FXCM Research Team

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."

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

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…

As its name implies, a currency swap is the exchange of currencies between two parties.

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…

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.

Brazil's currency, the Real (BRL), was launched in 1994. It marked a return to the denomination of the country's original currency, also known as the real.

The global financial system is made up of a series of institutions and capital markets that has come to be known informally and collectively among investors as "the market." The market can be understood as the collective global arena for buying and selling financial and physical assets. The Ever-Moving Market While integrally linked to what economists call the "real economy," which represents the sale and purchase of physical goods and…

Austerity refers to actions taken by a government, to reduce its budget deficit using a combination of spending cuts or tax rises.

Support and resistance levels provide forex traders with a valuable tool they can use in their trading. By learning about these levels, investors can obtain a better understanding of what is going on in the markets. In their most basic sense, support levels denote prices that a currency will not likely fall below, while resistance levels indicate prices the currency will probably not exceed. By analysing these key levels, investors…