Australian Dollar Nears Key Level as US Dollar Stays Weak
Australian Dollar Nears Key Level as US Dollar Stays Weak The Australian Dollar (AUD) has continued its upward trajectory for the second day in a row on Thursday, finding support from a weakening US Dollar (USD). Despite this, mixed signals from recent Australian employment data have placed some downward pressure on the AUD/USD exchange rate. On the domestic front, the AUD’s gains were propelled by a robust performance in the equity markets, with the ASX […]
Australian Jobless Rate Rises to 3.8% as Employment Falls
Australian Jobless Rate Rises to 3.8% as Employment Falls In a surprising turn of events, Australian employment decreased in March, leading to a slight increase in the unemployment rate amidst ongoing restrictive monetary policy measures. The Australian economy lost 6,600 jobs, contrary to expectations of a 10,000 job increase, particularly after February’s significant growth of over 100,000 jobs, according to government data released on Thursday. This downturn in employment pushed the unemployment rate up to […]
EUR/USD Stays Above 1.0650 as US Dollar Faces Fresh Sell-Off
EUR/USD Stays Above 1.0650 as US Dollar Faces Fresh Sell-Off The EUR/USD currency pair saw a modest increase, reaching 1.0672 in Thursday’s early Asian trading session. This rise was supported by a combination of renewed selling pressure on the US Dollar and a generally risk-acceptant market atmosphere. Key economic indicators set to be released later on Thursday include weekly Initial Jobless Claims, the Philadelphia Fed Manufacturing Index, the CB Leading Index, and Existing Home Sales. […]
Top Benefits of the Forex Market Maker
Top Benefits of the Forex Market Maker When it comes to online forex trading, understanding the role of a forex market maker can significantly enhance your trading strategy. At Xtreme Markets, we aim to demystify how market makers operate and highlight the benefits they bring to traders like you. Here’s a closer look at the advantages of engaging with a forex market maker. 1. Liquidity Provision One of the primary roles of a forex market […]