FXCM Research Team

The Indian rupee has a currency code of INR and is the 20th most traded currency worldwide with a daily traded volume of approximately US$53 billion.

Forex charts are an important tool to help traders analyze the movement of currency prices and determine the optimum moment to buy and sell currencies.

The Mexican Peso is symbolized by the "$" sign and has a currency code of MXN. There is currently US$3.1 trillion Mexican Pesos in circulation.

Pivot points are technical indicators that can prove helpful to investors, giving them one more tool for assessing the market.

South Africa's rand was launched with the establishment of the Republic of South Africa in February 1961 and is symbolized by R with a currency code of ZAR.

The Singapore dollar is symbolized by S$ and has a currency code of SGD. There is currently R$34.4 billion in circulation.

Pip is a forex trading acronym that stands for "Price interest Point."

An Oil-Rich History Russia is one of the world's largest major oil producers and has a long history of exploiting the commodity. Collection of seep oil in what is now Russian territory was reported as early 1264 by European explorer Marco Polo in the vicinity of the city of Baku in the Caucasus region when it was under the dominion of Persia. The earliest drilling for oil in Russia was…

A carry trade is a technique allowing a trader to borrow a currency at a low interest rate to finance the purchase of another currency earning a higher rate.

To understand how much can be made on a given trade, a trader needs to calculate how much a pip will be worth for a given currency pair. Calculating the final value that a change in pips will be worth depends on the size of currency lots being traded. Currencies are customarily traded in standard lots, mini lots and micro lots. Standard lots are the largest trading blocs, measured in…

Recession and recovery - What is a recession? And how do we know when a country is in recession?