The Forex market remains open 24/7, and there are such a huge number of financial instruments and currencies you can trade in that it can feel quite overwhelming for a beginner. There is no ‘one suits all’ approach when it comes to trading in pairs, and you need to assess each pair based on your trading strategy in order to decide on its efficiency. For example, the EUR/USD … [Read more...] about Choosing a Currency Pair Based on Your Forex Trading Strategy
Forex majors refer to currency pairs of the developed countries that have the US dollar as the base or counter-currency. In 2020, the main underlying concern of most currency majors was about the weaker US dollar. The dollar rose in the first three months of the year as the Covid-19 pandemic started to spread internationally. For the rest of the year, the currency declined … [Read more...] about 2021 Outlook for the Best-Performing Forex Majors in 2020
The Hong Kong dollar is one of the most traded currencies in the world and has its value pegged to the US dollar. In this article, we take a look at the factors that influence the exchange rate of the HKD/USD currency pair and the role of the Hong Kong Monetary Authority in keeping it pegged to the USD. HKD/USD and HKMA (Hong Kong Monetary Authority) The Hong Kong … [Read more...] about What moves HKD USD and Hong Kong Monetary Policy
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