Which Currencies Can I Trade on the Forex Market?
Which Currencies Can I Trade on the Forex Market? The Forex market, with its staggering average daily turnover of $7.5 trillion, stands as the world’s largest financial market. It presents traders with a dynamic and exciting arena to capitalize on currency movements. Thus, in this blog post, we will delve into the world of Forex trading, exploring the range of currencies available and how to engage in it with Xtreamforex. Understanding Forex Trading Basics At […]
Dollar Gains Ground as Investors Seek Safe Havens Following Israel Attack
Dollar Gains Ground as Investors Seek Safe Havens Following Israel Attack Following a surprise attack by Hamas within Israel, the US dollar demonstrated strength against most of its primary counterparts, reflecting currency traders’ immediate response to the sudden Middle East conflict escalation. Renowned as a safe haven during turbulent periods, the US dollar saw a 0.2% rise against the euro and pound. Conversely, riskier currencies like the Australian and New Zealand dollars witnessed declines. Meanwhile, […]
Middle East Conflict Sends US Stocks Down, Oil Prices Surge
Middle East Conflict Sends US Stocks Down, Oil Prices Surge In the wake of escalating military tensions in the Middle East, U.S. stock futures took a dip in Asian trading on Monday. This geopolitical unrest not only rattled the stock market but also triggered a surge in oil prices while bolstering Treasuries. The situation unfolded amid positive indicators from the U.S. job market in September, adding to the anticipation surrounding the forthcoming inflation data release […]
GBP/USD Holds Steady Above 1.2200 Amid Geopolitical Tensions
GBP/USD Holds Steady Above 1.2200 Amid Geopolitical Tensions The GBP/USD currency pair has been exhibiting some resilience in the face of geopolitical tensions and economic uncertainty. After opening with a modest bearish gap below 1.2200 levels at the start of a new week, the pair managed to recover, moving closer to a one-week high touched on the preceding Friday. Spot prices are currently fluctuating around the 1.2220-1.2225 region, primarily influenced by the performance of the […]