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 on Thursday staged a smart recovery by gaining 14 paise to close at 66.82 a dollar on fresh selling of the American currency by banks and exporters on the back of weakness of greenback in the overseas market. The dollar drifted on Thursday as impact from the Federal Reserve’s policy meeting[…]
Market Outlook The Rupee opened nearly 3 paise down at 66.95 against dollar today on account of selling of American currency by banks and exporters. The euro fell below $1.05 for the first time in six weeks on Wednesday, hit by a combination of concern over France’s presidential election campaign and growing expectations for a[…]
Market Outlook The Indian rupee on Monday strengthened against the US dollar after local equity markets gained for the third consecutive session.The rupee closed at 66.93, up 0.14% from its previous close of 67.02. The local currency opened at 67.08 a dollar and touched a high and a low of 66.90 and 67.10, respectively.The dollar[…]
Market Outlook The rupee resumed lower at 67.10 as against the yesterday’s closing of 67.07 at the Interbank Foreign Exchange market and dropped further to 67.1525 on initial dollar demand from importers owing to higher crude oil prices in the global market. The domestic currency recovered afterwards to 66.9850 on selling of the American currency[…]
Market Outlook The rupee opened nearly 5 paise down at 66.95 against dollar on Thursday on account of selling of the US currency by bank & exporters. The dollar broke an 11-day winning streak on Thursday, falling back against the euro, yen and the basket of currencies that measures its broader strength after hitting its[…]
Market Outlook The Rupee opened today at 66.92 against dollar after Federal Reserve Chair Janet Yellen spoke in support of interest rate hike next month. The local currency on Tuesday recovered by 9 paise to end at 66.93 against dollar on fresh selling of dollars by banks and exporters amid weakness in American currency in[…]
Market Outlook The Rupee’s sharpest rally in almost a year is giving India’s central bank scope to take out an insurance policy for what could be a tumultuous 2017. China’s yuan weakened against the dollar on Tuesday as the greenback hovered near a four-week high against a basket of currencies. Fundamental News The dollar fall[…]
Market Outlook The Rupee opened nearly 2 paise down at 68.90 on Monday on account of buying of American currency by banks and exporters. The dollar hit a 2 week high against yen with another round of gains on Monday as investors focused again on the U.S. reflation trade which dominated the aftermath of Donald[…]
Market Outlook The Rupee today soared by 34 paise to end at a fresh 3-month high of 66.85 against the US dollar by exporters and banks. The dollar was buoyant on Friday, rising to a 1-1/2-week high versus the yen, on comments by US President Donald Trump that he would announce the most ambitious tax[…]
Market Outlook The Rupee opened nearly 15 paise higher at 67.04 against the dollar on today amid fresh selling of American currency by banks and exporters. In week which has seen the U.S dollar find a firmer footing, the greenback was down a tad as lingering risk aversion pinned U.S. bond yields near multi-week lows.The[…]
Market Outlook India’s central bank kept its policy rate on hold for a second meeting in a row, opting to wait for more clarity on the trend for inflation and on how a radical crackdown on “black money” would impact economic growth. RBI monetary policy committee on Wednesday voted 6-0 to keep the repo rate[…]
Market Outlook India’s rupee will reverse recent gains and sink to a record low in the coming year on expectations for a rise in the dollar even though US President Donald Trump has made clear his dislike of a strong currency, a Reuters poll found. The cost of insuring against volatility in the euro versus[…]