| |
![]() | |
Currency Trading Information Channel |
|
![]() |
|
|
![]() |
The Major Players in the Foreign Currency Exchange Market - FOREXSince the US dollar is the centerpiece of the market, it is normally considered the 'base' currency for quotes. In the "Majors", this includes USD/JPY, USD/CHF and USD/CAD. For these currencies and many others, quotes are expressed as a unit of $1 USD per the second currency quoted in the pair. For example, a quote of USD/JPY 123.50 means that one U.S. dollar is equal to 123.50 Japanese yen. When the U.S. dollar is the base unit and a currency quote goes up, it means the dollar has appreciated in value and the other currency has weakened. If the USD/JPY quote listed above were to increase to 124.01, that would mean that the dollar is stronger because it will now buy more yen than before. Some exceptions to this rule are the British pound (GBP), the Australian dollar (AUD) and the Euro (EUR). In these cases, you might see a quote such as GBP/USD 1.4366, which means that one British pound equals 1.4366 U.S. dollars. In these three currency pairs, where the U.S. dollar is not the base rate, a rising quote means a weakening dollar, as it now takes more U.S. dollars to equal one pound, euro or Australian dollar. So if a currency quote goes higher, that increases the value of the base currency. A lower quote means the base currency is weakening. Currency pairs that do not involve the U.S. dollar are called cross currencies, but the premise is the same. For example, a quote of EUR/JPY 127.95 signifies that one Euro is equal to 127.95 Japanese yen. Chuck Cox is a Technical Writer and Industrial Scientist by professional with a background in statistics. He has used mathematical and statistical methods to invest and trade in the stock, futures, and options markets. Chuck has owned various businesses and presently operates several websites. To investigate a new business idea, visit his website, http://www.earncashathometoday.com/trading-FOREX.htm
FX Daily: Trading the 50-50 risk ING Think Can You Game The Currency Exchange? FiveThirtyEight Iraqis banned from dealing in US dollars The National How to Trade Forex Investopedia Tips To Kickstart Your Profit Incomes In Forex Startup.info Forex Trading; What Is It? KSHB 41 Kansas City News 15 Most Powerful Currencies in the World Yahoo Finance Weekly Forex Forecast – NASDAQ 100 Index, USD/JPY, GBP/USD DailyForex.com EUR/USD Technical Analysis: Bearish Performance DailyForex.com USD/JPY Forecast: Continues to See Buyers Against Yen DailyForex.com Harnessing AI for Profitable Forex Market Insights Analytics Insight SLU-Madrid Faculty's Dedication to Academic Excellence Shows ... Saint Louis University USD/ZAR: Swift Price Action Creating More Speculative Drama DailyForex.com Rupee Ended Higher On Back Of Increased Bets For Rate Pause By ... Investing.com India What Is An Order Block in Forex Trading? Capital.com Hong Kong poised to drive yuan internationalisation, tech innovation: HKEX South China Morning Post The EU Outlook on Currency Correlations in Forex Trading The Portugal News Pandemic, Profits, and Potential: Analysis of the Polish and CEE Retail Trading Boom Finance Magnates USD/MXN: Battle near Lows as Long-Term Considerations Brew DailyForex.com Police warn against illegal forex trading platforms http://en.vietnamplus.vn/ OPEC cuts: Brent seen at $95 despite cautious market reaction - UBS Investing.com India BRICS foreign ministers call for more local currency trade, ‘appreciate’ Ukraine peace plans ThePrint Market Poised to Break Out of 18300-18600 Range, Valuation ... Investing.com India Musk's brain implant firm Neuralink valued at around $5 billion ... Investing.com India Small-Cap Polyester Stock Soars 19%, Rises for 3rd Day in a Row Investing.com India MOEX’s Spot FX Sees Modest Uptick as Global Volumes Rebound in May Finance Magnates Asos shares surge on reports of takeover bid from Alibaba-backed ... Investing.com India Here's Why Tata Motors Hit 52-Week High, Bull Streak Extends to ... Investing.com India Pound To New Zealand Dollar Rate Outlook: GBP Firms Against NZD As BoE Buoy Sterling Exchange Rates UK Tata Power to Turn 200% Ex-Dividend on Wednesday, Payment ... Investing.com India Daily FX 31.05.23: Month-End Trading Key To Pound Vs Euro, Dollar Exchange Rates UK Is Forex Trading Hard? Yahoo Finance 8 of the best forex trading strategies FOREX.com Forex Trading Strategies and Their Pros and Cons Yahoo Finance The Role of Inflation in Forex Trading Yahoo Finance What's better to invest in: stock, crypto, or forex market? https ://www.ig.com What is a long call option strategy and how can you use it? https ://www.ig.com India Pushes Trade in Local Currency Voice of America - VOA News How to day trade forex markets https ://www.ig.com Who Controls The Forex Market DailyForex.com CEO Of Cryptocurrency And Forex Trading Platform Pleads Guilty To ... Department of Justice Forex volume trading FOREX.com India's 5G sales hit 50% market for 1st time: Report Investing.com India What Are the 4 Types of Forex Traders? Which One Are You? DailyForex.com It's Boom Time in the Currency Market Legacy Research Group The US Dollar's Impact On Forex Trading ValueWalk Federal Court Orders Texas Fraudulent Forex Trader and His ... Commodity Futures Trading Commission What are support and resistance levels in forex trading? https ://www.ig.com How To Start A Forex Trading Company At Home Business Review Is Forex Trading Legal? Public Finance International What Are The Benefits of Forex Trading Public Finance International Understanding the growth of Forex Trading Daily Maverick
|