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xtreamforex

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  1. xtreamforex

    XtreamForex Company News

    Hi, My name is Anu I am officially representative of Xtreamforex XtreamForex is a forex broker, Member of Grandinvesting Group Incorporated in MIS Registration number 84516 IBC 2016 Company number: 84516 If you have any question regarding this broker about the services and promotion feel free to ask me here. i will be happy to assist you. Regards Anu
  2. xtreamforex

    XtreamForex Company News

    Xtreamforex Services XtreamForex is committed to provide superior Forex trading services for all clients, irrespective of the size of their account balances. Our whole team is committed to offering best industry leading products and services to all clients. · ECN Forex Broker: ECN broker is a forex financial expert. It is a non-dealing desk brokers. The ECN provides an electronic system for buyers and sellers to come together for the purpose of executing trades. It can best be described as a bridge linking smaller market participants with its liquidity providers through ECN FOREX BROKER. · Top Forex Trading Platform: Forex Trading Platform have a huge impact on Forex Trading. Forex Trading platforms are the most widely adopted trading association in the entire financial market. It has an incredible amount of exposure among retail traders with a reach and visibility that exceed any other financial product. · Forex Market Analysis: Forex Market analysis is used by retail forex traders to determine buy or sell items on currency pairs. Forex Market analysis many types like as Fundamental analysis, Technical analysis, weekend analysis etc. · Segregated Client Accounts: When a Forex broker are use segregated accounts, it means there is a dedicated account where client funds are kept separate from the broker’s operating funds. In Forex industry, a number of brokers choose Segregated account for their customers. · Customer support: XtreamForex are available for customer support 24/5 during marketing times. If you have any query/question please feel free to ask us. For more detail visit here: https://xtreamforex.com
  3. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD, USD/CAD and USD/CHF Currency Pairs EUR USD The EUR traded lower against the USD and closed at 1.1405. Despite macroeconomic data released this Tuesday favored an advance in EUR/USD the pair ends the day with losses at pre-FOMC levels. 1.1315 at sight should the 1.1400 figure gives up. The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices. Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price. According to the Analysis, The pair is expected to find support at 1.13907, and a fall through could take it to the next support level of 1.13767. The pair is expected to find its first resistance at 1.14293, and a rise through could take it to the next resistance level of 1.14539. Previous Day range was 38.6 and Current Day Range is 13. USD CAD The USD traded higher against the CAD and closed at 1.1325. The USD/CAD pair trades little changed around 1.3130 on early Wednesday. The pair has strong resistance confluence near 1.3205-1.3210 that includes 100-day simple moving average (SMA) and a month old descending trend-line. Canada Ivey Purchasing Managers Index (PMI) shows economic activity in the past month calculated by the Ivey School of Business. The indicator is calculated based on a survey of purchasing managers in the private and public sector companies. The survey involves representatives of 175 companies selected in view of their field of activity and geographical location. Respondents answer questions about whether purchases, employment, supplies and prices in their sector have become better, worse or has not changed over the reported month. Survey results are seasonally adjusted. A reading above 50 indicates that the economic activity is expanding, a reading below 50 suggests the economy is in contraction. The index growth can have a positive effect on CAD quotes. The pair is expected to find support at 1.31002, and a fall through could take it to the next support level of 1.30757. The pair is expected to find its first resistance at 1.31511, and a rise through could take it to the next resistance level of 1.31755. USD CAD previous Day range was 50.9 and Current Day Range is 26.1. USD CHF The USD traded bit higher against CHF and closed at 0.9995. US Dollar Index struggles to break above 96. 10-year T-bond yield erases gains to weigh on the greenback. Coming up: ISM and Markit non-manufacturing PMI data from the U.S. According to the analysis, pair is expected to find support at 0.99706, and a fall through could take it to the next support level of 0.99464. The pair is expected to find its first resistance at 1.00198, and a rise through could take it to the next resistance level of 1.00448. USD CHF previous day range was 49.2 and current day range is 16.9.
  4. xtreamforex

    Daily Forex News

    Technical Overview of USD/JPY, USD/CHF and AUD/USD Currency Pair USD JPY USD traded higher against JPY and closed at 107.53. · USD/JPY grinds higher to 107.67 from 107.54, nearing breakout · May soon crack 107.71 top of daily Ichimoku Cloud on EBS · Closing above that level marks bullish break, 200 DMA could be next · ECB meet Thurs could derail EUR/JPY, though dovish outcome priced in · US 10y yield lets off some steam after hitting 1.744%, last 1.713% · Risk appetite rising with further global central bank easing expected According to the Analysis, pair is expected to find support at 107.32 and a fall through could take it to the next support level of 107.21. The pair is expected to find its first resistance at 107.64 and a rise through could take it to the next resistance level of 107.75. USD CHF USD traded lower against CHF and closed at 0.9919. · USD/CHF recently turned choppy inside a rising channel formation. · 200-hour EMA adds to the pattern’s support. The USD/CHF pair’s failure to rise past-0.9930/35 area, including early-month high, is less likely to portray its weakness unless breaking near-term support-line. The pair currently trades near 0.9920 by the press time heading into Wednesday’s European session. According to the Analysis, pair is expected to find support at 0.9896 and a fall through could take it to the next support level of 0.9886. The pair is expected to find its first resistance at 0.9928, and a rise through could take it to the next resistance level of 0.9938. AUD USD AUD traded higher against USD and closed at 0.6859. · AUD/USD is losing altitude in response to a dismal Westpac Aussie consumer confidence data. · Australian currency may remain under pressure due to deepening slowdown in China. According to the Analysis, pair is expected to find support at 0.6850 and a fall through could take it to the next support level of 0.6845. The pair is expected to find its first resistance at 0.6868, and a rise through could take it to the next resistance level of 0.6873
  5. xtreamforex

    Daily Forex News

    Technical Overview of USD/JPY, USD/CHF and AUD/USD Currency Pair USD JPY USD traded higher against JPY and closed at 107.53. · USD/JPY grinds higher to 107.67 from 107.54, nearing breakout · May soon crack 107.71 top of daily Ichimoku Cloud on EBS · Closing above that level marks bullish break, 200 DMA could be next · ECB meet Thurs could derail EUR/JPY, though dovish outcome priced in · US 10y yield lets off some steam after hitting 1.744%, last 1.713% · Risk appetite rising with further global central bank easing expected According to the Analysis, pair is expected to find support at 107.32 and a fall through could take it to the next support level of 107.21. The pair is expected to find its first resistance at 107.64 and a rise through could take it to the next resistance level of 107.75. USD CHF USD traded lower against CHF and closed at 0.9919. · USD/CHF recently turned choppy inside a rising channel formation. · 200-hour EMA adds to the pattern’s support. The USD/CHF pair’s failure to rise past-0.9930/35 area, including early-month high, is less likely to portray its weakness unless breaking near-term support-line. The pair currently trades near 0.9920 by the press time heading into Wednesday’s European session. According to the Analysis, pair is expected to find support at 0.9896 and a fall through could take it to the next support level of 0.9886. The pair is expected to find its first resistance at 0.9928, and a rise through could take it to the next resistance level of 0.9938. AUD USD AUD traded higher against USD and closed at 0.6859. · AUD/USD is losing altitude in response to a dismal Westpac Aussie consumer confidence data. · Australian currency may remain under pressure due to deepening slowdown in China. According to the Analysis, pair is expected to find support at 0.6850 and a fall through could take it to the next support level of 0.6845. The pair is expected to find its first resistance at 0.6868, and a rise through could take it to the next resistance level of 0.6873
  6. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pair EUR USD EUR traded higher against USD and closed at 1.1046. · EUR/USD runs out of steam, failing to even cross 20 DMA on EBS at 1.1063 · Return to downtrend possible, in repeat of early Aug price action · Bullish reversal pattern may again be overturned at Bollinger band 1.1111 · Previous failures to close inside Bollinger uptrend channel cued selloff JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month. The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In addition to job openings, it includes data on employment, hires and separations. JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes. According to the Analysis, pair is expected to find support at 1.1023 and a fall through could take it to the next support level of 1.1010. The pair is expected to find its first resistance at 1.1063 and a rise through could take it to the next resistance level of 1.1076. NZD USD NZD traded higher against USD and closed at 0.6422. According to the Analysis, pair is expected to find support at 0.6417 and a fall through could take it to the next support level of 0.6409. The pair is expected to find its first resistance at 0.6441, and a rise through could take it to the next resistance level of 0.6449. GBP USD GBP traded lower against USD and closed at 1.2345. The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative. The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 106.83 and a fall through could take it to the next support level of 106.79. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.01.
  7. xtreamforex

    Daily Forex News

    Technical Overview of GBP/USD, AUD/USD and USD/JPY Currency Pair GBP USD GBP traded lower against USD and closed at 1.2281. The UK Parliament will decide whether the UK PM Johnson's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially. · GBP/USD deflected by Ichimoku Cloud as pointed out · Chart blockade has impeded rally, but bullish bias not gone · Bulls need to clear Cloud top 1.2432 to force short-covering · Daily Bollinger uptrend channel in play if 1.2269 floor holds · But Mon closing below that mark could skew back toward 1.2100 · Entrance of downtrend channl awaits as Brexit uncertainty builds According to the Analysis, pair is expected to find support at 1.2266 and a fall through could take it to the next support level of 1.2255. The pair is expected to find its first resistance at 1.2300 and a rise through could take it to the next resistance level of 1.2311. AUD USD AUD traded higher against USD and closed at 0.6846. AUD/USD trades firmer near-daily highs above the 0.6850 level after the Australian Home Loans data showed a solid surge in July. The spot also finds support from China's RRR cut despite disappointing Chinese trade figures. According to the Analysis, pair is expected to find support at 0.6839 and a fall through could take it to the next support level of 0.6836. The pair is expected to find its first resistance at 0.6851, and a rise through could take it to the next resistance level of 0.6854. USD JPY USD traded lower against JPY and closed at 106.90. USD/JPY is trading little changed below 107.00 so far this Monday amid Japanese GDP data and improved risk tones. Risk remains skewed to the upside, as the pair is developing above all of its moving averages. According to the Analysis, pair is expected to find support at 106.83 and a fall through could take it to the next support level of 106.79. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.01.
  8. XtreamForex is a Brand Name Of Top Trading Firm Grand Investing LTD. Grand Investing LTD was incorporated in October 2007 and is headquartered in the centre of Majuro, Marshall Islands. The Company is a member of Grand Investing Group, one of the Biggest Trading Companies in southeast Europe. Grand Investing Group has twenty years of experience in investment and commercial banking, as well as real estate investments. In January 2016, XtreamForex - (a trade name of Grand Investing LTD) - was formed in order to provide retail investors access to the currency, commodities, energies and equities markets. Clients of XtreamForex are offered a choice of 5 account types, in order to suit the needs of traders of all levels and preferences. All accounts, except the ECN and ECN Pro, are commission-free and offer variable spreads. Swap-free service is available to clients of Islamic belief on Micro & Standard account types. Scalping, hedging as well as automated strategies (EAs) are allowed on the Xtream account. XtreamForex is a member of the Investors Compensation Fund and that client funds are held in segregated bank accounts as per our regulations requirements. What is more, the broker provides negative balance protection, ensuring that its clients do not lose more than they have invested. Trading Conditions Minimum Initial Deposit XtreamForex requires a minimum investment of $5 from traders to open an account, which is a very low minimum deposit requirement. Maximum Leverage The maximum leverage rates offered by this broker are high, reaching 1:1000. Forex Trading Platform XtreamForex offers its customers the famous MetaTrader 4 (MT4), desktop and mobile versions available (for Android, iPad & iPhone). Customer Support XtreamForex Customer support is available 24/5 during market opening times. We believe to build long-term relationships with our clients and all the people who work with us. The MetaTrader 4 terminal is a perfectly equipped platform that allows trading in Forex, CFDs and related products. It provides the necessary tools and resources to analyze price dynamics on financial markets, conduct transactions, create and use Expert Advisors (EAs). EAs are advanced automated trading systems written in MQL4 that are able to analyze market conditions automatically, open and close positions and place, modify or delete orders. Forex Promotions & Bonuses Join any one of our Forex Promotions from XtreamForex and get the most out of your trading. Some of our promotions will support your account in the case of drawdown and some of them support you wile opening trades. All of XtreamForex promotions and bonuses increase your trading volume and the only thing you need to do is to trade on regular basis and enjoy profit. At the time of writing of this review, XtreamForex offers its traders the following promotions: - 100% Credit Bonus This bonus applies to clients with minimum deposit $100 and cannot be withdrawn from the trading account. - 30% Tradable Bonus This bonus applies to clients with minimum deposit $500 and can be withdrawn from the trading account. - Everyday Payout As a IB you can earn up to $25/Lot commissions for each traded lot by your referred clients and this time you can withdraw your daily earned commission at the end of the day. Every 24 hour you will be able to cash out your earned commission into your IB account. - Annual IB Contest XtreamForex starts an annual competition for all our partners. Become a XtreamForex Partner and grab the chance to achieve your dreams! Methods of Payment XtreamForex offers a large number of payments methods to accommodate all our international clients through their account management portal, MyXtream: Bank wire transfer, credit/debit cards and e-wallets Neteller, Skrill, China UnionPay and Local Deposits and withdrawals. XtreamForex charges no fees on deposits and withdrawals. Conclusion XtreamForex is a true ECN Forex Broker that offers reasonable conditions for trading with a variety of products through the robust MT4. Start Online Trading with XtreamForex and Experience Reliable Foreign Exchange Trading with Best Forex Brokers and get an edge with our exceptional Forex Trading conditions.
  9. xtreamforex

    Daily Forex News

    Technical Overview of EUR/CNY, USD/JPY and USD/CAD Currency Pair EUR CNY EUR traded higher against CNY and closed at 7.9029. The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative. The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish). The Caixin China Manufacturing PMI™, released by Market Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies. According to the Analysis, pair is expected to find support at 7.881 and a fall through could take it to the next support level of 7.860. The pair is expected to find its first resistance at 7.934 and a rise through could take it to the next resistance level of 7.967. USD JPY USD traded lower against JPY and closed at 106.5200. Retail Sales m/m show the total volume of retail sales of goods and services in the past month compared with the previous one. This is a highly volatile indicator, it is seasonally adjusted. The index allows evaluating consumer spending which is an important indicator of the national inflation. The indicator growth can have a positive effect on yen quotes. According to the Analysis, pair is expected to find support at 105.55 and a fall through could take it to the next support level of 105.33. The pair is expected to find its first resistance at 106.03, and a rise through could take it to the next resistance level of 106.29. USD CAD USD traded higher against CAD and closed at 1.3287. The Gross Domestic Product released by the Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health. A rising trend has a positive effect on the CAD, while a falling trend is seen as negative (or bearish) for the CAD. According to the Analysis, pair is expected to find support at 1.3239 and a fall through could take it to the next support level of 1.3194. The pair is expected to find its first resistance at 1.3315, and a rise through could take it to the next resistance level of 1.3346.
  10. xtreamforex

    Daily Forex News

    Technical Overview of NZD/USD and USD/CHF Currency Pair NZD USD NZD traded lower against USD and closed at 0.6362. NZD/USD's daily chart indicators are reporting early signs of a bullish reversal. Trend reversal would be confirmed above Monday's high. According to the Analysis, pair is expected to find support at 0.6351 and a fall through could take it to the next support level of 0.6340. The pair is expected to find its first resistance at 0.6379 and a rise through could take it to the next resistance level of 0.6369. USD CHF USD traded higher against CHF and closed at 0.9815. USD/CHF again confronts 50-DMA while seeking a downward resistance-line since August 01. 23.6% of Fibonacci retracement can offer immediate support. Swiss ZEW Survey – Expectations in the spotlight. According to the Analysis, pair is expected to find support at 0.9780 and a fall through could take it to the next support level of 0.9747. The pair is expected to find its first resistance at 0.9841, and a rise through could take it to the next resistance level of 0.9869.
  11. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD, USD/CAD and AUD/USD Currency Pair EUR USD EUR traded lower against USD and closed at 1.1102. EUR/USD failed to confirm a bullish reversal with a close above 1.1153 on Monday. German GDP is expected to have contracted by 0.1% in the second quarter. HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonized across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms. According to the Analysis, pair is expected to find support at 1.1079 and a fall through could take it to the next support level of 1.1057. The pair is expected to find its first resistance at 1.1138 and a rise through could take it to the next resistance level of 1.1175. USD CAD USD traded lower against CAD and closed at 1.3254. The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative. According to the Analysis, pair is expected to find support at 1.3229 and a fall through could take it to the next support level of 1.3203. The pair is expected to find its first resistance at 1.3298, and a rise through could take it to the next resistance level of 1.3342. AUD USD AUD traded higher against CAD and closed at 0.6775. The Aussie ignored upbeat Chinese data and risk-on trades on the Asian stocks. Focus remains on trade and US data. According to the Analysis, pair is expected to find support at 0.6732 and a fall through could take it to the next support level of 0.6713. The pair is expected to find its first resistance at 0.6774, and a rise through could take it to the next resistance level of 0.6797.
  12. xtreamforex

    Daily Forex News

    Technical Overview of GBP/USD, NZD/USD and USD/CHF Currency Pair GBP USD GBP traded lower against USD and closed at 1.2130. GBP/USD seesaws inside a choppy range between 10 and 21-DMA. MACD flashes bullish signal. The Jackson Hole Economic Policy Symposium is an annual symposium sponsored by the Federal Reserve Bank of Kansas City since 1978, and held in Jackson Hole, Wyoming, since 1981. It is a forum for central bankers, policy experts and academics to come together to focus on a topic. According to the Analysis, pair is expected to find support at 1.2108 and a fall through could take it to the next support level of 1.2086. The pair is expected to find its first resistance at 1.2156 and a rise through could take it to the next resistance level of 1.2181. NZD USD NZD traded lower against USD and closed at 0.6404. Retail Sales m/m reflect a change in New Zealand's retail sales in the reported month compared to the previous one. The calculation is adjusted for inflation. The index is often referred to as the consumer spending indicator, which allows assessing inflation in New Zealand. The indicator growth can have a positive effect on NZD quotes. Jerome H. Powell took office as a member of the Board of Governors of the Federal Reserve System on May 25, 2012, to fill an unexpired term. On November 2, 2017, President Donald Trump nominated Powell to serve as the next Chairman of the Federal Reserve. Powell assumed office as Chair on February 5, 2018. According to the Analysis, pair is expected to find support at 0.6393 and a fall through could take it to the next support level of 0.6381. The pair is expected to find its first resistance at 0.6418, and a rise through could take it to the next resistance level of 0.6431. USD CHF USD traded higher against CHF and closed at 0.9819. The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated. Generally, a high reading is seen as bullish for the USD, whereas a low reading is seen as bearish. According to the Analysis, pair is expected to find support at 0.9790 and a fall through could take it to the next support level of 0.9868. The pair is expected to find its first resistance at 0.9848, and a rise through could take it to the next resistance level of 0.9868.
  13. xtreamforex

    XtreamForex Company News

    XtreamForex Philippines Demo Trading Contest Join and take a dive into the exciting world of Forex trading competition with XtreamForex! Here we offer forex trading contest for demo accounts once in a year. You can join this contest for free. Forex Demo Trading competitions are the best way for beginners to gain experience in Forex trading and to try out and improve your trading strategies in a competitive environment! Joining Link: https://xtreamforex.com/PhilippinesDemoContest.html Contest’s Time: · Registration Period: 19th August 2019 to 6th September 2019. · Trading Period: 9th September 2019 to 11th October 2019 Winner Announcement: 21st October 2019 Offer is Applicable: Only for Traders of Philippines How to Apply: The Client must register for the competition via the competition dedicated page in order to participate. To Win: The client who will generate maximum profit at the end of the contest will win. Winning Prize ·1st Prize $1000 ·2nd Prize $750 ·3rd Prize $500
  14. xtreamforex

    XtreamForex Company News

    XtreamForex Thailand Demo Trading Contest XtreamForex demo contest provide traders a chance to get real money without investing your own funds! Before you start real trading take your first step in this exciting opportunity, make little real cash and test your skills. Join and take a dive into the exciting world of Forex trading competition with XtreamForex! Joining Link: https://xtreamforex.com/thailanddemocontest.html Contest’s Time: · Registration Period: 19th August 2019 to 6th September 2019. · Trading Period: 9th September 2019 to 11th October 2019 Winner Announcement: 21st October 2019 Offer is Applicable: Only for Traders of Thailand, Malaysia and Indonesia How to Apply: The Client must register for the competition via the competition dedicated page in order to participate. To Win: The client who will generate maximum profit at the end of the contest will win. Winning Prize ·1st Prize $1000 ·2nd Prize $750 ·3rd Prize $500
  15. xtreamforex

    Daily Forex News

    Technical Overview of USD/CAD, USD/JPY and EUR/USD Currency Pair USD CAD USD traded lower against CAD and closed at 1.3323. Consumer Price Index Core is released by the Bank of Canada. “Core” CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products. These volatile core 8 are considered as the key indicator for inflation in Canada. Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD. According to the Analysis, pair is expected to find support at 1.3270 and a fall through could take it to the next support level of 1.3250. The pair is expected to find its first resistance at 1.3304 and a rise through could take it to the next resistance level of 1.3338. USD JPY USD traded lower against JPY and closed at 106.62. FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy. According to the Analysis, pair is expected to find support at 106.36 and a fall through could take it to the next support level of 106.25. The pair is expected to find its first resistance at 106.70, and a rise through could take it to the next resistance level of 106.81. EUR USD EUR traded higher against USD and closed at 1.1087. According to the Analysis, pair is expected to find support at 1.1075 and a fall through could take it to the next support level of 1.1066. The pair is expected to find its first resistance at 1.1105, and a rise through could take it to the next resistance level of 1.1114.
  16. xtreamforex

    XtreamForex Company News

    Advantages and Requirements of the MT4 Forex Trading Platform Mt4 or Meta Trader 4 is one of the most popular and used Forex Trading Platform. It is offered by almost every Forex company and preferred by many forex traders. The platform has established itself as a prominent one by catering to all the basic needs of traders and not just for trading. The most likeable feature about Mt4 is its user friendliness, which allows even the newest of traders to adjust to trading smoothly without the complications of learning how to use a new software. It offers a simple and understandable interface, which is highly customisable, allowing each trader to decide how their platform will look like, and be most comfortable to make their trading easier. Additionally Mt4 offers technical and fundamental analysis, and Forex indicators which are an important and desired help by both newcomers and experienced traders. Expert Advisors are also an important and big advantage, not only does the platform come with its own EAs but it allows traders to write and design their own EAs and upload them to the platform, giving the space for anyone who wants to expand their skills to do so. The key features of Mt4 are the Market Watch Window, Navigator Window, Multiple Order Types, Variety of pre-installed indicators, Analysis tools and multiple chart set ups, Automated Trading Order Execution Capabilities, Hedging and Scalping friendly, and Expert Advisors. The Mt4 Platform can be downloaded on all devices (including Apple devices) like phones and tablets.
  17. xtreamforex

    Daily Forex News

    Technical Overview of AUD/USD, USD/JPY and USD/CHF Currency Pair AUD USD AUD traded higher against USD and closed at 0.6747. · AUD/USD maintaining bid tone as markets send mixed signals regarding risk. · US yields hitting historic lows in Asia with 30-year yield below 2.0%. · Bond market is pricing in strong chance of recession nL4N25B0GG. · Despite moves in US Treasuries. S&P futures up over 0.40%. · AUD/USD steady around 0.6775 - up 0.41% after better than expected Aus jobsnAZN0QH300. · Unless bond market wrong, AUD/USD should struggle on global growth concerns. · AUD/USD resistance at 0.6820/35 where daily highs converge with 38.2 fibo. According to the Analysis, pair is expected to find support at 0.6738 and a fall through could take it to the next support level of 0.6721. The pair is expected to find its first resistance at 0.6794 and a rise through could take it to the next resistance level of 0.6811. USD JPY USD traded lower against JPY and closed at 105.89. Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country. The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes. According to the Analysis, pair is expected to find support at 105.70 and a fall through could take it to the next support level of 105.48. The pair is expected to find its first resistance at 106.44, and a rise through could take it to the next resistance level of 106.66. USD CHF USD traded higher against CHF and closed at 0.9732. According to the Analysis, pair is expected to find support at 0.9712 and a fall through could take it to the next support level of 0.9697. The pair is expected to find its first resistance at 0.9762, and a rise through could take it to the next resistance level of 0.9777. According to Citi Research report "With risk sentiment continuing to deteriorate by the week, investors may look to extend risk aversion trades into 2020 as: (1) Worsening US – China trade tensions risk a disinflationary impulse from CNY heading towards 7.25 - 50; (2) Possible risk of USD intervention by the US; (3) Rising odds of a “No Deal” Brexit; (4) Re-emergence of Italy political risk; (5) Slowing global growth leading to central bank policy responses and a “race to the bottom” in rates sparking a currency war; (6) Potential damage to US – Japan/ Europe trade relations should Trump impose tariffs on auto imports; (7) 2020 - US presidential election year leaves scope for a more aggressive Trump; (8) Tensions in HK, Iran, North Korea, now Argentina and India – Pakistan,"
  18. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD, GBP/USD and AUD/USD Currency Pair EUR USD EUR traded higher against USD and closed at 1.1169. · EUR/USD aims to revisit 4H 100MA after taking another U-turn from near-term resistance-line. · While 1.1283/87 can please buyers during upside break, 23.6% Fibonacci retracement can lure during post-1.1158 declines. The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish). The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish). The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 1.1170 and a fall through could take it to the next support level of 1.1156. The pair is expected to find its first resistance at 1.1214 and a rise through could take it to the next resistance level of 1.1228. GBP USD GBP traded lower against USD and closed at 1.2058. · GBP/USD remains on a back foot amid recent UK political news. · Rebel MPs readying for early-September action. · UK CPI, trade/political news in the spotlight. The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish). According to the Analysis, pair is expected to find support at 1.2046 and a fall through could take it to the next support level of 1.2033. The pair is expected to find its first resistance at 1.2090, and a rise through could take it to the next resistance level of 1.2103. AUD USD AUD traded lower against USD and closed at 0.6800. · AUD/USD drops to the intra-day low after China’s July month Retail Sales and Industrial Production lagged behind market consensus and prior. · Cautious trading and a lack of fresh clues confined the pair’s moves during the early morning. · The US-China trade news, speech from RBA’s Debelle will provide fresh impulse. The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish). The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 0.6760 and a fall through could take it to the next support level of 0.6743. The pair is expected to find its first resistance at 0.6814, and a rise through could take it to the next resistance level of 0.6831
  19. xtreamforex

    Daily Forex News

    Technical Overview of USD/JPY, NZD/USD and USD/CHF Currency Pair USD JPY USD traded lower against JPY and closed at 105.6900. · USD/JPY: Bears staying in control in the Asian session. · USD/JPY4-hour chart: The pair is also at risk of extending its decline, USD/JPY has lost some ground as the yen takes up another bid while geopolitics keep the yen bulls in business ahead of a key week on the US calendar. According to the Analysis, pair is expected to find support at 105.3 and a fall through could take it to the next support level of 104.92. The pair is expected to find its first resistance at 106.04 and a rise through could take it to the next resistance level of 106.39. NZD USD NZD traded lower against USD and closed at 0.6468. · NZD/USD jumps 20 pips on comments by New Zealand's Treasury that QE is less appealing. · Treasury feels RBNZ could cut rates to the negative territory if required. NZD/USD is recovering lost ground on comments by New Zealand's Treasury that asset purchases or quantitative easing (QE) are a less appealing tool of monetary easing. According to the Analysis, pair is expected to find support at 0.6402 and a fall through could take it to the next support level of 0.6359. The pair is expected to find its first resistance at 0.6478, and a rise through could take it to the next resistance level of 0.6512. USD CHF USD traded lower against CHF and closed at 0.9727. · USD/CHF's 4-hour and daily charts are showing signs of seller exhaustion. · The pair could rise to the 10-day moving average resistance during the day ahead. USD/CHF could see a corrective bounce to the 10-day moving average (MA) of 1.0938 during the day ahead as technical charts are flashing early signs of a bearish-to-bullish trend change. According to the Analysis, pair is expected to find support at 0.9703 and a fall through could take it to the next support level of 0.9680. The pair is expected to find its first resistance at 0.9755, and a rise through could take it to the next resistance level of 0.9784
  20. xtreamforex

    Daily Forex News

    Technical Overview of AUD/USD, GBP/USD and USD/CAD Currency Pair AUD USD AUD traded lower against USD and closed at 0.6802. RBA quarterly SOMP just released is in line with dovish market assumptions RBA notes the downside risks posed by US-China trade war escalation AUD/USD off early high (0.6822), but still holding above 0.6800 The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 0.6713 and a fall through could take it to the next support level of 0.6666. The pair is expected to find its first resistance at 0.6789 and a rise through could take it to the next resistance level of 0.6818. GBP USD GBP traded higher against USD and closed at 1.2133. The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 1.2113 and a fall through could take it to the next support level of 1.2082. The pair is expected to find its first resistance at 1.2182, and a rise through could take it to the next resistance level of 1.2221. USD CAD USD traded lower against CAD and closed at 1.3227. The employment Change released by the Statistics Canada is a measure of the change in the number of employed people in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the CAD, while a low reading is seen as negative or bearish. The Unemployment Rate released by the Statistics Canada is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Canadian Economy. If the rate is up, it indicates a lack of expansion within the Canadian labor market. As a result, a rise leads to weaken the Canadian economy. Normally, a decrease of the figure is seen as positive (or bullish) for the CAD, while an increase is seen as negative or bearish. According to the Analysis, pair is expected to find support at 1.3279 and a fall through could take it to the next support level of 1.3251. The pair is expected to find its first resistance at 1.334, and a rise through could take it to the next resistance level of 1.3373
  21. xtreamforex

    Daily Forex News

    Technical Overview of NZD/USD, EUR/USD and USD/CNY Currency Pair NZD USD NZD traded lower against USD and closed at 0.6446. · Lower than expected USD/CNY fix and comments from RBNZ calming markets. · RBNZ asst Governor Hawkes by is confident inflation will rise after 50 BP cut. · Hawkes by said unconventional tools an option only if inflation tanks. · NZD/USD resistance at former support at 0.6480/90 where sellers are tipped. The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative. According To consensus GDP rate is expected to be lower than previous rate. According to the Analysis, pair is expected to find support at 0.6455 and a fall through could take it to the next support level of 0.6452. The pair is expected to find its first resistance at 0.6461 and a rise through could take it to the next resistance level of 0.6463. EUR USD EUR traded higher against USD and closed at 1.1199. Danske Research discusses EUR/USD outlook and expects a dip back towards 1.10 in EUR/USD on 1-3M on yet another Fed disappointment in September. According to the Analysis, pair is expected to find support at 1.1211 and a fall through could take it to the next support level of 1.1209. The pair is expected to find its first resistance at 1.1214, and a rise through could take it to the next resistance level of 1.1216. USD CNY USD traded lower against CNY and closed at 7.0602. USD/CNY fix at 7.0039, which was below market estimates. The Consumer Price Index is released by the National Bureau of Statistics of China. It is a measure of retail price variations within a representative basket of goods and services. The result is a comprehensive summary of the results extracted from the urban consumer price index and rural consumer price index. The purchase power of the CNY is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A substantial consumer price index increase would indicate that inflation has become a destabilizing factor in the economy, potentially prompting The People’s Bank of China to tighten monetary policy and fiscal policy risk. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY. According to the Analysis, pair is expected to find support at 7.0359 and a fall through could take it to the next support level of 7.0116. The pair is expected to find its first resistance at 7.0749, and a rise through could take it to the next resistance level of 7.0896.
  22. xtreamforex

    Daily Forex News

    Technical Overview of AUD/USD, GBP/USD and USD/JPY Currency Pair AUD USD AUD traded lower against USD and closed at 0.6756. AUD/USD remains upbeat as the RBA renounce from the policy change. The central bank stepped back from suggesting further rate cuts. Trade/political news will be followed for fresh impulse. According to the report of The Reserve Bank of Australia (RBA), there will be no change in the monetary policy, offers a 1.0% interest rate. The central bank avoid from supporting further rate cuts while leaving the door open based on future growth conditions. Earlier during the day, upbeat trade balance data for June also pleased Aussie buyers. According to the Analysis, pair is expected to find support at 0.678 and a fall through could take it to the next support level of 0.677. The pair is expected to find its first resistance at 0.6797 and a rise through could take it to the next resistance level of 0.6803. GBP USD GBP traded higher against USD and closed at 1.2143. · GBP/USD stays on defensive 100 hour exponential moving average. · 4-day old support-line seems immediate rest ahead of 1.2080. According to the Analysis, pair is expected to find support at 1.2101 and a fall through could take it to the next support level of 1.2057. The pair is expected to find its first resistance at 1.2189, and a rise through could take it to the next resistance level of 1.2233. USD JPY USD traded higher against JPY and closed at 105.9500. The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative. Previous reading for Gross Domestic Product was 0.6%. Expected GDP is 0.1%. According to the Analysis, pair is expected to find support at 106.43 and a fall through could take it to the next support level of 106.17. The pair is expected to find its first resistance at 107.02, and a rise through could take it to the next resistance level of 107.36
  23. xtreamforex

    Daily Forex News

    Technical Overview of EUR/USD, AUD/USD and NZD/USD Currency Pair EUR USD EUR traded higher against USD and closed at 1.1107. The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) today shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD. According to the Analysis, pair is expected to find support at 1.1121 and a fall through could take it to the next support level of 1.1117. The pair is expected to find its first resistance at 1.1130 and a rise through could take it to the next resistance level of 1.1135. AUD USD AUD traded lower against USD and closed at 0.6799. AUD/USD down 0.5% in sympathy with a weakening Yuan as China fights back. USD/CNY blasts through pivotal 7.00 as US-China trade tensions escalate. Leads to risk aversion in Asia as risk/EM assets sold across board. Havens JPY, XAU +0.5%, US-10 year yield hits 1.7890, lowest since Nov 9, 2016. Risk barometer AUD/JPY -1% to a new 2019 low; RBA to sound more dovish Tues? According to the Analysis, pair is expected to find support at 0.6776 and a fall through could take it to the next support level of 0.6768. The pair is expected to find its first resistance at 0.6789, and a rise through could take it to the next resistance level of 0.6794. NZD USD NZD traded lower against USD and closed at 0.6540 A number of downward slopping trend lines indicate weakness of NZD/USD. 10-week old support-line grabs bears’ attention. In addition to a two-day long descending trend-line, the NZD/USD pair’s sustained trading below a resistance-line stretched since late-July also portrays its weakness as the quote seesaws near 0.6510 during early Monday. The Employment Change released by the Statistics New Zealand is a measure of the change in the number of employed people in New Zealand. Generally speaking, today a rise in this indicator has positive implications for consumer spending which stimulates economic growth. A high reading is seen as positive (or bullish) for the NZ dollar, while a low reading is seen as negative (or bearish). According to the Analysis, pair is expected to find support at 0.6521 and a fall through could take it to the next support level of 0.6513. The pair is expected to find its first resistance at 0.6533, and a rise through could take it to the next resistance level of 0.6537.
  24. xtreamforex

    XtreamForex Company News

    What is a Bull Market? Markets are described as either Bull markets or Bear markets depending on the general direction of their currencies. The term bull market derives from the way a bull attacks its enemies by swaying its thorns upwards, therefore it describes a market that is heading in an upwards direction. What stands out about a bull market is that it is generally moving upwards, and has been moving upwards for a long period of time. Even if it suffers minor losses its general direction is always positive. This doesn’t apply to just the currency, but the whole environment surrounding the currency like the economic environment, employment in the country, and number of investments. A bull market attracts many investors as it promises almost guaranteed high profits, and because it keeps getting investors, it continues to perform well and thrive. It is hard for investors to suddenly lose interest in a bull market, unless a general rumour is spread about the market, making all investors and traders believe that this market is going to decline, forcing them to withdraw their investments, and invest against the market, leading to a big decline and moving the market from bullish to bearish. Of course there are many ways for a market to be affected, and that can be through big news releases, businesses between countries and more, if the market declines on its own, it will also push investors away which will further in its decline.
  25. xtreamforex

    XtreamForex Company News

    What are Forex Signals Forex traders are constantly on the lookout for ways to help them trade better, make better predictions and ultimately make more profits. So it is important for traders to look at all the options they have before deciding what is best for them. Forex Signals provide raw data and insights about the market so that traders can make better informed trading decisions with much less risk. Unlike EAs, Forex Signals are sent on a regular basis through alerts like SMS messages, email alerts or pop up messages. Some Forex brokers offer free signals on their platforms, or through their services giving traders constant updates, but in the case that they do not there are many separate Forex Signal services. If traders want to use a Forex Signal service from a third party it is offered at a fee, usually an average of 200 dollars a month. When you pay for the service you will have more options regarding the method you would like to receive the signals, and they will be more regularly updated. It is important to note that no matter how good or reputable the service is nothing in Forex is 100% guaranteed, and even these predictions which are based on technical and fundamental analysis can prove to be wrong if unexpected market changes occur, so even in the case of using Forex Signals traders still have to use their own knowledge and trust their own instincts when making their trading decisions.
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