Forex is an over-the-counter (OTC) marketplace where the currencies of the world are traded. In contrast to other prominent financial centers, forex facilitates trade without a centralized exchange, implementing an exclusively digital platform. Limited barriers of entry, ease of transaction and high market liquidity are its calling cards. Easily the world's largest market, the average daily traded volume in forex dominates all other global marketplaces. For April 2016, daily volume measured more than US$5 trillion in value, according to BIS. Of that amount, trade of major global currencies such as the United States dollar (USD), euro (EUR), Japanese yen (JPY)…
The pair starts the week on a good footing, despite the lower growth forecast by the EU Commission and UK the Northern Ireland Protocol changes eyed by the UK
The pair started the day with upbeat mood, trying to rebound form its two year lows, but faces headwinds as the European session gets underway
The pair drops today and looks like it will pause its eye-catching nine-week profitable streak, as the US Dollar faces headwinds
The pair trades with caution after yesterday’s volatility sparked by the US CPI release, amidst hawkish commentary from ECB President Ms Lagarde
The rise of the digital marketplace has placed an added emphasis on technical proficiency. Now, shares, CFDs, futures and forex traders are well-advised to be equipped to navigate an increasingly dynamic landscape. Due to advances in information systems technologies, skills such as being able to use a software trading platform and troubleshoot internet connectivity issues in real-time are necessities. Additionally, being able to test trade ideas for application to the…
Markets seem to tread water amidst lack of catalysts and ahead of the release of the US consumer price index (CPI) tomorrow, with the pair finding support today
FXCM's USDOLLAR basket is pulling back to a key level, characterised by a triple confluence of support. This overlap may present too good an opportunity for greenback bulls to ignore.
The pair comes from an impressive nine-week profitable streak and starts the new one in the offensive, clinching new twenty year highs
The pair tries to catch a breath, following its worst day in two years, due to the Bank of England gloomy economic outlook
The pair moved higher on Wednesday after the Fed’s well-telegraphed rate hike, but faces pressure today, as markets turn their attention to Friday’s employment report form the US
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