We are all aware that there is a NASDAQ, an American Stock exchange for trading stocks and equities .It is due to NASDAQ that the traders come to know of the prices of various stocks to be traded electronically.
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There are several people who are taking up forex trading. It has become a new investment vehicle. Entry into the trade does not have any stringent barriers.
It is very important to have an insight of all the happenings around the world and your industry in particular that has a bearing on the forex. There are various kinds of news that affect the forex market.
Understanding forex quotes can be quite challenging and it may take some time while you can master the implications of these quotes.
The UK currency edged down against the kiwi in trading yesterday, losing just 0.1%, as weak global equities offset a poor report on the UK’s credit rating.
The pound continued to lose ground to the aussie dollar yesterday, dipping back below 1.80 as Fitch rating agency commented on the fragility of the UK’s AAA credit rating.
The dollar stabilised after heavy selling on Monday as weak data from the eurozone put pressure on the single currency, with the pair closing slightly down at 1.4991.
The pound dropped for the first time in six days against the greenback, though its losses were minimized with dollar selling remaining the overall market trend.
Sterling slid over three cents, or 1.5%, against the kiwi yesterday with improved risk appetite favouring higher-yielding currencies.
The pound fell half a cent against the aussie yesterday, as improved investor sentiment buoyed riskier currencies.
The single currency rose sharply against the dollar yesterday, gaining over one and a half cents in the wake of positive German data to close marginally below 1.50.
Sterling traded strongly against a broadly weaker dollar, achieving a three-month high of 1.6842 as investors were given a green light to sell the greenback.
The pound reached a near two-month high in early trading yesterday, but the euro eroded losses following positive data, with the pair closing marginally down at 1.1171.
Sterling edged higher against the kiwi in trading yesterday, supported by solid data from the services sector to close the day up at 2.2834.
Trading between this pair was relatively subdued yesterday with the aussie dollar creeping ahead by the close of play, helped by a jump in the price of gold.
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