Currency Pairs

NZD/USD Introduction A forex trader is, essentially, one whose understanding of the forex market is above par. It includes good knowledge of individual currencies that make up currency pairs. Such information is critical when creating winning forex trading strategies. From the foregoing, the New Zealand dollar (NZD) is a significant currency – which is to say it one among … [Read more...] about What Moves Currency Pairs: Understanding the NZD/USD?

Introduction In the foreign exchange market, categories of currency pairs exist where categorization is based on demand and liquidity of the pair. Majors include all pairs associated with the US Dollar. Because close to 90% of the forex transactions involve the greenback, all associated currency pairs are massively liquid and in high demand.   Contrariwise, … [Read more...] about What Moves Currency Pairs: Understanding the USD/INR

Introduction Switzerland falls in the band of the richest countries globally, with a GDP of $705.14 billion in 2018. Besides, the country has one of the most skilled labor forces in the world. Switzerland lies in the Eurozone but does not belong to the European Union. As a result, the country enjoys the status of an oasis of stability in periods of turmoil in the … [Read more...] about What Moves Currency Pairs: Understanding the EUR/CHF

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 … [Read more...] about What Moves Currency Pairs: Understanding the USD/JPY

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