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 Indian Rupee strengthen by 38 paise to open at 72.3775 and swing around in the range of 72.5075 and 72.0875 against the US dollar, bolstered by a fall in global oil prices and RBI announcement to buy bonds via open market purchases. Moreover, strengthening of rupee eased the concerns over widening current[…]
Market Outlook The rupee appreciated by 5 paise to open at 72.9500 and hovered in the range of 72.9575 and 72.6100 against the US dollar owing to lower crude oil prices and better-than-expected macro economic data on the domestic front. Besides, the dollar weakness against major Asian peers and fund inflows by foreign investors also[…]
Market Outlook The Indian rupee weakened by 17 paise to open at 72.8100 and throughout the day hovered in the range of 73.2075 and 72.7975 against the US dollar due to increased dollar demand from importers and as Brent crude again crossed the $71 a barrel mark. On the flip side, dollar rose to 16-[…]
Market Outlook The Indian rupee depreciated by 11 paise to open at 72.7250 and throughout the day traded in the range of 72.9500 and 72.5875 against the US dollar following US mid-tem election results and easing crude oil prices. On the flip side, dollar was little changed after the Federal Reserve left interest rates on[…]
Market Outlook The Indian rupee appreciated by 21 paise to open at 73.0475 and swing around in the range of 73.1975 and 73.0225 against the US dollar on account of increasing selling of dollar by exporters, dollar weakness among major Asian peers and a better opening of the domestic equity market. On the flip side,[…]
Market Outlook The Indian Rupee weakens by 36 paise to open at 73.0025 and throughout the day hovered in the range of 73.2850 and 72.9025 against the US dollar. The major reason behind this fall is consistent foreign fund outflows, demand of dollar from importers and weak domestic bourses. On the flip side, dollar was[…]
The Indian Rupee appreciated by 29 paise to open at 73.3950 and hovered in the range of 73.4300 and 72.6100 against the US dollar. Basically, the gain is probably on the back of declining crude oil prices in the global market amid fresh capital fund inflows from foreign investor. Also, strong domestic bourses[…]
Market Outlook The Indian Rupee opened flat at 74.1975 and throughout the day hovered in the range of 74.4475 and 73.6500 against the US dollar due to increased selling of the American currency by exporters. Moreover, dollar weakness against major Asian peers and strong domestic bourses bolstered the rupee. The pound jumped more than 1%[…]
Market Outlook Against the US dollar, Indian rupee weakened by 15 paise to open at 74.0825 but sooner wiped off it loses after the government clarified on tussle with the Reserve Bank of India and said that it respects and nurtures central bank’s autonomy. However, the rupee was still trading weak due to dollar strength[…]
Market Outlook Due to sustained foreign fund outflows and increasing demand of dollar from importers, the Indian rupee opened weak at 73.7500 and hovered in the range of 73.9625 and 73.7300 against the US dollar. India and Japan signed a bilateral currency swap agreement for up to $75 billion during Prime Minister Narendra Modi’s visit[…]
Market Outlook On account of a firm domestic bourses and fresh selling pressure of US currency by exporters, the Indian rupee opened flat to positive at 73.3900 and throughout the day swing in the range of 73.4425 and 73.2500 against the dollar. Moreover, easing crude prices also bolstered the rupee sentiment. On the flip side,[…]
Market Outlook The Indian Rupee open flat at 73.3000 and swing around in the range of 73.4575 and 73.2650 against the US dollar on sustained foreign fund outflows and increasing demand of the American currencies from importers. Moreover, dollar strength against major Asian peers and weak domestic bourses also weighed on the local unit. On[…]