (XAU/USD) saw a resurgence, gradually recovering from the near three-week low of around the $2,017-2,016 zone, which it had reached the day before. This rebound is primarily attributed to the recent decline in US Consumer Inflation Expectations, which […]
WTI Nears $73.00 Amidst Rising Tensions in Israel-Gaza and Disruptions in Libya’s Oilfields
WTI Nears $73.00 Amidst Rising Tensions in Israel-Gaza and Disruptions in Libya’s Oilfields In recent developments during the Asian trading session, West Texas Intermediate (WTI) crude oil prices are trending upwards, nearing the $73.00 mark per barrel. This increase is largely attributed to a combination of geopolitical tensions and supply disruptions in key oil-producing regions. […]
Japanese Yen Continues Downward Trend Versus US Dollar, Reaching Almost Two-Week Low
Japanese Yen Continues Downward Trend Versus US Dollar, Reaching Almost Two-Week Low The Japanese Yen continued its downward spiral against the US Dollar, marking the third consecutive day of decline as it touched a new two-week low in the European trading session. The drop is attributed to several domestic and international factors exerting pressure on […]
Asian Markets Decline Following Federal Reserve Minutes, with China at the Forefront
Asian Markets Decline Following Federal Reserve Minutes, with China at the Forefront In the Asian financial markets, stocks experienced a downturn, with China’s market fragility contributing significantly to the cautious sentiment following revelations from the Federal Reserve’s meeting minutes. These minutes indicated a likelihood of persistently high interest rates, dampening investor enthusiasm. As this information […]
Top 10 Tips for Managing Risk in Forex Trading
In the exciting world of of Forex trading, managing risk is the cornerstone of a sustainable and profitable journey. As the market’s volatility dances to the global economic rhythm, traders, especially those engaging with an ECN Forex Broker like Xtreamforex, must strategize to safeguard their investments. Here are the top 10 tips to manage risk […]
Australian Dollar Steadies Above Key Mark Before US PMI, FOMC Minutes
Australian Dollar Steadies Above Key Mark Before US PMI, FOMC Minutes The Australian Dollar (AUD) is navigating choppy waters, managing to hold above the crucial 0.6750 threshold against the US Dollar (USD). The AUD, tied closely to commodity markets, is under pressure from a global growth slowdown at 2024’s end, nudging investors towards the USD. […]
Dollar Starts 2024 at Peak Since March Amid Fed Policy Review
Dollar Starts 2024 at Peak Since March Amid Fed Policy Review The US dollar heralded the start of 2024 by recording its largest daily surge since March, as market participants scaled down their predictions regarding the Federal Reserve’s interest rate cuts for the year. On Tuesday, the Bloomberg Dollar Spot Index climbed over 0.7%, marking […]