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 appreciated by 16 paise to 69.6100 against the US dollar in opening trade on Wednesday ahead of the US central bank’s meeting. Moreover, market participants are waiting for the monetary policy of FOMC, Bank of England and Bank of Japan, scheduled this week. Besides, positive opening in domestic equities, foreign fund[…]
Market Outlook The rupee appreciated by 5 paise to 69.9375 against the US dollar on Tuesday, driven by the positive opening in domestic equities and easing crude prices. Selling of the American currency by exporters and fall in crude oil prices supported the rupee. However, foreign fund outflows weighed on the domestic currency. The dollar[…]
Market Outlook The rupee depreciated by 10 paise to 69.9950 against the US dollar in early trade on Monday on weak opening in domestic equities and rising crude oil prices. Rising crude oil prices, foreign fund outflows and heavy selling in domestic equities kept pressure on the Indian rupee. Brent crude futures, the global oil[…]
Market Outlook The rupee opened on a weak note at 69.6175 against the US dollar in opening trade on Friday, as rising crude oil price concerns weighed on the investor community. The the rupee is trading in a narrow range as prospects of an interest rate cut by the US Federal Reserve kept investors edgy.[…]
Market Outlook The rupee opened on a cautious note and fell 2 paise to 69.4475 against the US dollar in early trade on Thursday amid a strengthening of the greenback vis-a-vis other currencies overseas, even as crude oil prices eased.Weak macro data, foreign fund outflows and a cautious opening in domestic equities added pressure to[…]
Market Outlook The rupee appreciated by 3 paise to 69.5425 against the US dollar in opening trade on Wednesday, driven by easing crude oil prices and foreign fund inflows.Weakening of the greenback vis-a-vis some major currencies overseas aided the local unit. However, a weak opening in domestic equities weighed on the domestic currency.On the flip[…]
Market Outlook The rupee appreciated by 21 paise to 69.5550 against the US dollar in opening trade, driven by a weakening of the greenback and a positive opening in domestic equities. On the other hand, rising crude oil prices restricted the rupee’s up-move. On the flip side, the dollar steadied above a recent two-and-a-half-month low[…]
Market Outlook Against the US dollar, the Indian rupee opened flat at 69.5850, driven by a higher opening in domestic equities. Moreover, the local currency also gained strength amid a weakening of the greenback in overseas markets. However, rising crude oil prices and sustained foreign fund inflows weighed on the domestic currency and restricted the[…]
Market Outlook Against the US dollar, the rupee depreciated by 12 paise to open at 69.5450, after the Reserve Bank of India cut its repo rate by 0.25% on Thursday. Following the RBI’s Monetary Policy Committee (MPC) decision, the local currency recovered most of the lost ground. Moreover, heavy selling in domestic equities also weighed[…]
Market Outlook The rupee appreciated by 13 paise to 69.2600 against the United States (US) dollar in early trade on Tuesday driven by weakening of the green-back in overseas markets and sustained foreign fund inflows.Moreover, selling of the American currency by exporters, fresh foreign fund inflows and easing crude oil prices supported the rupee.The U.S.[…]
Market Outlook The rupee appreciated by 10 paise to open at 69.8000 against the US dollar, driven by easing crude prices and higher opening in domestic equities. Moreover, the local currency gained strength ahead of the Reserve Bank of India’s monetary policy meet. The Monetary Policy Committee (MPC), which decides on key interest rates, will[…]
Market Outlook The rupee appreciated by 7 paise to open at 70.000 against the US dollar,driven by positive opening in domestic equities and weakening of the greenback in overseas markets. Moreover, easing crude prices, sustained foreign fund inflows and selling of the American currency by exporters supported the rupee. On the other hand, the U.S.[…]