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April 3: U.S. short-term interest rate futures rose as traders put the probability of the Federal Reserve cutting interest rates for the fourth time this year at nearly 50%, compared with previous forecasts of only three cuts.April 3, market analyst Allison Morrow said that for Trump, who promised to lower consumer prices on the first day of the campaign, his first major economic move is a set of policies that are almost guaranteed to have the opposite effect. Tariffs will raise prices, curb economic growth, and make the United States more likely to fall into recession. Critics of tariffs are worried about the fundamental contradiction of Trumps plan. He believes that tariffs are an all-purpose economic tool that can restore Americas manufacturing strength, restore trade balance, and bring in a lot of money to help the United States repay its deficit and reduce the tax burden on Americans. Although tariffs can do some of these, it is impossible to achieve these goals at the same time.April 3, Dan Ives, head of global technology research at Wedbush, believes that the impact of the massive tariffs introduced by Trump on Wednesday on the market is worse than expected. "We characterize this series of tariffs as worse than the worst case scenario the market fears." He added that technology stocks will face "significant" pressure due to the impact of tariffs, and investors are anxious about demand destruction and supply chains. For Nvidia (NVDA.O) and other chip companies that have a significant relationship with the supply chain, the concern will be the impact on pricing and profit margins, and what this means for the future global supply chain. Apple (AAPL.O) is also worth paying attention to because most of the companys iPhone production is carried out in foreign countries.On April 3, Fitchs head of U.S. economic research said that the current U.S. tariff rate on all imported goods is about 22%, while it will be 2.5% in 2024.On April 3, US President Trump signed two executive orders on the so-called "reciprocal tariffs" at the White House on the 2nd, announcing that the United States would establish a 10% "minimum base tariff" for trading partners and impose higher tariffs on certain trading partners. Trump told the media in the White House Rose Garden that "reciprocal tariffs" are "not completely reciprocal" and that the United States will charge other countries and regions "about half of the tariffs we charge." "For countries and regions that are not good to us, we will calculate the total amount, including non-monetary barriers." Trump said. Trump also said that starting on the 3rd, the United States will impose a 25% tariff on all foreign-made imported cars. Surprisingly, Trump said that the auto tariff will also cover all imported computers, including laptops and desktops, with a tax rate of 4%.

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.