It is a well known fact that being a successful trader consists of the abilities to stay calm and plan ahead. While managing the emotions comes somewhat naturally, the advanced planning and organization require technical skills. Usually the systematization of the market data is processed through analysis. There are two main types: fundamental and technical analysis. Both of them are largely used in the currency trading, sometimes separately and sometimes combined. It wouldn’t be fair to name either type the best Forex analysis method, as they...
Currency conversion is the ratio between the two currencies used in the foreign exchange markets, which indicates how much one currency needs to be exchanged for the equivalent value of another currency. Conversion rates change regularly for all currencies traded in the foreign exchange markets.
On Saturday, September 14th 2019, at 0331 and 0342 local time, two loud explosions rocked the Kurais oil filed and the Abqaiq processing facility. Saudi Aramco, the kingdom’s crown jewel who is currently preparing an initial public offering in order to raise capital for Saudi Arabia to diversify its economy away from oil, owns both facilities. The fires took hours to extinguish and the explosions left both oil facilities with heavy damage which took 5.7 million barrels of supply off the market. This is more than 50% of Saudi Arabia’s current...
The European Central Bank (ECB) under President Mario Draghi has announced a massive new stimulus program in order to assist the ailing Eurozone economy. Besides cutting the deposit facility rate by 10 basis points to -0.50%, a fresh round of quantitative easing (QE) was announced. Starting November 1st 2019, the ECB will restart its bond buying program at a pace of €20 billion per month. The QE program is open-ended and will remain in place until inflation reaches the ECB target which currently stands at 2.0%. The Euro initially sold off, but...
International exchange rates show how much one unit of currency can be exchanged per unit of another currency. Currency exchange rates can be floating, in which case they are constantly changing based on many factors, or they can be tied (or fixed) to another currency, in which case they also float, but they move in tandem with that currency, to which they are attached.
