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 inched up slightly against dollar in early trades on Friday on increased selling of the American currency by exporters and banks. However, the dollars recovery against some currencies overseas restricted the local unit upmove. The dollar gained in Asia on Friday as solid data from Japan and China did not[…]
Market Outlook The Indian rupee’s rally since mid-November could see a turning point with elections in Prime Minister Narendra Modi’s home state of Gujarat. Yuan was flat against dollar on Today’s trade, as the local currency was hobbled by uncertainty over its outlook for next year and how Chinese growth and US rate increases will[…]
Market Outlook The rupee opened 5 paise down at 64.43 against dollar amid a caution ahead of the RBI monetary policy decision. The local currency on Tuesday closed almost flat at 64.38 against the US dollar. The RBI, meanwhile, fixed the reference rate for the dollar at 64.3764. The dollar edged broadly lower in a[…]
Market Outlook The rupee (INR) strengthened to nearly 3-month high of 64.23 against the US dollar (USD) today at the interbank forex market today – the highest value of the rupee against the dollar since September 13. Traders attributed the rupee’s gains to increased selling of the American currency by banks and exporters. The dollar[…]
Market Outlook The Indian rupee opened lower by 9 paise at 64.55 per dollar on Monday versus 64.46 Thursday.Pramit Brahmbhatt of Veracity said, “Ahead of RBI’s monetary policy announcement which is lined up on December 6, rupee will be volatile. Trading range for the spot USD-INR pair will be 64.20-64.80.”. The dollar rose against the[…]
Market Outlook The Indian rupee slipped in the opening trade on Thursday. It has opened lower by 23 paise at 64.54 per dollar versus 64.31 yesterday. Mohan Shenoi of Kotak Mahindra Bank said, “Strong US data, progress in US tax reform bill and Powell’s statements indicate December US Fed rate hike is on track. US[…]
Market Outlook The rupee wiped off its initial losses and closed strong at 64.36 as the dollar dipped against a basket of currencies due to broad strength in sterling as well as worries over a possible US government shutdown after Democrats pulled out of a meeting with President Donald Trump. The dollar, already on track[…]
Market Outlook The domestic unit opened a tad up at 64.56 at the Interbank Foreign Exchange market today. It hovered in a range of 64.74 and 64.56 before quoting at 64.70, down 12 paise. However, the US dollar was listless against the euro in the global market after data showed that the euro zone economy[…]
Market Outlook The rupee strengthened to 64.56 as the dollar touched a two-month low versus the euro. The dollar index edged lower to 92.651, near two-month low of 92.675 touched on Friday. US dollar was lower against its major rivals in early Asian trade, while the euro hit a two-month high and held firm against[…]
Market Outlook The rupee dropped 14 paise to 64.72 against the US dollar today as the American currency gained traction among importers. However, the US dollar was listless against the euro in the global market after data showed that the euro zone economy continued to improve and job creation grew at its fastest pace in[…]
Market Outlook The rupee strengthened to 64.63 against the US currency due to increased dollar selling by banks and exporters. According to forex dealers, weakening of dollar against other currencies overseas also supported the rupee. dollar touched a two-month low against the yen on Thursday, having tumbled after the minutes of the Federal Reserve’s latest[…]
Market Outlook The Indian rupee on Wednesday strengthened marginally against the US dollar, tracking gains in the local equity markets. At 2pm, the home currency was trading at 64.85 a dollar, up 0.06% from its Tuesday’s close of 64.89. The rupee opened at 64.77 a dollar. The euro edged higher for a second consecutive day[…]