ECB Plans Another Rate Hike while Maintaining Flexibility for September
ECB Plans Another Rate Hike while Maintaining Flexibility for September The European Central Bank (ECB) is set to raise interest rates for the ninth consecutive time on Thursday, amid the ongoing battle against surging inflation and mounting evidence of an economic slowdown. With inflation still remaining stubbornly high and projected to take until 2025 to […]
FOMC Adopts Flexible Policy Assessment, Meeting by Meeting
FOMC Adopts Flexible Policy Assessment, Meeting by Meeting In response to the complex challenges and uncertainties tied to balancing potential inflationary pressures against notable risks to economic expansion, the Federal Open Market Committee (FOMC) has adopted a flexible approach. The monetary policymaking body of the Federal Reserve System will now assess its policy on a […]
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD The AUD/USD currency pair demonstrated considerable strength during Thursday’s Asian trading session, surpassing the key 0.6800 level. This significant surge was largely driven by a weakening US Dollar, pushing the major pair to trade around 0.6807, marking a day’s gain of 0.75%. This movement exhibits the dynamic […]
U.S. Stocks Rise as Market Awaits Fed Decision
U.S. Stocks Rise as Market Awaits Fed Decision On Tuesday, the U.S. stock market experienced a positive swing, with investors closely watching earnings reports and eagerly anticipating the outcome of the U.S. Federal Reserve’s interest rate decision. The Dow Jones Industrial Average, one of the key indices in the stock market, ended the day with […]
Nearly 76% of Business Leaders View Japan’s Economy as ‘Growing’
Nearly 76% of Business Leaders View Japan’s Economy as ‘Growing’ A recent survey conducted by Asahi Shimbun has shown a positive shift in business sentiment among Japan’s corporate leaders. Of the 100 major companies surveyed nationwide, 76% perceive the domestic economy as either “expanding” or “gradually expanding.” This marks a significant increase from the previous […]
USD/CHF Dips, Stays Above 0.8600 Pre-FOMC
USD/CHF Dips, Stays Above 0.8600 Pre-FOMC Today, the USD/CHF currency pair is again experiencing a downward trend, marking a second consecutive day of decline. Following an intraday uptick to the 0.8655 region, the pair has seen fresh selling activity and drifted into negative territory. During the early European session, spot prices fell to a new […]
How to Use Stop Loss in Forex Trading
Online Forex trading has witnessed a surge in popularity, attracting individuals to the vast and dynamic market. However, navigating the volatility can be daunting, especially for beginners. A crucial aspect of successful online Forex trading lies in understanding and employing stop loss orders effectively. In this blog post, we will delve into the intricacies of […]
EUR/USD Unlikely to Hit 1.1095 Before Fed/ECB Meetings
EUR/USD Unlikely to Hit 1.1095 Before Fed/ECB Meetings Global financial markets faced a significant shakeup yesterday, primarily driven by the less-than-stellar July Purchasing Managers Index (PMI) data from the European Monetary Union (EMU). Both the manufacturing and services sectors in the region showed distinct signs of contraction. This negative performance led to a pronounced drop […]
US Dollar Index Reaches Near Two-Week High Amid Firm Yields
US Dollar Index Reaches Near Two-Week High Amid Firm Yields The US Dollar Index (DXY), a measure of the US dollar’s value against a basket of six major currencies, has been experiencing a steady uptick. It reached near two-week highs during the early Asian trading session on Tuesday, hovering around 101.45-40. This trend marks the […]
AUD/USD Holds Firm to Robust Intraday Advances, Nears Daily Peak at Approximately 0.6770-75 Range
AUD/USD Holds Firm to Robust Intraday Advances, Nears Daily Peak at Approximately 0.6770-75 Range The Australian Dollar (AUD) against the US Dollar (USD) pair, also known as AUD/USD, has been exhibiting strong intraday gains during the early European trading session on Tuesday. For the second consecutive day, it continues to experience fresh buying interest around […]
How to Start Your Trading Career the Right Way
Embark on an exciting and lucrative trading career and set yourself up for success from the very beginning. In this blog, we’ll walk you through the essential steps to kickstart your trading journey. Plus, we’ll introduce you to Xtreamforex, a leading brokerage firm offering a state-of-the-art FX trading platform. Step 1: Educate Yourself Before delving […]
Optimism in Asian Stock Markets as Fed, ECB, and BoJ Meetings Loom; China’s Performance Lags Despite Stimulus Hopes
Optimism in Asian Stock Markets as Fed, ECB, and BoJ Meetings Loom; China’s Performance Lags Despite Stimulus Hopes Asian stock markets experienced a mixed start to the week, with Japan’s Nikkei 225 emerging as the top performer, soaring by nearly 1.5% fueled by robust quarterly earnings from major automotive manufacturers. The overall Japanese market sentiment […]
WTI Oil Holds Steady Above $76.60 as FOMC Meeting Approaches
WTI Oil Holds Steady Above $76.60 as FOMC Meeting Approaches Western Texas Intermediate (WTI), the benchmark for US crude oil, is maintaining its position above the $76.60 level on Friday, displaying consolidation after achieving its fourth consecutive weekly gain. This upward momentum comes amidst indications of a tightening oil market. Adding to market dynamics, tensions […]
Dollar Bearish Bets Reach Unprecedented High as Asset Managers Anticipate Slower US Inflation and Potential Fed Policy Shift
Dollar Bearish Bets Reach Unprecedented High as Asset Managers Anticipate Slower US Inflation and Potential Fed Policy Shift In a bold display of confidence, asset managers have aggressively increased their bearish bets on the dollar, reaching a historic peak. This surge in pessimistic sentiment comes amid growing speculation that the Federal Reserve’s prolonged tightening of […]
How To Improve Your Forex Trading In 2023
The foreign exchange market never sleeps, and neither does your ambition to become a successful trader. As we step into the exciting world of Forex in 2023, it’s time to brush up on our skills and take our trading game to new heights. But where do you begin? Fear not, dear traders, for we have […]
How to Finally Start Making Money Forex Trading
Foreign exchange (Forex) trading has become a popular way for people worldwide to potentially increase their income. This form of online trading involves the buying and selling of currencies on an open market, with the goal of making a profit from fluctuations in their value. However, like any investment, Forex trading comes with its own […]
USD/JPY Crosses 140.20 Mark in Surge While Investors Anticipate BoJ Rate Decision
USD/JPY Crosses 140.20 Mark in Surge While Investors Anticipate BoJ Rate Decision During the European session on Friday, the USD/JPY pair demonstrated strong upward momentum, crossing the 140.20 mark. This surge in the exchange rate can be attributed to the diverging monetary policies pursued by the Bank of Japan (BoJ) and the Federal Reserve (Fed). […]
China to Boost Private Economy with New Measures, Officials Say
China to Boost Private Economy with New Measures, Officials Say Chinese officials have reaffirmed their commitment to revitalizing the private economy by implementing additional measures. This comes in response to the issuance of a guideline by the Communist Party of China Central Committee and the State Council, which focuses on promoting the growth of the […]