The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world
USD/JPY – Yen Gains Ground as BoJ Cautiously Optimistic
The Japanese yen has posted gains in the Tuesday session. Currently, USD/JPY is trading at 110.33, down 0.46% on the day. On the release front, the Bank of Japan maintained interest rates at -0.10% at its policy meeting. Later in the day, Japan release…
U.S. Government Shutdown – What it Means and how it may Effect Markets
On Monday congress finally found common ground and signed in a funding bill – at least short term, this postpones the government shut-down for approximately 20 more days. This in fact the 4th short-term funding pushed through –…
The post U.S. Government Shutdown – What it Means and how it may Effect Markets appeared first on Forex.Info.
Cryptocurrency Daily Roundup
Here is a wrap up of the main cryptocurrency news from across the globe over the past few hours:
India Equates Cryptocurrencies To Ponzi Schemes In Warning
India’s finance ministry on Wednesday issued a warning against trading and transacting in crytpocurrencies such as Bitcoin, saying they do not have any intrinsic value and likened them to Ponzi schemes. The virtual currencies, or VCs, are not backed by…
Weekly Review: Copper, Ripple and Brent Big Winners as Dollar Disappoints
This week, as expected, markets experienced thin volumes as investors celebrated the Christmas holidays. Still, the markets saw major moves especially with the cryptocurrencies. On Monday, the major cryptos tried to recover from the major losses experienced last…
The post Weekly Review: Copper, Ripple and Brent Big Winners as Dollar Disappoints appeared first on Forex.Info.
What Can We Expect in 2018?
2017 has been a very successful year for investors and traders. Stock markets in most developed countries have had major double-digit growth. Investors in cryptocurrencies have seen their positions grow exponentially. Traders in commodities had mixed results with…
The post What Can We Expect in 2018? appeared first on Forex.Info.
What Currency Performs Best at the Start of the Year?
If you are wondering which currency, other than the U.S. dollar, to hold at the start of a new year, past trades show you’ll be better off with euros.Using data analytics platform Kensho, CNBC looked at the average return when holding sterling, e…
GBP/USD: Bullish Sentiment with the Next Target at 1.3485?
This year, the cable has struggled to recover from the losses it received following the Brexit vote in 2016. The chart has managed to move from a low of 1.1867 to the current price of 1.3463 with the…
The post GBP/USD: Bullish Sentiment with the Next Target at 1.3485? appeared first on Forex.Info.
Daily Technical Insight – WTI: Expect a Short-Term Pullback
On Tuesday, the price of WTI reached a 2-year high at $59.6 following reports of an explosion at the biggest oil terminal in Libya. Previously, WTI started a strong bullish rise since June this year when it bottomed…
The post Daily Technical Insight – WTI: Expect a Short-Term Pullback appeared first on Forex.Info.
In many aspects, 2017 has been a successful year around the world albeit with major challenges. In the United States, the economy has continued to surge under President Trump. The just released GDP numbers showed that the economy…
The post 2017 Review appeared first on Forex.Info.