Currency Trading is to act of buying and selling (trading) different currencies of the world. If you want to learn about how to save time and money visit Trifid Research. The Foreign Exchange (or Forex) is the currency market that allows you to trade currencies in volume. The two currencies involved in a foreign exchange rate. Example: EUR/USD
Forex is short for foreign exchange, Forex is the largest financial market in the world, with about 4 trillion US dollars in daily volume and 24-hour market action. The Forex market can change way at a sudden moment’s notice, depending on conditions within that country. Forex is an over-the-counter market.
COMEX is known as the Commodity Exchange, COMEX The primary market for trading metals like silver, gold, copper & aluminum. Formerly known as the Commodity Exchange Inc. COMEX Tips includes those investors who trade in International Commodities traded in COMEX.
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Market Outlook The rupee pared its early losses to rule steady at its overnight levels of 66.66 against the American currency in late morning deals bouts of dollar selling from banks and exporters. Overseas, US dollar gained against the basket currencies in early Asian trade, but was on track to end a tumultuous week with[…]
Market Outlook The Rupee strengthened by 18 paise to 66.84 against the dollar in early trade at the Interbank Foreign Exchange on selling of the US currency by exporters and banks amid foreign fund inflows. A fall in dollar against major world currencies after the US Federal Reserve decided against lifting interest rates also helped[…]
Market Outlook The Rupee dropped from initial gains and was trading down by 9 paise at 67.10 against the American unit in late morning deals on sustained bouts of dollar demand from importers and banks despite higher domestic equities. Bank of Japan’s monetary policy decision has been released, with the Central Bank keeping rates unchanged[…]
Market Outlook The Rupee weakened by 2 paise to 66.98 against the dollar in early trade at the Interbank Foreign Exchange market today on fresh demand for the American currency from importers. Strength in dollar against some currencies overseas and weakness in domestic equities in the opening trade also weighed on the rupee. The yen[…]
Market Outlook The rupee advanced further from initial gains and was trading higher by 10 paise at 66.87 against the American currency in late morning deals on sustained bouts of dollar selling from banks and exporters amidst firm domestic equities. The dollar fell from a two-week high on Monday, with a stronger oil price the[…]
Market Outlook The Rupee firmed up 16 paise to 66.86 against the dollar in early trade on fresh selling of the US currency by exporters and banks amid a higher opening in the domestic equity market. Further, foreign fund inflows and a higher opening in the domestic equity market gave the uptrend some momentum. Most[…]
Market Outlook Rupee washed out its initial gains and was quoted lower by 7 paise to 66.96 against the American currency in the late morning deals on fresh dollar demand from banks and importers amid reports that the Commerce Ministry might propose devaluation of the rupee to boost exports. The rupee weakened 0.28% to 67.0750[…]
Market Outlook Extending losses for the third day, the Rupee dropped by another 7 paise to 66.99 against the US dollar in early trade today at Interbank Foreign Exchange market as the American currency strengthened overseas. In July 2016 compared with June 2016, seasonally adjusted industrial production fell by 1.1% in the euro area. In[…]
Market Outlook The Rupee pared some initial losses, but was still down 18 paise at 66.86 against the American currency in late morning trade on bouts of dollar demand from banks and importers amid weak domestic market. Overseas, the dollar began the week on the back foot as a bout of risk aversion underpinned the[…]
Market Outlook The Rupee was trading weak at 66.55 against the US dollar on increased demand for the American unit from importers and banks. Besides, strength in the dollar against some other currencies overseas also weighed on the domestic currency. Rupee’s fall increased demand for the US currency and a weak domestic equity market. The[…]
Market Outlook The Rupee weakened 12 paise to 66.49 against the US dollar in early trade, snapping its six-session gaining spree at the Interbank Foreign Exchange market today on fresh demand for the American currency from banks and importers. Bond yield fell in 10 out of 12 trading sessions. The 10-year bond yield was trading[…]
Market Outlook The rupee appreciated further by 19 paise to trade at over 4-month high of 66.33 against the US dollar in early trade at the forex market today on increased selling of the American currency by banks and exporters. Strong foreign fund inflows, weakness of the dollar against other currencies overseas and a higher[…]