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 initial losses, but traded lower by 23 paise against the US dollar on sustained bouts of the American currency’s demand from importers and banks amid higher dollar overseas. The rupee opened lower at 65.06 as against yesterday’s close of 64.76 at the inter-bank foreign exchange here. The trader sentiment[…]
Market Outlook The rupee opened down by 11 paise at 64.90 per dollar today versus previous close 64.79.Pramit Brahmbhatt said that “Rupee will trade with a negative sentiment on back of stronger USD as well as weak the domestic equity market. 64.80 is the immediate support for the rupee and more negative movement can be[…]
Market Outlook The rupee tent 64 paise from 64.85 against the US dollar (USD) at the interbank forex market today. Due to higher demand for the US dollar from importers and banks and broad strength of the greenback for the rupee’s decline today. On Friday, the rupee had closed 30 paise lower at 64.21 against[…]
Market Outlook The rupee on Friday opened 4 paise up at 63.87 against the dollar, making the most of further weakness of the greenback globally. The dollar slipped to its lowest levels in more than three years against a basket of currencies on Friday, headed for its biggest weekly loss in two years as negative sentiment[…]
Market Outlook The rupee started off well against the dollar on Thursday with a gain of 15 paise at 63.94, riding on a global weakness of the US unit. The dollar extended its losses against the yen and hit a new 15-month low on Thursday, with market participants bracing for further near-term weakness in the US[…]
Market Outlook The rupee on Wednesday opened 17 paise higher at 64.15 against the dollar, riding on the back of comforting macro data points. The dollar hit a 15-month low against the yen and fell versus the euro for the fourth consecutive day on Wednesday with investors nervous ahead of key U.S. inflation numbers due later[…]
Market Outlook The rupee opened 14 paise up at 64.26 against the greenback as it bounced from a near two-month low, propped up by local equities. Banks and exporters took to selling of the American currency. The euro edged higher on Monday and the dollar fell back, as a bounce in equity markets ended a strong[…]
Market Outlook The Indian rupee slipped in the early trade on Friday. “The USD-INR market has been little more volatile than before reflecting global sentiments, expecting a higher opening today and a range of 64.20-64.40 for the day.” The dollar hit two-week highs against a basket of currencies in choppy trading as investors reduced bearish[…]
Market Outlook The Indian rupee pared all the morning losses and strengthened against the US dollar after local equity markets jumped over 500 points. The home currency was trading at 64.26 a dollar, up 0.14% from its previous close of 64.29. The currency opened at 64.38 and touched a high and a low of 64.15[…]
Market Outlook The Indian rupee and bond prices on Wednesday advanced after the Reserve Bank of India (RBI) kept its interest rates unchanged, while maintaining a neutral monetary policy stance. The rupee was trading at 64.14, up 0.16% from its previous close of 64.25. It opened at 64.11 a dollar and touched a high and[…]
Market Outlook The Indian rupee (INR) fell to 64.39 against the US dollar (USD) today, amid a selloff in domestic equity markets and dollar demand from importers and banks. This is the lowest value of the rupee (INR) against the US dollar (USD) since December 18, 2017, when it hit 64.68 intraday against the US[…]
Market Outlook The Indian rupee and bond prices fell on Monday, tracking losses in global equities and currencies markets after strong job data increased prospects of a rate hike by the US Federal Reserve next month. The next US Fed policy will start on 21 March. The dollar index steady in morning trade. The US[…]