Just another WordPress site
Fitch ratings agency downgraded debt-crippled Greece deeper into junk territory on Thursday, warning of a “probable” Greek exit from the euro currency union if new national elections next month …
Fears that Greece will need to leave the single currency union is pushing the dollar to a four-month high against the euro.Greece will be holding another round of elections on June 17, after politicians …
British Pound Searches For Support
Canadian Dollar Breakout To Gather Pace
Since the dovish BoE inflation report and Mervyn King press conference, the sterling has been weak, and the GBP/USD has been sliding sharply. After a brief pause at 1.59, the market fell sharply to 1.58 and is now testing an area of support cluster from 1.5770 to the 1.58 handle.
Fears surrounding the stability of the 17-country eurozone — particularly the state of Spain’s financial system and whether Greece might be forced out of the single currency union — pushed global markets …
Forex.ch brings you the latest Forex Market information as well as Forex training material.
The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover larger than the combined volume of all U.S. equity markets.
"Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
Forex is a true 24-hour market, open continuously from 5:00pm ET on Sunday to 5:00 pm on Friday. With three distinct trading sessions in the US, Europe and Asia, you can trade on your own schedule and respond to breaking news.
Leverage allows you to increase your total return on investment with less cash outlay. However, increasing leverage increases risk.
The sheer volume of Forex facilitates price stability in most market conditions. 85% of all forex transactions involve the 7 major currency pairs.
© 2012 Forex.ch - All rights reserved