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, […]
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) […]