Forex Trading: 08/26/11

Foreign Exchange Insight: GBP USD Poised ahead of Jackson Hole Symposium EUR Gains on Hope For Stability

The Pound Euro exchange rate (GBP EUR) is 1.1305. The Pound Dollar exchange rate (GBP USD) is 1.6324. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5550. The pound sold off yesterday against most of the world's most actively traded currencies with CBI figures showing a slowing in demand in the UK economy. This has not helped in...

USD To Face Sideways Price Action Ahead Of Major Event Risks

DJ FXCM Dollar Index IndexLastHighLowDaily Change (%)Daily Range (% of ATR) DJ-FXCM Dollar Index9438.129519.839424.94-0.9298.30% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.92% lower from the open after moving 98% of its average true range, and the reserve currency may continue to give back the advance from earlier...

Is Forex suitable for me ?

If you would like to enter the planet of foreign exchange however take into account yourself as a uncertain starter, this piece of data can surely be of nice use to you. Before we have a tendency to browse any longer, it's necessary for you to know that lack of understanding in context of the fundamentals of foreign exchange can lead...

Forex History

What is forex trading? The creation of the gold commonplace financial system in 1875 marked one among the foremost vital events within the history of the forex currency market. As countries every hooked up an quantity of their currency to be equal to an oz of gold the changing worth of gold between 2 currencies became the primary standardized...

Most Traded Forex Currencies

1. United States dollar = 84.9%2. Euro = 39.1%3. Japanese yen = 19.0%4. Pound Sterling = 12.9%5. Australian dollar = 7.6%6. Swiss franc = 6.4%7. Canadian dollar = 5.3%8. HongKong dollar = 2.4%9. Swedish Krona =2.2%10. New Zealand = 1...

What is Forex trading ?

Forex trading because it relates to individual retail investors and traders is that the speculation of the speed of a selected currency try. for instance, traders who assume that the speed of the EURUSD will go up may decide to buy, or go long, the EURUSD in the forex market. If a trader thinks the currency rate or price will go down they will sell, or go short, the actual currency try they are interested in. All forex trading...

Who is involved is Trading currencies ?

Daily turnover inside the world's currencies comes from 2 sources: Foreign trade (5%). companies get and sell product in foreign countries, and convert profits from foreign sales in to domestic cash. Speculation for profit (95%). Most traders target the foremost necessary, most liquid cash pairs. "The Majors" embrace US dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian dollar and Australian dollar. In fact, over...

What is Forex ?

"Forex" stands for foreign exchange; it is also referred to as FX. during a forex trade, you get one currency while simultaneously selling another - that's, you're exchanging the sold currency for the one you're shopping for. The foreign exchange market is an over-the-counter market. Currencies trade in pairs, just like the Euro-US dollar (EUR/USD) or US dollar / Japanese Yen (USD/JPY). in contrast to stocks or futures, there...

Friday, 26 August 2011