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 opened on a cautious note at 68.9575 against the US dollar in early trade on Monday amid heavy selling in domestic equities and rising crude oil prices. Moreover, strengthening of the greenback vis-a-vis other currencies overseas and foreign fund outflows weighed on the local unit. On the other side, the dollar[…]
Market Outlook The rupee appreciated by 21 paise to 68.7875 against the United States (US) dollar in early trade on Friday, as market participants pinned their hopes on aggressive interest cut by the US Federal Reserve later this month. Moreover, Rupee along with most Asian currencies was trading in the positive territory following dovish comments[…]
Market Outlook The rupee appreciated marginally by 5 paise to 68.8675 against the United States (US) dollar in the opening trade on Thursday, driven by weakening of the US dollar vis-a-vis other currencies overseas. On the flip side, the U.S. dollar was slightly weaker against a currency basket as lower U.S. yields and a recovery[…]
Market Outlook The rupee opened on a cautious note at 68.7150 against the United States (US) dollar in early trade on Wednesday amid rising crude oil prices and foreign fund outflows. However, weakening of the greenback vis-a-vis other currencies overseas and positive opening in domestic equities added support to the local unit and restricted the[…]
Market Outlook The rupee opened flat at 68.6400 against the United States (US) dollar in early trade on Tuesday as the country’s exports entered the negative zone after a gap of eight months. Notwithstanding the weak trade data, positive opening in domestic equities supported the local unit and restricted the downfall. On macro front, India’s[…]
Market Outlook The rupee appreciated by 7 paise to open at 68.7000 against the US dollar in opening trade on Monday, driven by a positive opening in domestic equities and easing crude oil prices. However, foreign fund outflows weighed on the domestic currency and restricted the upmove. On the flip side, the dollar was a[…]
Market Outlook The rupee opened on a cautious note and fell 3 paise to 68.5725 against the US dollar in early trade on Friday ahead of the release of key macro-economic data. The rupee is trading in a narrow range ahead of the release of retail inflation and factory output data. Besides, the weakening of[…]
Market Outlook The rupee rebounded 25 paise to open at 68.4675 against the US dollar in early trade on Thursday, in tandem with other emerging market currencies after Federal Reserve chief Jerome Powell bolstered expectations of a rate cut later this month. However, rising crude oil prices capped the gains. On domestic macro front, an[…]
Market Outlook The rupee tumbled 7 paise to open at 68.7650 against the US dollar in early trade on Wednesday amid unabated foreign fund outflows and rising crude oil prices. On the flip side, the dollar was higher against the British pound and emerging market currencies in early trading in Europe Wednesday, but range-bound against[…]
Market Outlook The rupee on Tuesday declined by 7 paise to open at 68.8950 against the US currency in early trade, due to strong dollar demand from banks and importers amid persistent foreign fund outflows. A strengthening dollar against major currencies overseas and weak domestic equity market weighed on the local unit. However, softening crude[…]
Market Outlook The Rupee depreciated by 12 paise to 68.74 against the US dollar in early trade, mainly due to heavy selling in domestic equities and foreign fund outflows. However, weakening of the American currency in the overseas market, and easing crude oil prices restricted the rupee’s decline. On the flip side, the dollar rose[…]
Market Outlook The Indian rupee opened flat at 68.6800 against the US dollar as forex market weighed measures announced in the Union Budget to achieve the USD 5-trillion economy target. Presenting the first Budget of the Modi government in its second term, she said the Indian economy, which stood at USD 1.85 trillion five years[…]