USD/JPY is a widely traded currency pair in the trillion-dollar forex market, loved by veteran traders and beginners. The pair is made up of two different currencies representing some of the biggest economies in the world. The first listed currency in the USD/JPY pair is USD or U.S. dollar, commonly referred to as the greenback and representing the U.S. economy. The second … [Read more...] about What Moves Currency Pairs: Understanding the USD/JPY
What Moves Currency Pairs: Understanding the GBP/USD
GBP/USD Introduction The GBP/USD currency pair is as old as the forex market itself. For a long time, the pair has offered profit opportunities for millions of traders all over the world, especially in the US and the UK. The pair remains a popular choice for traders worldwide second only to the EUR/USD. Before the advent of sophisticated telecommunications … [Read more...] about What Moves Currency Pairs: Understanding the GBP/USD
What Moves Currency Pairs: Understanding the EUR/USD
Introduction Statistics show that the forex market has the most significant liquidity of all financial markets. According to the 2019 Triennial Central Bank Survey by BIS, the forex market moved a daily average of $6.6 trillion in trades in April. Now, imagine that the EUR/USD pair dominates close to half of this liquidity. Crazy, huh? The United States Dollar (USD) is … [Read more...] about What Moves Currency Pairs: Understanding the EUR/USD
What Moves Currency Pairs: Understanding the AUD/USD
Understanding the AUD/USD Pair Why AUD is a commodity currency A commodity currency is that whose value rises and falls in tandem with demand for specific commodities. Another way of looking at this is that the domestic economy of a commodity currency heavily depends on the export of commodities. As the demand for specific commodities increases, more buyers acquire the … [Read more...] about What Moves Currency Pairs: Understanding the AUD/USD
Guide To Using Support and Resistance Levels in Algorithmic Trading
No market exists that exceeds the foreign exchange (forex) market in terms of market activity and liquidity. In its annual reports on forex, the Bank of International Settlements (BIS) has always noted values above about $5 trillion as average daily transactions. The reason for this significant amount of activity in forex is that many investors have learned how to automate … [Read more...] about Guide To Using Support and Resistance Levels in Algorithmic Trading
