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 MCX Gold sustained at higher levels after the bulls so seen in the previous session. Bullion surpassed the immediate resistance of 37700 and sustaining above it may pull it towards the key resistance of 38000 whereas on lower levels, 37470 is seen as strong supporton daily charts. MCX Crude has been showing range[…]
The benchmark indices surged higher after opening gaped ip following the global equities peers after the Federal Reserve signalled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.Nifty settled at 12028.65. Metals shares were the major gainers of the day while Media[…]
Market Outlook The rupee opened on a cautious note at 71.8750 against the United States (US) dollar in early trade on Thursday, tracking muted opening in domestic equities. Traders were also awaiting fresh cues on the potential US-China trade deal. Foreign institutional investors (FIIs) remained net buyers in the capital markets, as they purchased shares[…]
Market Outlook Indian rupee erased its gains and trading at day’s low level at 71.90 per dollar, with domestic equity market trading off day’s high level after Sensex hitting all-time high. It opened lower by 12 paise at 71.83 per dollar on Wednesday versus previous close 71.71. On November 19, the rupee recovered from the[…]
Market Outlook The Indian rupee recovered from the day’s low and trading flat at 71.8900 per dollar, with domestic equity market trading higher. The dollar stabilised against a broad basket of other currencies on Tuesday after three consecutive days of losses as investors waited for the release of the minutes of the U.S. central bank[…]
Market Outlook The Indian rupee gained in the early on Monday. It opened higher by 12 paise at 71.7500 per dollar versus Friday’s close 71.8700 per dollar, extending its gains for the third session on the back of a positive trend in equity markets and weakness in the greenback against its major crosses. Contrary, dollar[…]
Market Outlook The Indian rupee appreciated by 12 paise to 71.9000 against the US dollar on Friday as gains in domestic equity market and weakening of the American currency vis-a-vis other currencies overseas strengthened investor sentiments. The dollar found broad support on Friday as fresh signs of a global economic slowdown and little visible progress[…]
Market Outlook Rupee opens at 72.1150 per dollar against Wednesday’s close of 72.1550 per US dollar, after US President Donald Trump’s speech in which he threatened to “substantially” increase tariffs if China failed to agree a trade deal. India reported a dismal factory output data, which also hit trader’s confidence in rupee. It shrank to[…]
Market Outlook The Indian rupee slipped in the early trade on Wednesday. It opened lower by 25 paise at 71.7875 per dollar versus Monday’s 71.5550, with domestic equity market are trading in red, Nifty below 11,900. On the flip side, dollar drifted in Asia after Trump said a trade deal was “close” but gave no[…]
Market Outlook The Indian rupee was trading nearly a month low on November 11, following selling pressure in domestic equity market. It opened lower by 5 paise at 71.4000 per dollar versus Friday’s close 71.3500. Focus will now shift to India’s macroeconomic data to be released in the next week. The dollar held near multi-week[…]
Market Outlook The rupee opened on a weak note and declined by 28 paise to open at 71.3225 against the US dollar in opening trade after Moody’s Investors Service changed the outlook on India’s ratings to ‘negative’ from ‘stable’, saying there was increasing risks that economic growth will remain materially lower than the past. Sustained[…]
Market Outlook The rupee opened on a weak note at 71.1550 against the US dollar in opening trade on Thursday after reports that the US-China trade deal signing could be delayed to December weighed on investor community. Moreover, the decline in the domestic unit was largely in tandem with other Asian currencies after reports of[…]