xtreamforex

Meaning of STP Forex Broker There are different types of Forex companies. To be more specific there are two. A Market Maker, and an STP Broker. The 'type' refers to the method with which a company executes its orders and provides its prices. An STP broker stands for Straight Through Processing. Forex companies which operate as STP brokers execute their orders without a dealing desk or third party intervention, which means information that has been electronically entered to be transferred from one party to another is not manually re-entered repeatedly over the entire sequence of events. When an STP broker receives a client's order, the order automatically gets passed to the liquidity provider with whom the Forex broker is working. The liquidity provider is a financial institution such as bank or a hedge fund and in some cases any company which is licensed to be a liquidity provider. Some Forex brokers have several liquidity providers, and that means they can offer better services. A lot of STP brokers will use Banks which trade on the Interbank market as their liquidity providers. The Interbank market is the top level Forex market where banks exchange different currencies. The fact that there is no dealing desk intervention assures that there will be no delays in the execution of orders, and no re-quotes will be sent to clients, and that is a big advantage for traders because it means they will be receiving real time prices, and be able to trade during the release of financial news without restrictions.

Technical Overview of USD/CAD, EUR/USD and USD/CHF Currency Pairs USD CAD The USD traded higher against the CAD and closed at 1.3292. Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002). The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP. A higher than expected reading can have a positive effect on dollar quotes. According to the Analysis, The pair is expected to find support at 1.32341, and a fall through could take it to the next support level of 1.31757. The pair is expected to find its first resistance at 1.33454, and a rise through could take it to the next resistance level of 1.33983. Previous Day range was 111.3 and Current Day Range is 23.5. EUR USD The EUR traded higher against the USD and closed at 1.1294. ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator. The pair is expected to find support at 1.12597, and a fall through could take it to the next support level of 1.12250. The pair is expected to find its first resistance at 1.13189, and a rise through could take it to the next resistance level of 1.13434. EUR USD previous Day range was 59.2 and Current Day Range is 12.8. USD CHF The USD traded higher against CHF and closed at 1.0047. Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002). The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP. A higher than expected reading can have a positive effect on dollar quotes. According to the analysis, pair is expected to find support at 1.00281, and a fall through could take it to the next support level of 1.00097. The pair is expected to find its first resistance at 1.00815, and a rise through could take it to the next resistance level of 1.01165. USD CHF previous day range was 53.4 and current day range is 13.3.

Technical Overview of GBP/USD, AUD/USD and USD/JPY Currency Pairs GBP USD The GBP traded higher against the USD and closed at 1.2843. 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, The pair is expected to find support at 1.28052, and a fall through could take it to the next support level of 1.27675. The pair is expected to find its first resistance at 1.29183, and a rise through could take it to the next resistance level of 1.29937. Previous Day range was 113.1 and Current Day Range is 24.9. AUD USD The AUD traded higher against the USD and closed at 0.7088. Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week. The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation. The indicator growth can have a negative effect on US dollar quotes. The pair is expected to find support at 0.70703, and a fall through could take it to the next support level of 0.70531. The pair is expected to find its first resistance at 0.71205, and a rise through could take it to the next resistance level of 0.71535. AUD USD previous Day range was 50.2 and Current Day Range is 35.5. USD JPY The USD traded higher against JPY and closed at 111. Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country. GDP growth can have a positive effect on yen quotes. According to the analysis, pair is expected to find support at 110.599, and a fall through could take it to the next support level of 110.197. The pair is expected to find its first resistance at 111.226, and a rise through could take it to the next resistance level of 111.451. USD JPY previous day range was 6270 and current day range is 2550.

#XtreamForex #Webinars Get all your questions answered LIVE! ➡️Boost your trading skills and Power your trades with industry tips and knowledge ➡️Traders of all levels of experience can learn from this opportunity ➡️Our Market expert Mr. Balasubramaniam will analyze forex, commodity ➡️Starts From 26 February (14:30 GMT) onwards Register for FREE now! #forex #trade #market #money #marketexpert #forextrading

Technical Overview of AUD/USD, USD/CAD and USD/JPY Currency Pairs AUD USD The AUD traded lower against the USD and closed at 0.7061. The National Australia Bank (NAB) Business Confidence Index is calculated based on a business survey of Australian companies conducted by NAB. The report reflects business expectations for 17 different factors, including tax regulation, housing prices, interest rates, wages, geopolitical risks, federal and regional policies, and other factors. A reading above zero indicates improving business conditions and can affect AUD quotes positively. A negative value indicates worsening conditions. According to the Analysis, The pair is expected to find support at 0.70428, and a fall through could take it to the next support level of 0.70423. The pair is expected to find its first resistance at 0.70937, and a rise through could take it to the next resistance level of 0.71261. Previous Day range was 50.9 and Current Day Range is 33.5. USD CAD The USD traded lower against the CAD and closed at 1.3301. 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. The pair is expected to find support at 1.32688, and a fall through could take it to the next support level of 1.32369. The pair is expected to find its first resistance at 1.33257, and a rise through could take it to the next resistance level of 1.33507. USD CAD previous Day range was 56.9 and Current Day Range is 27. USD JPY The USD traded higher against JPY and closed at 110.367. Industrial Production m/m reflects changes in the Japanese industrial sector outputs in the given month compared to the previous month. The report includes data of all production sectors in Japan, including industry, mining and energy. Industrial production growth may have a positive effect on yen quotes. According to the analysis, pair is expected to find support at 109.936, and a fall through could take it to the next support level of 109.505. The pair is expected to find its first resistance at 110.631, and a rise through could take it to the next resistance level of 110.895. USD JPY previous day range was 6950 and current day range is 3020.

Technical Overview of GBP/USD, NZD/USD and EUR/USD Currency Pairs GBP USD The GBP traded lower against the USD and closed at 1.2938. Manufacturing Production m/m shows the change in the value of goods produced in the manufacturing sector of the UK industry in the given month compared to the previous month. Manufacturing (production of foods, pharmaceuticals, light industry, metal processing, etc.) accounts for about 80% of the overall UK industrial production. The indicator growth may have a positive effect on the pound quotes. According to the Analysis, The pair is expected to find support at 1.29147, and a fall through could take it to the next support level of 1.28909. The pair is expected to find its first resistance at 1.29678, and a rise through could take it to the next resistance level of 1.29971. Previous Day range was 53.1 and Current Day Range is 12.1. NZD USD The NZD traded higher against the USD and closed at 0.6745. Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spending and economic activity. The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate. The pair is expected to find support at 0.67274, and a fall through could take it to the next support level of 0.67099. The pair is expected to find its first resistance at 0.67643, and a rise through could take it to the next resistance level of 0.67837. NZD USD previous Day range was 36.9 and Current Day Range is 32.3. EUR USD The EUR traded bit lower against USD and closed at 1.1323. FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa. The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors. According to the analysis, pair is expected to find support at 1.13129, and a fall through could take it to the next support level of 1.13024. The pair is expected to find its first resistance at 1.13423, and a rise through could take it to the next resistance level of 1.13612. EUR USD previous day range was 29.4 and current day range is 12.8.

Technical Overview of AUD/USD, USD/CAD and USD/JPY Currency Pairs AUD USD The AUD traded lower against the USD and closed at 0.7100. Reserve Bank of Australia (RBA) Monetary Policy Statement is published quarterly. It provides explanations to the current monetary policy and description of economic state and inflation prospects. According to the Analysis, The pair is expected to find support at 0.70871, and a fall through could take it to the next support level of 0.70740. The pair is expected to find its firstresistance at 0.71152, and a rise through could take it to the next resistance level of 0.71302. Previous Day range was 28.1 and Current Day Range is 43.3. USD CAD The USD traded higher against the CAD and closed at 1.3307. Canada Employment Change shows a change in the number of officially employed Canadians in the reported month. The indicator is used when measuring Canada's labor market. The indicator growth can have a positive effect on CAD quotes. The pair is expected to find support at 1.32344, and a fall through could take it to the next support level of 1.31619. The pair is expected to find its first resistance at 1.33482, and a rise through could take it to the next resistance level of 1.33895. USD CAD previous Day range was 113.8 and Current Day Range is 31. USD JPY The USD traded bit lower against JPY and closed at 109.799. Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth. According to the analysis, pair is expected to find support at 109.577, and a fall through could take it to the next support level of 109.354. The pair is expected to find its first resistance at 110.051, and a rise through could take it to the next resistance level of 110.302. USD JPY previous day range was 4740 and current day range is 1890.

Technical Overview of GBP/USD, AUD/USD and NZD/USD Currency Pairs GBP USD The GBP traded lower against the USD and closed at 1.2927. Bank of England Interest Rate Decision is taken by monetary policy committee members and is published two weeks after the meeting. The interest rate decision is one of the most important events. Interest rate growth is seen as positive for the sterling. According to the Analysis, The pair is expected to find support at 1.29085, and a fall through could take it to the next support level of 1.28900. The pair is expected to find its first resistance at 1.29614, and a rise through could take it to the next resistance level of 1.29958. Previous Day range was 52.9 and Current Day Range is 11.8. AUD USD The AUD traded higher against the USD and closed at 0.7104. FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa. The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors. The pair is expected to find support at 0.70551, and a fall through could take it to the next support level of 0.70059. The pair is expected to find its first resistance at 0.71994, and a rise through could take it to the next resistance level of 0.72945. AUD USD previous Day range was 144.3 and Current Day Range is 16.6. NZD USD The NZD traded bit lower against USD and closed at 0.6774. New Zealand Employment Change q/q shows the change in the number of citizens officially employed in New Zealand resident companies in the given quarter compared to the previous one. Employment growth is a sign of a stronger labor market and can be seen as positive for the New Zealand dollar quotes. According to the analysis, pair is expected to find support at 0.67251, and a fall through could take it to the next support level of 0.66760. The pair is expected to find its first resistance at 0.68640, and a rise through could take it to the next resistance level of 0.69538. NZD USD previous day range was 138.9 and current day range is 33.5.

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

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.