EUR/USD Gains Momentum in the Mid-1.0800 Range Due to a Weakening US Dollar
EUR/USD Gains Momentum in the Mid-1.0800 Range Due to a Weakening US Dollar As the new week commences, the EUR/USD currency pair exhibits a positive trajectory in the early trading hours of Monday in Asia. This uptrend in one of the major currency pairs is primarily underpinned by a diminishing strength of the US Dollar […]
WTI Stays Under $78.00 as US PCE Data Approaches
WTI Stays Under $78.00 as US PCE Data Approaches Western Texas Intermediate (WTI), the benchmark for US crude oil, is currently hovering around $77.75 as of Thursday. The WTI prices have seen a slight decline, influenced by the Federal Reserve’s (Fed) decision to postpone initial rate cuts and the pressure from increasing US oil inventories. […]
Yen Rises on Bank of Japan’s Strong Hint at Upcoming Rate Increase
Yen Rises on Bank of Japan’s Strong Hint at Upcoming Rate Increase Bank of Japan (BOJ) board member Hajime Takata recently opened discussions about a potential interest rate hike and the possibility of moving away from negative interest rates in Japan, stirring significant market reactions. Following his remarks, the USD/JPY pair experienced a notable 50 […]
US Equities Decline as Market Anticipates Crucial PCE Inflation Data
On Wednesday, US stock markets experienced a decline as investors focused their attention on the anticipated inflation data while evaluating the prospects of interest rate adjustments in the current year. This downturn was marked by a notable drop in major market indices, with the Dow Jones Industrial Average recording its third consecutive session of losses. […]
USD/CAD Nears Two-Week High, Oil Price Surge May Limit Gains Before US Data
USD/CAD Nears Two-Week High, Oil Price Surge May Limit Gains Before US Data The USD/CAD currency pair has been on a rising trend for the fourth consecutive day, reaching a near two-week peak around the 1.3545 mark during the Asian trading session on Wednesday. This upward movement is largely driven by an increased demand for […]
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 […]
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 […]
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) […]
Survey Indicates Australia Likely to Reduce Interest Rates in Third Quarter
Survey Indicates Australia Likely to Reduce Interest Rates in Third Quarter Australian economists have recently updated their predictions regarding the Reserve Bank of Australia’s (RBA) monetary policy, anticipating an earlier start to the bank’s easing cycle. This shift in expectation is based on modest reductions in inflation forecasts and aligns with the current trends in […]
Nikkei Reaches Historic Peak, Echoing 1989 Highs
Nikkei Reaches Historic Peak, Echoing 1989 Highs Japanese stocks have achieved a remarkable milestone, reaching a record high on Thursday that surpasses levels last witnessed in 1989 during the height of the bubble economy. This surge in the Nikkei share average, which peaked at 39,156.97 points, has marked a significant moment in Japan’s financial history, […]
Japanese Yen Awaits FOMC Minutes for Clear Direction
Japanese Yen Awaits FOMC Minutes for Clear Direction The Japanese Yen (JPY) is currently navigating through a period of uncertainty, maintaining a consistent range against the US Dollar (USD) as the European trading session unfolds on Wednesday. This stability in the currency pair is the result of conflicting forces impacting the Yen. On one hand, […]
Africa’s Biggest Economy Struggles with Rising Inflation and Currency Turmoil
Africa’s Biggest Economy Struggles with Rising Inflation and Currency Turmoil Nigeria is currently grappling with a severe economic crisis, characterized by nearly 30% annual inflation and a rapidly depreciating currency. The Nigerian naira recently hit an all-time low against the U.S. dollar, dropping to nearly 1,600 on the official market, a steep decline from around […]
GBP/USD Remains Steady Above 1.2600, Focus Shifts to FOMC Minutes
GBP/USD Remains Steady Above 1.2600, Focus Shifts to FOMC Minutes During the early hours of Wednesday’s Asian trading session, the GBP/USD pair saw a modest rise, climbing above the 1.2600 mark. This upward movement is largely attributed to positive remarks from Andrew Bailey, the Governor of the Bank of England (BoE), which provided a boost […]