Australian Dollar Gains Despite Weak US Dollar
Australian Dollar Gains Despite Weak US Dollar The Australian Dollar (AUD) extended its recent gains on Monday, maintaining its position around the three-week peak of 0.6560. This upward trend began on April 22, largely driven by increasing hawkish expectations for the Reserve Bank of Australia (RBA) following last week’s higher-than-expected CPI inflation data. Warren Hogan, […]
Japan, EU Strengthen Economic Security, Lessen Reliance on China
Japan, EU Strengthen Economic Security, Lessen Reliance on China Japan and the European Union are set to enhance their cooperation on economic security, focusing on improving the resilience of supply chains for critical materials like semiconductors. This decision emerges as both parties seek to decrease their reliance on specific countries, notably China. The leaders plan […]
USD/CAD Drops Below 1.3650 Amid Weaker US Dollar
USD/CAD Drops Below 1.3650 Amid Weaker US Dollar The USD/CAD currency pair experienced a dip to 1.3645 during the early European trading hours on Monday, marking its lowest point in nearly three weeks. This decline was primarily driven by a weakening US Dollar (USD), which continues to be the dominant force influencing the pair, especially […]
Australian Dollar Rises Amid Hawkish RBA Sentiment
Australian Dollar Rises Amid Hawkish RBA Sentiment The Australian Dollar (AUD) marked its fifth consecutive session of gains against the US Dollar (USD) on Friday, buoyed by increasing expectations of a hawkish monetary policy from the Reserve Bank of Australia (RBA). This outlook was further supported by TD Securities’ revised forecast, which pushed back the […]
Tokyo Inflation Slows Again, Falls Below BOJ Target
Tokyo Inflation Slows Again, Falls Below BOJ Target In Tokyo, core inflation decelerated for the second consecutive month in April, dropping below the Bank of Japan’s (BOJ) 2% target. This trend emerged just before the BOJ concluded its two-day policy meeting, where it was anticipated that interest rates would remain unchanged and new inflation forecasts […]
EUR/JPY Rises Above 167.50 After BoJ Rate Decision
EUR/JPY Rises Above 167.50 After BoJ Rate Decision The EUR/JPY currency pair soared to its highest level since 2008, reaching 167.20 during the Asian trading session on Friday. This significant rise is largely attributed to the depreciation of the Japanese Yen (JPY) following the Bank of Japan’s (BoJ) latest policy announcement.In its April meeting, the […]
Gold Price Steady Above $2,300, Awaits US Data
Gold Price Steady Above $2,300, Awaits US Data During the Asian trading session on Thursday, the price of gold (XAU/USD) continued its steady movement, maintaining a position above the $2,300 mark. Investors are currently in a holding pattern, awaiting further indications regarding the Federal Reserve’s (Fed) potential path on interest rate cuts before making any […]
Yen Nears Intervention Threshold as BOJ Meeting Begins
Yen Nears Intervention Threshold as BOJ Meeting Begins Yen traders are on edge as they recall September 2022, when Japan intervened to support its faltering currency following a central bank decision that maintained an easy monetary policy. The situation today sees the yen considerably weaker than last year, compounded by the fact that US interest […]
Apple’s Market Lead in China Slips as Q1 Shipments Drop 6.6%
Apple’s Market Lead in China Slips as Q1 Shipments Drop 6.6% Apple has been dethroned as the leading smartphone seller in China during the first quarter of 2024, according to preliminary data released by research firm IDC on Thursday. The company saw its smartphone shipments decline by 6.6% compared to the same period last year, […]
Forex Trading Mentor To Help Learn Forex
Starting your journey in Forex trading can seem complex and intimidating, especially given the vastness and fast pace of the forex markets. Fortunately, having a Forex trading mentor can be an invaluable asset. They can simplify the learning process and increase your chances of success. Understanding the Value of a Forex Trading Mentor Navigating the […]
Best 7 Reasons To Start Forex Trading Today
If you’re looking for a way to diversify your investment portfolio or simply want to try something new, Forex trading might just be the ticket. Here’s why starting your Forex trading journey today could be a great decision, especially with a broker like Xtrememarkets. 1. Accessibility Forex trading is highly accessible. You don’t need a […]
XAG/USD Dips Below $27.00 as Risk Appetite Grows
XAG/USD Dips Below $27.00 as Risk Appetite Grows Silver prices (XAG/USD) softened for a second day, hovering around $26.95 during the early European session on Tuesday. The market’s improved sentiment, driven by reduced fears of escalating Middle East conflicts, is dampening demand for the metal known for its safe-haven allure. Investors are also cautious, opting […]
Trading Stocks Vs Forex: Which Market is Right for You
When you’re thinking about where to invest your money, you might be wondering whether to choose stock trading or forex trading. Both options have their own unique features and can be good choices, depending on what you’re looking for. Let’s break down the differences between these two types of trading to help you decide which […]
10 Ways to Quickly Improve Your Online Forex Trading
If you’re aiming to enhance your skills in online forex trading, you’ve come to a great starting point. At Xtreme Markets, we are dedicated to empowering our clients with the knowledge and tools for successful trading. Thus, here’s a guide on 10 effective ways to improve your online forex trading skills. Educate Yourself Continuously The […]
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, […]