Post Tagged with: "pips"
GBP/JPY – Popular with Action Loving Traders
GBP/JPY is the king of crosses. There are many reasons why it’s popular. Looking at the Geppy again, it looks like the popularity comes from specific traders,but they aren’t always on the winning side. Looking over and over again at the social indicators at Currensee, I see the same picture over and over again: no
Forex Daily Analysis – June 23rd 2008
Starting a new week, we can see that the economic calendar is full with events. The Federal Reserve’s interest rate decision is the highlight of this week. It will happen on Wednesday, 18:15 GMT. The American interest rate is widely expected to be left untouched, but Ben Bernanke’s statement might shake the markets, which expect
Forex Daily Analysis – June 20th 2008
The British pound leaped 50 pips after the retail sales surged higher surprisingly. The market had expected a 0.1 drop, and was surprised to hear about a whooping 3.5 percent, the highest in 22 years. In Switzerland, the central bank met expectations by keeping the interest rate at 2.75%. The decision came despite inflation worries.
High liquidity and High volume
The daily volume in the Forex market is estimated at 3 trillion dollars! This inconceivable figure is slowly on the rise. This astonishing number (3,000 billion) is divided between deals intended for payments related to import and export, and investment deals. These investment deals (or speculation) are 95% of the flow in the market. This
Low Trading Costs in the Forex Market
The aforementioned high volume and liquidity brought to high competition between trade vendors. Intense competition lowered the spreads between selling and buying prices. These spreads, or margins, is the cost of the deals, and the profits of the trading agencies. The cost is one of the lowest in the international financial markets, compared to the