USD/CHF Falls to 0.8670 Amid Dovish Fed, Awaits SNB Decision
USD/CHF Falls to 0.8670 Amid Dovish Fed, Awaits SNB Decision In the current financial climate, the USD/CHF currency pair has sustained its downward trajectory for the fourth consecutive day, hovering around the 0.8670 mark during Thursday’s Asian trading hours. This comes as the market braces for the Swiss National Bank’s (SNB) impending Interest Rate Decision. […]
Gold Hits New Multi-Week Low, Awaits 50-Day SMA Test Before Fed Verdict
Gold Hits New Multi-Week Low, Awaits 50-Day SMA Test Before Fed Verdict Gold prices have dipped to a multi-week nadir as the market braces for the upcoming Federal Reserve decision. For the fourth consecutive day, the precious metal traded lower, touching levels near $1,974 per ounce during the European trading session. This downward trajectory aligns […]
New Zealand Government Strips Employment Focus from Central Bank’s Role
New Zealand Government Strips Employment Focus from Central Bank’s Role In a landmark legislative move, New Zealand’s newly formed coalition government has overhauled the Reserve Bank of New Zealand’s (RBNZ) guiding mandate. The legislation, enacted on Wednesday, narrows the focus of the central bank to primarily ensure price stability, stepping away from its previous dual […]
Dow, S&P Hit Peak Since Jan ’22 as Stocks Rally Before Fed
Dow, S&P Hit Peak Since Jan ’22 as Stocks Rally Before Fed On Tuesday, U.S. stock markets demonstrated a robust performance, with major indices climbing to their highest points since the early days of 2023. This market buoyancy comes as investors digest a pivotal inflation report ahead of the Federal Reserve’s year-end policy meeting. The […]
AUD Holds Above Key Level, Anticipates RBA Bullock’s Speech
AUD Holds Above Key Level, Anticipates RBA Bullock’s Speech The Australian Dollar (AUD) has seen its value diminish for a second consecutive trading session on Monday, signaling a sustained bearish trend against its US counterpart. This downward trajectory has been influenced significantly by robust employment data emerging from the United States, which gave a considerable […]
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 […]