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Futures news on April 2: 1. The trading volume of WTI crude oil futures was 958,249 lots, a decrease of 3,523 lots from the previous trading day. The open interest was 1,836,896 lots, a decrease of 2,747 lots from the previous trading day. 2. The trading volume of Brent crude oil futures was 183,942 lots, an increase of 28,118 lots from the previous trading day. The open interest was 188,972 lots, an increase of 199 lots from the previous trading day. 3. The trading volume of natural gas futures was 413,837 lots, a decrease of 48,458 lots from the previous trading day. The open interest was 1,636,177 lots, an increase of 11,561 lots from the previous trading day.Futures April 2, Economies.com analysts latest view today: Brent crude oil futures prices fell as it tried to release the overbought saturation in the stochastic indicator and a negative signal appeared. At the same time, prices are accumulating positive momentum, ready to rebound and rise again. In the short term, the upward correction trend dominates, and prices are trading along the trend line.Futures News, April 2, Economies.com analysts latest views today: US WTI crude oil futures prices fell slightly due to profit-taking, while trying to accumulate positive momentum to rebound again. In the short term, the upward correction trend dominates, and the stochastic indicator has reached an oversold level, suggesting a positive divergence, which will strengthen the upward momentum.Futures April 2, Economies.com analysts latest views today: Spot gold prices have rebounded. In the short term, the upward trend is dominant as prices trade along the minor trend line and receive positive support as prices trade above the 50-period simple moving average. At the same time, the stochastic indicator sends a positive signal after reaching the oversold level, pushing prices upward.Russian air defense forces destroyed 93 Ukrainian drones overnight, according to Russian media reports.

How to Read Foreign Exchange Rates?

Aria Thomas

Mar 24, 2022 09:18

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When you don't understand the concepts and figures used in foreign exchange rates, it might be difficult to read them. What is a currency pair? What is the difference between the bid and ask price? These are some of the questions that can only be answered if you understand how to interpret foreign currency rates correctly.


Learning the language of forex is essential if you want to be a good trader. When you thoroughly grasp the ideas around foreign exchange, it is simpler to plan, experiment, and make an educated conclusion.


Continue reading to learn the most crucial words that will assist you in decoding charts when you check forex live rates at your most trusted forex website.

Currency Pair

Currencies are priced in pairs because you must sell one currency in order to purchase another, or vice versa. As a result, a currency pair compares the value of one currency to that of another and displays how much of the quoted currency is required to purchase one unit of the base currency.


The currency on the left (EUR) is the base currency, while the currency on the right (USD) is the quoted currency. The base currency is always set at one unit, whereas the quoted currency represents the equivalency of one base unit when swapped into the other currency.


Using the example quotation above, you will need to sell US$1.1339 in order to purchase €1.00. When you sell your US$1.1339, you will get €1.00.

Indirect vs. Direct Currency Quote

A currency quotation might be direct or indirect. The quoted currency in a direct currency quotation is the native currency. In this case, the home currency fluctuates while the foreign currency stays constant at one unit. The home currency is fixed at one unit in an indirect currency quotation, but the foreign currency is considered as a variable.

Cross Currency

Some currency quotations do not include a US dollar in the pair. This is known as a cross currency, and it enables one foreign currency to be swapped for another without having to convert the currency into US dollars.


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Cross currency pairings provide extra trading opportunities, but the downside is that these combinations are not as popular as those involving the US dollar.

Bid and Ask

When you first start trading currencies, it's critical to understand which prices you should pay attention to. There are two notions to consider here: the bid price and the ask price. Simply explained, the bid is the purchase price and the ask is the sell price.


If you wish to purchase a currency, you must first look at the Ask price. This tells you how much of the quoted currency you'll need to spend to purchase one unit of the pair's base currency. The bid price, on the other hand, is the price you see when selling units of the base currency. It tells you how much the market will pay for the stated currency in the pair.


The more you know about forex, the better you will be able to trade. Have a persistent appetite for new forex information in order to broaden your trading skill set, such as interpreting forex live rates. You can obtain a vast quantity of information and data from numerous forex websites and blogs, which may help you increase your knowledge of forex. Remember, a good trader never stops learning.