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 weakened by 9 paise to 67.15 against the dollar in early trade today at the Interbank Foreign Exchange market on fresh demand for the American currency from importers. Strength in dollar against some other currencies overseas weighed on the rupee but a higher opening in the domestic equity market capped the[…]
Market Outlook The Rupee appreciated further by 11 paise to 66.80 against the American currency in late morning deals on sustained bouts of dollar selling by exporters and banks amid rallying domestic equities. Overseas, Dollar held steady against its major rivals in early trade with its near-term fortunes riding on whether US jobs data will[…]
Market Outlook The Rupee depreciated by 16 paise to trade at fresh three-week low of 67.21 against the dollar at the forex market today following increased demand for the American currency from importers and banks(+0.4% in June and in May). The dollar firmed up against some global currencies on US interest rate hike hopes this[…]
Market Outlook The Rupee weakened 15 paise to 66.96 against the US dollar in early trade at the Interbank Foreign Exchange today following increased demand for the American currency from banks and importers. German Producer prices in July 2016 of producer prices for industrial products fell by 2.0% compared with the corresponding month of the[…]
Market Outlook The Rupee recovered 7 paise to 66.82 against the US dollar in early trade today on selling of the US currency by exporters and banks amid a higher opening in the domestic equity market. Besides, weakness in the dollar against other currencies overseas supported the rupee. The UK consumer prices rose 0.6% y/y[…]
Market Outlook The Rupee recovered by 2 paise to 66.83 against the dollar in early trade today on mild selling of the US currency by exporters amidst higher opening in the domestic equity market. The Eurozone’s second-quarter GDP deteriorated slightly on both a quarterly and annual basis, with growth of 0.3% and 1.6%, respectively, following[…]
Market Outlook The Rupee was trading lower by 18 paise at 66.90 against the US dollar in early trade today on higher demand for the American currency from importers and banks amid a lower opening in the domestic equity market. The New Zealand dollar surged to its highest level in more than a year on[…]
Market Outlook The Rupee appreciated by 17 paise to 66.67 against the dollar today on sustained selling of the US currency by exporters and banks, with a higher opening in the equity market backing it up. The US Dollar faced selling pressure in overnight trade as US bonds advanced, pushing rates lower and undermining yield[…]
Market Outlook The Rupee depreciated 3 paise against the US dollar on Tuesday after the Reserve Bank of India announced the policy rates keeping the key rates unchanged. RBI kept the policy repo rate under the liquidity adjustment facility unchanged at 6.5 per cent. The Office for National Statistics (ONS) published the industrial and manufacturing[…]
Market Outlook The Rupee weakened 6 paise to 66.83 against the US dollar in early trade at the Interbank Foreign Exchange today following fresh demand for the American currency from banks and importers. However, a higher opening of the domestic equity market capped the rupee’s losses. Sterling traded near its weakest in three weeks against[…]
Market Outlook The Rupee strengthened further by 14 paise to end at 66.77 against the US currency on the back of sustained dollar selling by exporters amid weak overseas tone. Robust FII inflows into the equities and debt predominantly supported the domestic currency to sustain its momentum for the second consecutive day. The domestic currency[…]
Market Outlook The Rupee trimmed its initial gains but was still quoting up by 4 paise to 66.95 against the American currency in late morning deals on bouts of dollar selling by exporters amid gains in equities after the approval for passage of GST in the Rajya Sabha yesterday. The Pound fell to the day’s[…]