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  • IMF says Asia facing risks from rise in protectionism

    SINGAPORE (Reuters) – The International Monetary Fund said Asia’s economic outlook faces “significant” uncertainty and downside growth...
    IMF says Asia facing risks from rise in protectionism

    SINGAPORE (Reuters) – The International Monetary Fund said Asia’s economic outlook faces “significant” uncertainty and downside growth risks from any sudden tightening in global financial conditions or rise in protectionist trade policies.
    The IMF, which in April raised its 2017 Asia-Pacific growth forecast to 5.5 percent from its previous October forecast of 5.4 percent, said loose monetary and fiscal policies across most of the region would underpin domestic demand.
    “However, the near-term outlook is clouded with significant uncertainty, and risks, on balance, remain slanted to the downside,” the IMF said in its Asia-Pacific regional economic outlook released on Tuesday.
    In April, the IMF kept the region’s 2018 growth forecast unchanged at 5.4 percent. Asia-Pacific recorded 5.3 percent growth in 2016.
    The report comes at a time when policymakers around the region are wrestling with the challenge of how to navigate rising risks of protectionism under U.S. President Donald Trump, and a potential increase in funding costs as the Federal Reserve steps up the pace of rate hikes.

    Read Details : https://www.xtreamforex.com/Education/imf-says-asia-facing-risks-from-rise-in-protectionism/
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  • GBP/USD: Will the post-Fed recovery sustain ahead of UK services PMI?

    Having found fresh bids once again near 1.2860 region in Asia opening trades, the GBP/USD pair kept its steady recovery mode intact, with the bulls regaining the bids heading into the all-important UK services PMI report due on the cards later today.
    Currently, the spot remains in the lower bound of this week’s 100-pips trading range, in response to a solid comeback staged by the US dollar across the board, following the overnight FOMC outcome.
    The shorter-duration treasury yields rocketed, as June Fed rate hike bets swelled after the Fed noted that the Q1 GDP weakness was transitory, while adding that inflation is running close to 2% goal. The Fed also acknowledged the continued improved in the labor market.
    Moreover, the spot remained under pressure and failed to hold the 1.29 handle a day before, as renewed concerns over the Brexit deal weighed on the GBP. EU’s Chief Brexit negotiator Barnier delivered the EU-Brexit directives yesterday, noting that Brexit will have legal and human consequences.
    In the day ahead, it remains to be seen if the major can extend the recovery beyond 1.29 handle, should the UK services PMI data deliver a positive surprise, especially after the UK manufacturing and construction PMI reading surprised markets to the upside. Also, the US jobless claims, trade balance and factory orders data will be eyed for further momentum.

    GBP/USD Levels to consider

    A break above 1.2900 (5-DMA/ round number) could lift the pair above 1.2955 (May 1 high), beyond which a test of 1.2970 (7-month tops) is imminent. Conversely, a break below 1.2862/61 (daily & previous lows), leading to a subsequent break below 1.2835/34 (classic S1/ Apr 27 low) is likely to drag the pair towards testing its next support near 1.2800 (key support).

    Find More Analysis:  https://www.xtreamforex.com/Education/
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  • Xtreamforex is glad to announce the Demo Contest Winners Name.
    After one month of demo trading contest at last we have found the final 15 contest winners.
    Our first 5 Demo Contest Winners are:
    ...
    Xtreamforex is glad to announce the Demo Contest Winners Name.
    After one month of demo trading contest at last we have found the final 15 contest winners.
    Our first 5 Demo Contest Winners are:
    1 33366 Elie Rebeiz Serbia $11,000
    2 34084 nicolas colan Italy $5000
    3 34107 sabir rehman Bangladesh $3,000
    4 34085 zaheet zumair Oman $200
    5 33375 jane lee China $200

    Visit: https://www.xtreamforex.com/competitions-ranking/
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  • EUR/JPY Maintains Strength Ahead Of BoJ
    With the first round of last Sunday’s French presidential election fading into the background and pro-euro candidate Emmanuel Macron still heavily favored...
    EUR/JPY Maintains Strength Ahead Of BoJ
    With the first round of last Sunday’s French presidential election fading into the background and pro-euro candidate Emmanuel Macron still heavily favored to win the presidency in early May, the euro has managed to retain most of its recent gains, especially against the Japanese yen. EUR/JPY rose to hit a key historical support/resistance level around 122.00 on Wednesday after having gapped up in the aftermath of Sunday’s French vote outcome, as the euro surged in a relief rally while the yen dropped on lower safe-haven demand.

    There is no shortage of political and economic events to move markets at the current time, including US President Trump’s plans to reform and cut US taxes, but the more pressing events for EUR/JPY will occur during Thursday’s Asian and European trading sessions. Both the Bank of Japan (BoJ) and European Central Bank (ECB) will issue their respective monetary policy decisions and statements on Thursday.

    While both of these key central banks are not expected to make any major changes to monetary policy at this time, they will more than likely give hints as to future potential policy direction given recent and current economic and political developments. The BoJ is expected to keep its main interest rate target unchanged in negative territory (at -0.10%) as usual, and maintain its massive ‘quantitative and qualitative monetary easing’ (QQE) program. Barring any surprises, the key to Thursday’s statement will be the BoJ’s updated projections on Japan’s economic growth and inflation, which could have a significant impact on the recently-plunging Japanese yen.

    Read More: https://www.xtreamforex.com/Education/eurjpy-maintains-strength-ahead-of-boj-ecb/
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  • How to do Fundamental Analysis & Fundamentals Trading Strategies


    In the equities market, fundamental analysis looks to measure a company’s true value and to base investments upon this type of...
    How to do Fundamental Analysis & Fundamentals Trading Strategies


    In the equities market, fundamental analysis looks to measure a company’s true value and to base investments upon this type of calculation. To some extent, the same is done in the retail forex market, where forex fundamental traders evaluate currencies, and their countries, like companies and use economic announcements to gain an idea of the currency’s true value.
    All of the news reports, economic data and political events that come out about a country are similar to news that comes out about a stock in that it is used by investors to gain an idea of value. This value changes over time due to many factors, including economic growth and financial strength. Fundamental traders look at all of this information to evaluate a country’s currency.
    Given that there are practically unlimited forex fundamentals trading strategies based on fundamental data, one could write a book on this subject. To give you a better idea of a tangible trading opportunity, let’s go over one of the most well-known situations, the forex carry trade. (To read some frequently asked questions about currency trading,

    Read More
    https://www.xtreamforex.com/Education/forex-tutorial-fundamental-analysis-fundamentals-trading-strategies/
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  • Oil Prices Fundamental Report : Biggest Weekly Drop In A Month


    Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led...
    Oil Prices Fundamental Report : Biggest Weekly Drop In A Month


    Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more than two years.
    Brent crude futures (LCOc1) were at $52.99 per barrel at 0323 GMT (11:23 p.m. EDT), flat from their last close. Brent futures are set for a 5.2 percent weekly drop, the most since the week of March 10.
    U.S. West Texas Intermediate (WTI) crude futures (CLc1) were also almost unchanged, at $50.74 a barrel. WTI is set for a 4.6 percent weekly decline, also the most since March 10.
    Reuters' technical analyst Wang Tao said that WTI had support just above $50 per barrel, while Brent had support around $52.55.
    The stable prices on Friday followed a more-than-3.5 percent fall in both benchmarks earlier this week as doubts emerged over the effect of an effort led by the Organization of the Petroleum Exporting Countries (OPEC) to cut production by almost 1.8 million barrels per day (bpd) during the first half of the year.
    Thomson Reuters Eikon data shows that a record 48 million bpd of crude is being shipped across ocean waters in April, up 5.8 percent since December, before cuts were implemented.

    Read Full Report: https://www.xtreamforex.com/Education/oil-prices-fundamental-analysis-biggest-weekly-drop-in-a-month/
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  • How are Bollinger Bands used in forex trading?

    Bollinger Bands are one of the most popular technical indicators for traders in any financial market, whether investors are trading stocks, bonds...
    How are Bollinger Bands used in forex trading?

    Bollinger Bands are one of the most popular technical indicators for traders in any financial market, whether investors are trading stocks, bonds or foreign exchange (FX). Many traders use Bollinger Bands to determine overbought and oversold levels, selling when a price touches the upper Bollinger Band and buying when it hits the lower Bollinger Band. In range-bound markets, this technique works well, as prices travel between the two bands like balls bouncing off the walls of a racquetball court. However, Bollinger Bands don’t always give accurate buy and sell signals. This is where the more specific Bollinger Band “bands” come in. Let’s take a look.
    As John Bollinger was first to acknowledge: “tags of the bands are just that – tags, not signals. A tag of the upper Bollinger Band is not in and of itself a sell signal. A tag of the lower Bollinger Band is not in and of itself a buy signal.” Price often can and does “walk the band.” In those markets, traders who continuously try to “sell the top” or “buy the bottom” are faced with an excruciating series of stop-outs or worse, an ever-mounting floating loss as price moves further and further away from the original entry.
    Perhaps a more useful way to trade with Bollinger Bands is to use them to gauge trends. To understand why Bollinger Bands may be a good tool for this task we first need to ask – what is a trend?


    https://goo.gl/zzzm4A">Read More
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  • Oil falls - 0.79% after North Korean missile test
    Crude oil fell in quiet trading on Monday, after the three-day Easter break, on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market digested North Korea's failed missile launch on Sunday.
    Benchmark Brent crude futures were down 49 cents at $55.40 at 0310 GMT. On Thursday, before the break closed most major markets, they settled up 3 cents at $55.89 a barrel.
    U.S. West Texas Intermediate crude futures were also down 47 cents at $52.71 a barrel. They rose 7 cents to $53.18 on Thursday.
    Read More Details:  https://www.xtreamforex.com/Education/daily-forex-news/

    Gold Price rose in Asia as china GDPs improvement
    Gold prices gained solidly on Monday as China GDP came in better than expected and tensions on the Korean peninsula supported demand.
    Gold for June delivery on the Comex division of the New York Mercantile Exchange rose 0.35% to $1,293.00 a troy ounce, while silver futures were up 0.49% to $18.600 and copper futures gained 0.62% to $2.583 a pound.
    Read More Details:  https://www.xtreamforex.com/Education/daily-forex-news/
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