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 appreciated by 14 paise to open at 71.6600 but soon capped the gains and traded in the range of 72.1600 and 71.6550 against the US dollar due to strengthening of the US dollar against other currencies overseas and caution ahead of RBI central board meeting under new Governor Shaktikanta Das.On[…]
Market Outlook The Indian Rupee apreciated by 23 paise to open at 71.8775 and throughout the day swing around in the range of 72.0025 and 71.6225 against the US dollar as the new RBI Governor Shaktikanta Das stressed on the need for a consultative approach to tackle the pressing economic issues.However, foreign fund outflows and[…]
Market Outlook Extending losses for second consecutive session, the Rupee weaken by 31 paise to open at 72.3450 and throughout the day swing in the range of 72.3450 and 72.000 against the US dollar after the appointment of former bureaucrat Shaktikanta Das as the new governor of the Reserve Bank of India. On the flip[…]
Market Outlook The Indian rupee depriciated by 1 rupee to open at 72.5025, throughout the day swing in the range of 72.6000 and 71.8200 against the US dollar after the surprise exit of RBI governor Urjit Patel with immediate effect. Also, the swings in global crude prices at the backdrop of global financial turmoil amid[…]
Market Outlook The Rupee depriciated by 32 paise to open at 71.2200 and hovered in the range of 71.5775 and 71.2200 against the dollar due to heavy capital outflows from the domestic equity market as exit polls have raised concerns over the ruling BJP winning the state elections. Against major Asian peers, dollar was flat[…]
Market Outlook The Indian Rupee appreciated by 14 paise to open at 70.8025 and throughout the day swing around in the range of 70.9625 and 70.5700 against the US dollar on account of dollar’s weakness against other currencies overseas and a strong domestic equity market. Moreover, easing in crude oil prices, sustained foreign fund inflows[…]
Market Outlook The Indian Rupee depreciated by 22 paise to open at 70.8825 and throughout the day hovered in the range of 70.8825 and 71.3050 against the US dollar due to strengthening of American currency and a weak domestic market. On the flip side, dollar was little changed against major Asian peers while yuan fell[…]
Market Outlook The Indian Rupee weaken by 13 paise to open at 70.8200 due to fresh demand for the American currency from importers, strengthening of the US dollar and heavy selling in the domestic equity market but soon it trimmed losses as the Reserve Bank of India, in its fifth bi-monthly Monetary Policy meeting, has[…]
Market Outlook The Indian Rupee depreciated by 26 paise to open at 70.8950 but it wiped off its losses and was trading in range of 70.8950 and 70.5200 against US dollar on account of foreign fund inflows. However, dollar’s strength against other currencies overseas and rising crude oil prices capped the rupee’s gains. On the[…]
Market Outlook The Indian Rupee weaken by 15 paise to open at 70.0075 and throughout the day swing around in the range of 70.6775 and 70.0050 against the US dollar as oil prices soared around 5% after the United States and China agreed to a 90-day truce in their trade war, and ahead of a[…]
Market Outlook Extending gains for the fourth straight day, the rupee appreciated by 14 paise to open at 69.9600 and hovered in the range of 70.1100 and 69.8025 against the US dollar due to weakening of dollar against other major Asian peers. Moreover, sustained foreign fund inflows and increasing selling of dollar by exporters and[…]
Market Outlook The Indian rupee appreciated by 38 paise to open at 70.4775 and hovered in the range of 70.4900 and 69.9850 against the US dollar, while bond yields were at their lowest levels since early May, as most Asian markets rallied following the US Federal Reserve’s comments, helping boost appetite for riskier assets. On[…]