Forex market

The US dollar had a mixed day in Asia today, with market sentiments affected by developments in the corporate sector. The day for the dollar almost ended where it started. While at the start of the day, the US dollar lost against almost all major currencies in Asia, it got support after the euro...

Technical Analysis tools help traders analyze, identify and understand market conditions and behavioral patterns, and predict price movements. A trader, depending upon his predetermined duration in the forex market, should decide upon which type of chart(s) to use. For example, a short-term trader...

The US dollar consolidated its early gains in the Asian markets today and remained close to the morning highs against the euro, as the market calmed before a holiday weekend in the US. While the dollar-yen also slipped briefly to ¥90.92, it recovered soon with the reemergence of demand for the...

As the day has advanced, the Yen has given back some of its earlier gains with the USDYEN now posting 92.20 after falling as low as 91.86 whilst the EURYEN has bounced back 55 pips to its present 132.25. Whether these developments are just retracements or full blown reversals still remains to be...

Here are the remaining five ways in which a real time trader can remain focused: Self Accountability: You should always remember that only you are responsible for the profits earned/losses incurred in the forex market. Profitable positions are always available in the market and so, market...

The US dollar edged up versus the Japanese Yen in Asian trading today, after Philadelphia Federal Reserve Bank President Charles Plosser stressed that the Fed may not wait till employment reaches an “acceptable” level before raising the key interest rates. These comments raised hopes of hedge fund...

Here are the first five ways in which a real time trader can remain focused: A probability game: Every trader must understand that winning or losing in the forex market depends upon probabilities. Therefore, s/he needs to understand that all a trading system can provide is the knowledge of trading...

Currency pairs are distinguished on the basis of their trading features and behavior. The behavior and characteristics of the USD/JPY (US Dollar/Japanese Yen) pair: Due to the presence of a currency of an Asian country (Japan), this currency pair is the most active trading vehicle in the Asian time...

Currency pairs are distinguished on the basis of their trading features and behavior. The behavior and characteristics of the GBP/USD (Great Britain Pound/US Dollar) pair: It is also known as the Cable and is more volatile than the Euro and the Swissy, with its daily trade clocking up to 130 Pips...

Currency pairs are distinguished on the basis of their trading features and behavior. The behavior and characteristics of the USD/CHF (US Dollar/Swiss Franc) pair: Also known as the Swissy, the CHF is sometimes volatile, since it has the lowest liquidity of the four Majors. This means that the CHF...

Currency pairs are distinguished on the basis of their trading features and behavior. The behavior and characteristics of the EUR/USD (Euro/US Dollar) pair: The Euro is considered anti-USD since any decline in the latter leads to an increase in the value of the former and vicé versa. Any good...