EUR/USD Recovers Near 1.0760 Amid Strong US Dollar
EUR/USD Recovers Near 1.0760 Amid Strong US Dollar The currency pair EUR/USD has demonstrated a recovery, climbing back up to a rate hovering around 1.0760, following a dip to its three-week nadir of 1.0723 observed last Friday. The pair’s resurgence occurred during the Asian market session on Monday. This bounce-back was juxtaposed against the backdrop […]
AUD/JPY Falls to Three-Week Low, Below 97.00 Following RBA’s Rate Decision
AUD/JPY Falls to Three-Week Low, Below 97.00 Following RBA’s Rate Decision In the foreign exchange markets, the Australian Dollar (AUD) against the Japanese Yen (JPY) pair has experienced a significant downturn, reaching its lowest level in three weeks. This decline occurred in the aftermath of the Reserve Bank of Australia’s (RBA) recent rate decision. The […]
GBP/USD Trading Below 1.2700, Focus on US Services PMI
GBP/USD Trading Below 1.2700, Focus on US Services PMI The British Pound (GBP) trades cautiously below the key level of 1.2700 against the US Dollar (USD), with its current position hovering around 1.2680, reflecting a slight decline of 0.23% within the Asian trading session on Monday. Despite its dip, the GBP/USD pair shows resilience, bolstered […]
Japan, South Korea Equities Poised for Strong November Gains, China Trails Behind
Japan, South Korea Equities Poised for Strong November Gains, China Trails Behind In November, Japan’s Nikkei 225 and South Korea’s KOSPI outperformed other Asian markets, buoyed by the expectation of a more dovish Federal Reserve, which enhanced the appeal of riskier assets. The Nikkei approached 33-year highs, increasing by 7.9% for the month, as foreign […]
Australian Dollar Rises Amid Hopes for Chinese Stimulus After Weak Data
Australian Dollar Rises Amid Hopes for Chinese Stimulus After Weak Data The Australian Dollar (AUD) has demonstrated resilience, rebounding from its recent slump even as Australia’s economic figures showed a downturn. The AUD/USD pair, after peaking near a four-month high at 0.6676, has seen a slight pullback. This movement comes amid a broad recovery of […]
Learn How to Trade the Forex Market in 5 Steps
Forex trading, the exchange of foreign currencies, can be both exciting and lucrative. However, it’s essential to learn about trading in this dynamic market before diving in. Whether you’re a beginner or an experienced trader looking to refresh your knowledge, these five steps will guide you through the process of becoming a proficient Forex trader. […]
WTI Maintains Slight Uptick, Trading Near $76.50 as Market Anticipates US PMI Data Release
WTI Maintains Slight Uptick, Trading Near $76.50 as Market Anticipates US PMI Data Release Western Texas Intermediate (WTI), a key benchmark for U.S. crude oil, has been trading around $76.50, demonstrating modest gains as the market awaits pivotal developments from the Organization of Petroleum Exporting Countries and allies (OPEC+). This anticipation is primarily centered around […]
Japanese Currency Gains Strength Amid Speculation of Upcoming Changes in Bank of Japan’s Policy Approach
Japanese Currency Gains Strength Amid Speculation of Upcoming Changes in Bank of Japan’s Policy Approach The Japanese Yen (JPY) has recently exhibited a notable shift in its value, influenced by a combination of domestic economic data and international monetary speculations. During the Asian trading session on Friday, the JPY experienced a slight decline following the […]
Asian Stocks Decline Due to Chinese Market Impact, Dollar Experiences Weakness
Asian Stocks Decline Due to Chinese Market Impact, Dollar Experiences Weakness Asian markets experienced a downturn on Friday, influenced by Chinese shares and with little direction from Wall Street, closed for a holiday. Meanwhile, the dollar remained subdued as expectations grow that U.S. interest rates have reached their peak. Japan’s core consumer inflation and factory […]
China Strives to Quell Property Market Concerns, Aims to Close $446 Billion Financing Shortfall
China Strives to Quell Property Market Concerns, Aims to Close $446 Billion Financing Shortfall China is intensifying efforts to address a significant shortfall in the real estate sector, pushing banks to address an estimated $446 billion gap required for stabilizing the market and completing millions of unfinished housing units. The government is nearing completion on […]
What is the Minimum Deposit to Get Started with Copy Trading?
In the fast-paced world of forex trading, beginners often seek ways to dive into the market without becoming experts overnight. Xtream Forex copy trading offers an innovative solution. With a minimum deposit of just 100 USD, this method opens the doors to the currency market for novices as well as seasoned traders. Simplicity at Its […]
Asian Markets Set to Reflect Downturn in US Indices Amid Hawkish Federal Reserve Outlook
Asian Markets Set to Reflect Downturn in US Indices Amid Hawkish Federal Reserve Outlook Asian stock markets are bracing for a potential downturn, shadowing the recent halt in the rally of US benchmarks. This shift in market sentiment is largely influenced by the Federal Reserve’s reaffirmed hawkish stance, as revealed in its latest meeting minutes. […]
Gold Holds Near Two-Week High Ahead of FOMC Minutes
Gold Holds Near Two-Week High Ahead of FOMC Minutes Gold prices (XAU/USD) have shown robust gains on Tuesday, maintaining their strong performance near a two-week high during the early European session. The persistent weakening of the US Dollar (USD) is a key driver, fueled by growing expectations of a dovish stance from the Federal Reserve […]
Dollar Remains Weak Amid Expectations of U.S. Rates Peaking
Dollar Remains Weak Amid Expectations of U.S. Rates Peaking The dollar continued to weaken against major currencies, reaching multi-month lows on the euro and other currencies as investors anticipate declining U.S. interest rates in the coming year. In early Asian trading, the dollar index slipped below its 200-day moving average, extending its recent weakness. The […]
Asian Stocks Reach 2-Month High as Dollar Takes Defensive Stance Amid Fed View
Asian Stocks Reach 2-Month High as Dollar Takes Defensive Stance Amid Fed View Asian stocks reached a two-month high on Tuesday, mirroring gains on Wall Street, while the dollar remained weak due to expectations that the U.S. Federal Reserve has concluded its interest rate hike cycle. The MSCI’s broadest index of Asia-Pacific shares outside Japan […]
Pimco Invests in Yen Anticipating Stricter BOJ Policies
Pimco Invests in Yen Anticipating Stricter BOJ Policies Pacific Investment Management Co. (Pimco) is strategically purchasing Japanese yen, speculating that Japan’s central bank may soon implement tighter monetary policies due to rising inflation. The investment firm took a bullish stance on the yen, building up a long position as the currency’s value dipped beyond 140 […]
How To Choose The Best Forex Broker For Your Trading Strategy
Choosing the best forex broker for your trading strategy is a crucial decision for any trader. The forex market, with its vast liquidity and 24/5 operation, offers ample opportunities for trading. However, the success of your trading endeavors largely depends on the broker you choose. In this article, we will explore key factors to consider […]
British Pound Struggles Against Yen as BoE’s Bailey Could Sway Sentiment
British Pound Struggles Against Yen as BoE’s Bailey Could Sway Sentiment The British Pound continues to struggle against the Japanese Yen, remaining subdued below the key level of 185.00 for the second consecutive day as of Wednesday. Market participants are maintaining a cautious stance, with the GBP/JPY pair trading defensively during the European trading session’s […]