All Entries Tagged With: "Currency"
Forex Currencies Update: AUD, Euro and JPY
The recent forex market frenzy of Euro selling has slowed down somewhat amidst the G7 talks on Greece making a somewhat hesitant recovery against the U.S. dollar to a EUR/USD rate of 1.3693. The Aussie on the other hand has made a quick recover on the back of a major Australian coal deal and has [...]
Forex News: Unemployment, the Euro and Oil
Oil prices fell here on Friday the 5th of February as concerns regarding the Euro and its future and also rising inventories in most developed countries has caused a 5% fall in the price of U.S. crude. Other than rising concerns in the forex trading market about the Euro, further downward pressure acted on the [...]
Forex Currency Rates: Aussie takes a fall
Over the past fiscal year, the foreign exchange rate for the Aussie (Australian Dollar) have been steadily rising due to multiple reasons but the RBA (Reserve Bank of Australia) on February the 2nd announced that it would not be raising interest rates again. Forex currency trading for the Aussie which was high partially on expectations [...]
What is Forex and how it works?
Forex is the short form of foreign exchange, of itself forex simply means either foreign currencies or the system of changing various currencies are traded, but far more relevant to us forex is the life and fodder of currency trading. So what is forex trading and how does it work, what use does forex have [...]