USD/INR trading at 69.70 against its opening at 69.62.
Asian shares steady after Easter weekend; oil hits 2019 highs.
Oil near 2019 highs after U.S. ends all Iran sanction exemptions.
Sensex opens 104 points higher with 17 components in the green
Saudi can raise oil output but will assess impact of Iran waivers ending.
U.S. to end all waivers on imports of Iranian oil, crude price jumps.
Russia, OPEC may ditch oil deal to fight for market share: Russian minister.
Weak first quarter seen for U.S. refiners, but brighter summer expected.
Japan's Aso to travel to U.S. on April 25 for meeting with Mnuchin: source.
EU gives May till 31st October for Brexit, seeking clarity.
Dollar broadly higher in thin post-holiday trade; euro, Aussie dip.
India to get extra oil from major producers to make up for Iran oil loss: minister.
Japan expects limited impact from U.S. move to scrap Iran oil sanctions waivers.
Gold steadies as strong equities counter support from U.S.-Iran jitters.
Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC' - sources.
Japan seen hiking sales tax to 10 percent in October, fourth-quarter GDP to contract.
MCX crude oil price rises 0.2 percent to 4,605 rupees per barrel from its last close of 4,593 rupees.
What is Forex?
The foreign exchange market is commonly known as the FOREX market. Today the FOREX market daily average is more than $4 trillion.
Why Investing in Forex?
There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation. FOREX is a unique opportunity to diversify investment portfolios.
Where does the Forex market operate?
The FOREX market is an action-based, decentralized international forum that allows major world currencies to seek their true value. The FX market is considered an Over The Counter (OTC) or 'interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures markets.
When Does the Forex Market Operate?
The FOREX market is a true 24-hour market, operating nearly 6 days a week. The trading begins each day in Wellington, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.
What Are the Majors?
For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the Majors." Today, more than 85% of all daily transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
What is the Pricing?
As with all financial products, FX quotes include a 'bid' and 'offer'. The 'bid' is the price at which a dealer is willing to buy (and clients can sell) the base currency for the counter currency. The 'ask' is the price at which dealers will sell (and clients can buy) the base currency for the counter currency.
What is the Leverage?
The FOREX market offers high leverage, up to 100:1. Since this level of leverage enhances both profit opportunity and potential risk, a very disciplined approach to trading is required.
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