Tag: forex trading
Indian Rupee Fell to the Lowest Level Against the Dollar
The Indian rupee dropped 75 paise to 74.16 against the U.S. dollar on Wednesday. The rupee fell to the lowest point since November 20,...
Dollar Posted its Best Quarter Against Major Currencies
One of the world’s major currencies was largely steady on April 5, as investors analyzed last week’s strong U.S. employment report as well as...
Australian Dollar, American Counterpart, and Good Friday
The Australian dollar is struggling to strengthen its position against its American counterpart, as it alternates gains with losses vs. the U.S. dollar. As...
Euro is on Track for its Worth Month in a Long...
The U.S. dollar strengthened its position as a cautious market pushed investors to safety while the U.S. economic strength, as well as a rapid...
U.S. Dollar Benefited from Vaccines and U.S. Economic Data
The U.S. dollar is the most recognizable currency in the world, and this fact once more highlights its importance. Interestingly, the dollar traded near...
Pound Failed to Gain Ground Against the U.S. Dollar
The British pound is one of the most recognizable currencies in the world. Interestingly, the pound continues to lose ground against the U.S. dollar....
Turkish Lira fell by 14% after Central bank governor sacked
Recep Tayyip Erdogan remains in power for a long period of time. Recently, the country’s currency declined as much as 14% after President Erdogan...
Treasury Yields and Stock Markets Helped to Boost Dollar
The world’s reserve currency held firmer on March 19, as it benefited from higher Treasury yields as well as dropping stock markets, as investors...
Pound Reached its Highest Point Against the Euro
It is a good day for the pound, as it rose to a 13-month high against the euro on March 18, shrugging off COVID-19...
Bitcoin Broke a Record and Dollar Traded Below 10-day High
Let’s start with great news. Bitcoin reached another all-time high on Friday, as the largest cryptocurrency has the chance to become a trillion-dollar asset....
U.S. Dollar Strengthened its Position Against Swiss Franc
Interestingly, after a strong decline, the U.S. Dollar found support near 0.8870 against the Swiss Franc. It is worth noting that USD/CHF exceeded the...
Trading Accounts: Meaning and Types of Trading Accounts
As the name implies, Forex (foreign exchange) relies on buying and selling currencies from all over the world, making it one of the most...
The U.S. dollar saw its best weekly gain in three months
The U.S. dollar witnessed its best weekly gain in three months on February 4. The American currency was lifter by rising confidence that the...
The dollar boosted against the euro and yen; the Aussie rose
The U.S. Dollar increased to its largest in two-months versus the euro and yen as data pointed to an improvement in the U.S. economic...
Risk Management and its Significance for Traders
Risk management is part of everyday life. For example, people are constantly managing risks on a regular basis when it comes to driving a...