Currency News

Oil prices higher on economic outlook
Oil prices are finishing off a second week of gains Friday (February 4) as the latest round of jobs data is expected to offer hope that the US economy is improving. Analysts believe that non-farm payroll jobs increased by around 146,000 workers during January, according to a survey of economists. This has led to anticipation that the Labo
Oil prices are finishing off a second week of gains Friday (February 4) as the latest round of jobs data is expected to offer hope that the US economy is improving.
Analysts believe that non-farm payroll jobs increased by around 146,000 workers during January, according to a survey of economists. This has led to anticipation that the Labo
TRADERS TURN CAUTIOUS AHEAD OF ECB PRESS CONFERENCE
The euro has retraced back from its three months high of $1.3861 seen versus the dollar yesterday with sentiment undermined by events in Egypt as well as fresh reminders about Europe’s debt problems. Activity though was described as subdued overnight but should turn volatile as we approach the all importan Traders are also turning cauti
The euro has retraced back from its three months high of $1.3861 seen versus the dollar yesterday with sentiment undermined by events in Egypt as well as fresh reminders about Europe’s debt problems. Activity though was described as subdued overnight but should turn volatile as we approach the all importan
Traders are also turning cauti Read more ...
Euro remains strong as investors expect rate hike
The euro has been strong the last two weeks as currency traders were once again convinced that the European Union members have the capacity to support those nations struggling with overwhelming debt. Now, the euro appears primed for even more gains as Germany faces high inflation and the president of the European Central Bank, Jean-Claude Read more ...
The euro has been strong the last two weeks as currency traders were once again convinced that the European Union members have the capacity to support those nations struggling with overwhelming debt.
Now, the euro appears primed for even more gains as Germany faces high inflation and the president of the European Central Bank, Jean-Claude
Key US Data Today to Determine Dollar Direction
Today sees the release of US Q4 GDP, personal consumption and GDP figures in the US. These figures are key to traders looking for insight into how the US economy has performed on the open of this year. We can expect the market to react fiercely to the news if anything other than what is expected is released. We could potentially see anot Read more ...
Today sees the release of US Q4 GDP, personal consumption and GDP figures in the US. These figures are key to traders looking for insight into how the US economy has performed on the open of this year.
We can expect the market to react fiercely to the news if anything other than what is expected is released. We could potentially see anot powered by zFeeder

Currency Exchange

The Birth of the Foreign Currency Exchange

In 1971 when floating exchange rates began to materialize and the bretton woods agreement was abandoned, the foreign currency exchange market was born.

This advancement was welcomed with open arms by the International companies who had often noticed big profit changes both positive and negative simply based on the value of their native currency against the value of the currencies in the markets in which they traded their day to business activities.

These companies would see fluctuating exchange rates effect their profit and loss accounts, often with millions being made or lost simply on the value of one currency against another.

It was also these companies that were first to spot the huge money making opportunity currency fluctuations offered and these same companies were the first to leap on to the Forex trading bandwagon and attempt to increase their profit margins through brave yet profitable currency exchange decisions.