xtrememarkets

Japan’s PM Kishida to Outline New Economic Measures Next Week

Japan’s PM Kishida to Outline New Economic Measures Next Week Japan’s Prime Minister, Fumio Kishida, has announced his intention to unveil an ambitious economic stimulus package early next week, aimed at addressing pressing issues that have been affecting Japan’s economy. This announcement came during a press conference held at the U.N. General Assembly, where Kishida emphasized the importance of tackling several key economic challenges facing the nation. One of the primary focuses of this economic […]

Stocks Plummet, US Yields Surge, Dollar Gains Momentum as Federal Reserve Adopts Hawkish Stance

Stocks Plummet, US Yields Surge, Dollar Gains Momentum as Federal Reserve Adopts Hawkish Stance Asia-Pacific shares followed the downward trend set by Wall Street on Thursday, as investors interpreted the latest policy statements from the US Federal Reserve as a signal of higher and longer interest rates.  The broadest index of Asia-Pacific shares outside Japan, MSCI’s (.MIAPJ0000PUS), was down 0.4% in early afternoon Hong Kong time. Japan’s Nikkei (.N225) slid 0.6%, China’s blue-chip (.CSI300) dipped […]

How to Choose the Best Broker to Trade the Financial Markets

How to Choose the Best Broker to Trade the Financial Markets Venturing into the exciting world of financial trading is akin to setting sail on a new adventure. Yet, before you embark on this thrilling journey, there’s a crucial decision you must make: choosing the best trading broker. Your broker selection isn’t just about opening an account; it can significantly impact your trading experience and ultimate success. In this comprehensive guide, we’ll navigate the waters […]

New Zealand’s Current Account Deficit Beats Economists’ Expectations

New Zealand’s Current Account Deficit Beats Economists’ Expectations New Zealand’s current account deficit has decreased by $1 billion during the June quarter, dropping to $6.7 billion from $7.7 billion in the previous three months, as reported by Statistics NZ. This deficit signifies that New Zealand is spending more than it is earning overseas. Before the pandemic, the deficit ranged between 1% and 4% of GDP, but it surged to over 8% in late 2022 due […]

Japan’s Exports Decline Again Amid Weakening Global Demand

Japan’s Exports Decline Again Amid Weakening Global Demand Japan’s export market is experiencing a downturn as international demand plummets, raising substantial economic concerns due to the country’s significant reliance on foreign demand. In August, export values saw a 0.8% drop, primarily driven by a decrease in mineral fuel and chip-making machinery exports. Alarmingly, this downturn surpasses initial expert predictions and follows a two-year high in July, indicating a worrying trend of month-on-month declines. This export […]

USD/JPY Treads Water Below 148.00 Ahead of Fed Rate Decision

USD/JPY Treads Water Below 148.00 Ahead of Fed Rate Decision As the eagerly awaited Federal Reserve (Fed) interest rate decision inches closer, the USD/JPY currency pair finds itself in a holding pattern, oscillating within the narrow range of 147.70 to 147.85 during the early European trading session on Wednesday. Presently, the pair is hovering at 147.83, registering a minimal 0.01% decline for the day. Market participants widely anticipate the Fed to maintain its current interest […]

How to Choose the Top Forex Trading Techniques

How to Choose the Top Forex Trading Techniques Entering the world of online forex trading can be an exciting venture, but it can also be overwhelming, especially for beginners. Success in this dynamic field hinges on a deep understanding of the market’s intricacies and, equally important, selecting the most effective trading techniques. In this blog, we’ll guide you on how to pick the top forex trading strategies and find the best forex broker, such as […]

WTI Crude Oil Continues Its Ascent Below $91.00 Amid Tight Supply Prospects

WTI Crude Oil Continues Its Ascent Below $91.00 Amid Tight Supply Prospects WTI, the U.S. benchmark for crude oil, is demonstrating resilience as it hovers around the $90.90 mark on Tuesday, driven primarily by a constrained supply outlook championed by Saudi Arabia and Russia. Nonetheless, the trajectory of WTI prices remains clouded by concerns related to a potential economic deceleration in China, which could potentially impede further price hikes. The recent upswing in WTI prices […]

Asian Stocks Dip Amid Cautious Mood, Focus on Fed Rate Decision

Asian Stocks Dip Amid Cautious Mood, Focus on Fed Rate Decision Asian stock markets faced a mild setback on Tuesday, marked by cautious sentiment among investors as they awaited the forthcoming Federal Reserve interest rate decision. This heightened sense of caution stems from growing concerns that the Federal Reserve’s commitment to maintaining higher interest rates for an extended period could potentially exert a negative impact on consumers in the United States. As of the most […]

Data Shows US Treasury Foreign Holdings Rise in July, China’s Holdings Decline

Data Shows US Treasury Foreign Holdings Rise in July, China’s Holdings Decline Foreign holdings of U.S. Treasuries extended their upward trajectory for the second consecutive month in July, defying the backdrop of interest rate uncertainty fueled by a medley of economic indicators. According to data from the Treasury Department, total foreign holdings of U.S. Treasuries surged to $7.655 trillion, a noticeable uptick from the preceding month’s $7.562 trillion. Remarkably, this marks a 2.2% year-over-year increase […]

How Xtreamforex Partners Can Earn with New Payout System

How Xtreamforex Partners Can Earn with New Payout System The foreign exchange (Forex) market is a thriving ecosystem with a daily trading volume exceeding $7.5 trillion. Forex partners, often known as Introducing Brokers (IBs) or affiliates, play a pivotal role. They introduce traders to Forex brokers and earn IB commission based on the trading activities of these referred clients. Recognizing the significance of these partners, Xtream Markets Ltd, operating as XtreamForex, has taken a significant […]

ECB Official Advocates Government Action Against Inflation and Explores Benefits of Fiscal Policy Tightening

ECB Official Advocates Government Action Against Inflation and Explores Benefits of Fiscal Policy Tightening Yannis Stournaras, a member of the European Central Bank’s Governing Council, has strongly underscored the critical role governments must play in addressing the growing concern of rising consumer prices. In his view, as borrowing costs reach what could be their zenith, it is time for fiscal policy to take the reins, as monetary policy has largely fulfilled its role. This call […]

China’s Dedication to Enhancing Belt and Road Collaboration

China’s Dedication to Enhancing Belt and Road Collaboration Chinese Premier Li Keqiang has underscored China’s strong commitment to advancing cooperation along the Belt and Road initiative during a series of crucial meetings with leaders from Laos, Vietnam, Indonesia, and Malaysia. The discussions took place in the backdrop of the 20th China-ASEAN Expo and the China-ASEAN Business and Investment Summit held in Nanning, Guangxi Zhuang Autonomous Region. The Premier also emphasized the vital role of the […]

EUR/GBP Surges Above 0.8600, Focus on Fed and BoE Choices

EUR/GBP Surges Above 0.8600, Focus on Fed and BoE Choices EUR/GBP has continued its upward trajectory, making gains for the second consecutive day and currently trading at around 0.8610 during the European trading session on Monday. This surge in the currency pair can be attributed in part to the recent statements made by Christine Lagarde, the President of the European Central Bank (ECB), which have bolstered market confidence. Lagarde’s remarks on Friday were particularly noteworthy, […]

China Encourages FX Trading Reduction to Bolster Weakening Yuan

China Encourages FX Trading Reduction to Bolster Weakening Yuan China’s central bank, the People’s Bank of China (PBOC), has reportedly instructed several brokerage firms to reduce their proprietary trading in the foreign exchange market, signaling the authorities’ efforts to stabilize the weakening yuan. This move comes as the yuan faced significant pressure, having reached a 16-year low against the US dollar. Sources familiar with the matter revealed that the PBOC issued the directive earlier this […]

USD Index Corrects Lower to 105.30, Awaits Data

USD Index Corrects Lower to 105.30, Awaits Data The USD Index (DXY), measuring the greenback against its major counterparts, experiences a slight retreat, trading around the 105.30 level at the week’s end. This decline comes after three consecutive daily gains that followed Thursday’s peak in the 105.40/45 range. The subdued risk appetite across global markets puts pressure on the US dollar. European markets open with caution, still digesting the outcomes of the recent ECB meeting. […]

GBP/USD Shows Modest Recovery Around 1.2420-25, But Uncertainty Lingers

GBP/USD Shows Modest Recovery Around 1.2420-25, But Uncertainty Lingers The GBP/USD currency pair has displayed resilience, maintaining a foothold below the critical 1.2400 level for the second consecutive day. During the Asian session on Friday, it garnered some buying interest after having recently plumbed a three-month low. As of the moment, it hovers around the 1.2420-1.2425 region, reflecting a modest 0.10% uptick for the day. Despite this slight recovery, a robust bounce back still appears […]

How to Use the Economic Calendar to Boost Your Forex Trading Profits

How to Use the Economic Calendar to Boost Your Forex Trading Profits Forex trading is a dynamic and potentially profitable endeavor that requires an in-depth understanding of market dynamics. One of the most powerful tools in a Forex trader’s arsenal is the Economic Calendar. This comprehensive guide will explore how you can leverage the Economic Calendar to optimize your Forex trading strategy with XtreamForex. What is an Economic Calendar? An Economic Calendar is a chronological […]