The Indian Rupee Falling Against the US Dollar at the start of the early European trading session on Thursday. Higher USD, low sentiment on local equities, and steady capital flight are other factors that are pushing the factor. Company investors are eagerly waiting for comments from the US Federal for a new direction. God help INR,…
Of course, one of the most dynamic marketplaces affected by so many factors is the foreign exchange market through government and central banks’ economic policies worldwide. Thus, a Forex trader needs to understand what’s causing currency fluctuations right now and see how they would affect changes in currency values. It shall outline different global economic…
Market depth is deemed one of those significant components defining forex trading activity, particularly within an accelerating environment at the speed of light. One of the greatest assets a trader has at their disposal is market depth, which is an exemplary way in which something is used to extrapolate information about issues such as supply,…
Introduction Day trading in Forex Market deals with buying and selling currency on the Forex market within a day. It is faster and more attractive than regular investing, where one holds assets for an extended period. Day traders aim to take advantage of asset price changes within the day; hence, many trades a day are…
Introduction The foreign exchange market is the most active trade other than any financial market, with more than six trillion dollars in daily trading volume. However, traders need to understand the market’s structure as it relates to how currencies are exchanged and Structure of Forex Market , among other things. The article will focus on…
Mexican peso falls significantly Political unrest associated with the newly passed judicial reform on Friday caused the Mexican peso to weaken against the US dollar. Investors are still apprehensive about the reforms, which could impact Mexico’s creditworthiness and jeopardize the rule of law. The USD/MXN is up 0.96% at 19.98. The Mexican currency is typically…
Due to a high degree of geopolitical risk, gold (XAU/USD) is still supported by safe-haven flows. Gold News Forecast, traded in the $2,720s on Friday, staying trapped in this week’s small range. Investors are gravitating toward safe-play commodities like gold due to the prolonged Middle East turmoil and growing uncertainty about the outcome of the…
Introduction Forex trading is commonly known as foreign exchange trading, which entails trading operations to purchase and sell currencies to achieve profits from the price change. Leverage is considered one of the most fantastic attractions of forex trading and hence calculating leverage in forex trading is very important. Margin trading enables the trader to trade…
What does Cross Currency Pair Mean? In Forex trading, Cross Currency Pairs are essential because they enable the trader to work with different currencies simultaneously without converting with USD. It is necessary for those seeking to add to their trading experiences and focus on aspects other than the usually traded currency pairs. As a result,…
If you are buying currencies in the FX market, you must also learn about Forex quotations. Quotes are also the basis of the Forex market, and the goods received by traders include information necessary for the market’s work. In this article from Forex Turtle, I will explain how to read Forex quotes work, what they…
