Gold Prices Decline Amid Renewed Demand for US Dollar
Gold Prices Decline Amid Renewed Demand for US Dollar Gold prices (XAU/USD) lost their upward momentum on Tuesday, falling as renewed demand for the US Dollar (USD) strengthened. This decline was influenced by various factors, including geopolitical tensions and expectations surrounding the Federal Reserve’s monetary policy. The recent US Nonfarm Payrolls (NFP) data, which fell […]
Treasury Rally Faces $125B Barrier
Treasury Rally Faces $125B Barrier Bond traders welcomed signs of a cooling US labor market, sparking a surge in US Treasuries on Friday. The government report indicating unexpected softness in job and wage gains last month contributed to a late-week rally, which began after Federal Reserve Chair Jerome Powell hinted at potential rate cuts in […]
USD/JPY Ends Three-Day Slide Above 153.50 as Yellen Warns on Currency Intervention
USD/JPY Ends Three-Day Slide Above 153.50 as Yellen Warns on Currency Intervention The USD/JPY pair staged a notable reversal during Monday’s Asian trading session, breaking a three-day losing streak. This upward movement was fueled by a modest recovery in the US Dollar (USD) and remarks made by US Treasury Secretary Janet Yellen regarding potential Japanese […]
Oil Industry Flush with Cash Shows Reduced Appetite for Debt
Oil Industry Flush with Cash Shows Reduced Appetite for Debt In the last year, the oil industry witnessed a significant decline in profits compared to previous years, with a notable decrease across the board in oil and gas companies as prices dropped due to diminished concerns over supply security. Despite these lower profits, the industry […]
WTI Falls to Seven-Week Low, Dips Below $80 Amid Unexpected Crude Inventory Increase
WTI Falls to Seven-Week Low, Dips Below $80 Amid Unexpected Crude Inventory Increase Western Texas Intermediate (WTI), the benchmark for US crude oil, dropped to a seven-week low, trading around $79.20 on Thursday. This decline was influenced by an unexpected increase in US crude inventories and diminishing geopolitical tensions in the Middle East. For the […]
Ex-Official: Japan’s FX Intervention Marks Threshold
Ex-Official: Japan’s FX Intervention Marks ¥160 Threshold Columbia University academic and former finance ministry executive Takatoshi Ito indicated that Japanese authorities likely intervened in the currency market, viewing ¥160 to the dollar as a critical threshold. Ito, who has connections with former and current Japanese policymakers, suggested that interventions aim to curb speculative trading and […]
8 Reasons You Should Learn To Read Price Action
If you’re looking to enhance your trading skills, learning to read price action is essential. Price action trading allows you to make informed decisions based on the actual price movements on the chart, rather than relying solely on technical indicators. At Xtreme Markets, we believe that understanding price action can significantly improve your trading performance, […]
Powell Expected to Indicate Rate Cuts Hinge on Further Inflation Reduction
Powell Expected to Indicate Rate Cuts Hinge on Further Inflation Reduction Following three consecutive inflation reports that exceeded expectations, Federal Reserve officials have become increasingly cautious about the likelihood of interest rate cuts this year. As they conclude their latest policy meeting on Wednesday, the focus is on whether they will continue to anticipate any […]
USD/CAD Rises Above 1.3750 as Markets Await Fed Rate Decision
USD/CAD Rises Above 1.3750 as Markets Await Fed Rate Decision The USD/CAD currency pair was trading positively around 1.3778 on Wednesday during the early trading hours in Asia. The pair gained strength, influenced by weaker economic indicators from Canada and a robust US Dollar. Specifically, Canada’s Gross Domestic Product (GDP) for February underperformed expectations, growing […]
Gold Price Sees Modest Losses, Downside Limited Before FOMC
Gold Price Sees Modest Losses, Downside Limited Before FOMC Gold prices (XAU/USD) are slightly lower in Tuesday’s Asian trading session but remain within the trading range established over the past week. This stability follows the release of the US Personal Consumption Expenditures (PCE) Price Index on Friday, which solidified expectations that the Federal Reserve (Fed) […]
Japanese Yen Defensive, Holds 157.00 Against USD Before US Data
Japanese Yen Defensive, Holds 157.00 Against USD Before US Data The Japanese Yen (JPY) continues to struggle against the US Dollar (USD) in Tuesday’s Asian trading session, moving further away from its one-week peak of the mid-154.00s reached on Monday. Despite potential intervention from Japanese authorities and speculation about policy adjustments, the Bank of Japan’s […]
Japan Drives Asian Stocks Up, China PMI Steady
Japan Drives Asian Stocks Up, China PMI Steady Asian stock markets saw gains on Tuesday, with Japan taking the lead, as recent Chinese economic data indicated sustained recovery in the world’s second-largest economy. Japanese and Hong Kong indices climbed, while Chinese mainland shares showed mixed responses after reports of continued growth in factory activities. Meanwhile, […]
Japan, EU Strengthen Economic Security, Lessen Reliance on China
Japan, EU Strengthen Economic Security, Lessen Reliance on China Japan and the European Union are set to enhance their cooperation on economic security, focusing on improving the resilience of supply chains for critical materials like semiconductors. This decision emerges as both parties seek to decrease their reliance on specific countries, notably China. The leaders plan […]
USD/CAD Drops Below 1.3650 Amid Weaker US Dollar
USD/CAD Drops Below 1.3650 Amid Weaker US Dollar The USD/CAD currency pair experienced a dip to 1.3645 during the early European trading hours on Monday, marking its lowest point in nearly three weeks. This decline was primarily driven by a weakening US Dollar (USD), which continues to be the dominant force influencing the pair, especially […]
Australian Dollar Rises Amid Hawkish RBA Sentiment
Australian Dollar Rises Amid Hawkish RBA Sentiment The Australian Dollar (AUD) marked its fifth consecutive session of gains against the US Dollar (USD) on Friday, buoyed by increasing expectations of a hawkish monetary policy from the Reserve Bank of Australia (RBA). This outlook was further supported by TD Securities’ revised forecast, which pushed back the […]
Tokyo Inflation Slows Again, Falls Below BOJ Target
Tokyo Inflation Slows Again, Falls Below BOJ Target In Tokyo, core inflation decelerated for the second consecutive month in April, dropping below the Bank of Japan’s (BOJ) 2% target. This trend emerged just before the BOJ concluded its two-day policy meeting, where it was anticipated that interest rates would remain unchanged and new inflation forecasts […]
EUR/JPY Rises Above 167.50 After BoJ Rate Decision
EUR/JPY Rises Above 167.50 After BoJ Rate Decision The EUR/JPY currency pair soared to its highest level since 2008, reaching 167.20 during the Asian trading session on Friday. This significant rise is largely attributed to the depreciation of the Japanese Yen (JPY) following the Bank of Japan’s (BoJ) latest policy announcement.In its April meeting, the […]
Gold Price Steady Above $2,300, Awaits US Data
Gold Price Steady Above $2,300, Awaits US Data During the Asian trading session on Thursday, the price of gold (XAU/USD) continued its steady movement, maintaining a position above the $2,300 mark. Investors are currently in a holding pattern, awaiting further indications regarding the Federal Reserve’s (Fed) potential path on interest rate cuts before making any […]