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 apreciated by 9 paise to open at 67.9500 and swinging between 67.9500 and 67.7100 against the US dollar on account of increasing in selling pressure of american currency by banks and exporters. Moreover, weakening of dollar from 11- month peak against basket of currencies due to plunge of Philadelphia Federal[…]
Market Outlook The Indian Rupee opened nearly 12 paise down at 68.2450 and hovered in the range of 68.2750 and 68.1250 against the US dollar due to increasing demand of American currency by importers and banks. The dollar advance to near eleven month highs against a currency basket, as traders shrugged off concerns about a[…]
Market Outlook The Indian Rupee bounced back from its 1 month low, appreciated by 29 paise to open at 68.1025 and hovered in the range of 68.2300 and 68.0700 against the US dollar on account of fresh selling of the American currency by banks and exporters. Moreover; the rupee sentiment was also bolstered by a[…]
Market Outlook The Indian Rupee slides 7 paise to open at 68.1325 and throughout the day traded in the range of 68.3925 and 68.0250 against the US dollar on account of increasing demand of dollar from banks and importers amid persistent foreign fund outflows. Moreover; weak domestic bourses also put pressure on the rupee. on[…]
Market Outlook The Indian Rupee deprecated by 16 paise and opened at 68.2525, throughout the day it hovered in the range of 68.2875 and 68.0125 against the US dollar after the country’s trade deficit widened more than expected amid renewed global trade war fears. Contrarily, the dollar edged up towards a seven-month high on Monday[…]
Market Outlook The Indian Rupee plunged by 25 paise to hit a three-week low to open at 67.9975 and hovered in the range of 68.1175 and 67.9200 against the US dollar in early trade on strong demand for the greenback amid sustained foreign capital outflows. However, Dollar loses further ground on the day amid trade[…]
Market Outlook The Indian Rupee appreciate by 10 paise and opened at 67.6450 and through the day hovered in range of 67.8075 and 67.6275 against the US dollar on account of fresh selling of the greenback by exporters and banks backed up the rupee. However, the dollar slipped against basket of currencies even after the[…]
Market Outlook The Indian Rupee fell 7 paise to opened at 67.6525 against the US dollar on account of increasing in demand for the American currency from importers amid foreign fund outflows and rising retail inflation.Though, the dollar stay strong against basket of currencies as investors await a policy meeting at the U.S. Federal Reserve[…]
Market Outlook The Rupee paired initial losses and opened 4 paise lower at 67.6000 and throughout the day hovered in the range of 67.6275 and 67.4525 against the US dollar following sustained demand of dollar from importers. Moreover, Market participants are cautious ahead of key macro-events consumer price index (CPI) – inflation and index of[…]
Market Outlook The Indian Rupee appreciated by 8 paise and opened at 67.6475 against the US dollar following sustained selling of dollar from banks and exporters amid firm domestic equities.However, Traders await key macro events like consumer price index inflation and index of industrial production data which will be released tomorrow. The dollar slid against[…]
Market Outlook The Indian Rupee slipped 28 paisa and opened at 67.5125 and throughout the day traded in range of 67.7275 and 67.5125 against the US dollar following broad strength in the dollar against its major crosses and uptick in global crude oil prices. However, market participants will be keeping an eye on inflation and[…]
Market Outlook The Indian Rupee opened at flat note at 67.0300 and throughout the day it hovered in the range of 67.2725 and 67.0050 against the US dollar on account of repo rate hike and fresh demand for the American unit from importers and banks. However, the dollar’s weakness against rival currencies, including the euro,[…]