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 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[…]
Market Outlook The rupee opened on a cautious note and fell 6 paise to 70.88 against the US dollar in early trade on Wednesday tracking subdued opening in domestic equities. However, weakening of the US dollar vis-a-vis other currencies overseas and easing crude oil prices supported the domestic unit and restricted the fall. The[…]
Market Outlook The Indian rupee opened at 70.9000 per dollar, with selling seen in the domestic equity market as Nifty trading below 11,900. On the flip side, US dollar rose against the yen on Tuesday thanks to growing optimism the United States and China are on the verge of reaching a preliminary agreement to scale[…]
Market Outlook The rupee opened on a weak note and declined by 8 paise to 71.1550 against the US dollar in opening trade on Monday, as sustained foreign fund outflows weighed on investor community. Moreover, rising demand for the US dollar vis-a-vis other currencies overseas also weighed on the domestic currency. However, easing crude oil[…]
Market Outlook The Indian rupee (INR) opened at 71.1000 and throughout the day traded in the range of 71.1675 and 70.9600 against the US dollar. The domestic currency has been under pressure for past three trading sessions as rallies are sold off. As per macro front, core sector output data for the month of September[…]
Market Outlook The rupee appreciated by 11 paise to 70.9775 against the American currency in early trade on Thursday after the US Federal Reserve cut its benchmark interest rate. A positive opening in the equity market, weak dollar against other major currencies overseas and persistent foreign fund inflows supported the rupee. The dollar declined against[…]
Market Outlook The rupee opened flat at 71.0375 against the US dollar, as investors were cautious ahead of the US Federal Reserve’s interest rate decision. Besides, a strengthening greenback against other overseas currencies also kept investors on the edge. However, a positive opening in domestic equity market and easing crude oil prices supported the rupee[…]
Market Outlook The Indian rupee opened with partial gain at 70.9825 and traded in the range of 71.0775 and 70.8600 against the US dollar, as Firm domestic stock markets, easing crude prices and gains in other Asian currencies also supported the rupee. However, strengthening of the greenback vis-a-vis other currencies overseas capped gains for the[…]