• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Metsera: Pfizer and Metsera reached an amendment to their merger agreement, under which Pfizer will acquire Metsera for up to $86.25 per share.Nvidia CEO Jensen Huang: Demand for Blackwell chips is very strong.November 8th - We expect September GDP to contract by 0.1% month-on-month. While retail sales grew by 0.5% month-on-month, we see weakening momentum in other sectors of the service sector due to weaker survey data, including a drop in the services PMI to 50.8. Furthermore, we expect a contraction in the production sector following a strong performance in August. In particular, we anticipate that the Jaguar Land Rover production halt will drag down results, leading to a significant decline in monthly car production and impacting the broader supply chain. Our estimates suggest that third-quarter GDP will grow by 0.2% quarter-on-quarter, consistent with the Bank of Englands estimate.November 8th - According to the latest report from the World Platinum Investment Council, the global platinum market is entering a period of sustained shortage. From the supply side, global platinum supply is highly dependent on South Africa, and mine expansion cycles can take up to three years. Faced with strong market demand, the supply side is struggling to respond quickly, meaning that the industrys structural deficit will persist for years to come, further exacerbating the tight supply situation.A U.S. judge ruled that Trumps order for the National Guard to go to Portland, Oregon, was illegal.

How to understand a FOREX quote?

LEO

Oct 25, 2021 13:27

FOREX is quoted in currency pairs, such as GBP/USD or USD/JPY. 

Take GBP/USD for example: 

BUY   GBP/USD = 1.33722

SELL  GBP/USD = 1.33704

外汇报价1.jpg

The currency to the left of the slash ("/") is called the base currency (the pound in the example), and the currency to the right is the counter currency (the dollar in the example). 


When you buy, the FOREX rate will tell you how many units of the quoted currency you have to pay to buy a unit of the base currency. BUY GBP/USD as shown above GBP/USD =1.33722

Means that you have to pay $1.33722 for 1 GBP.


When you sell, the FOREX rate will tell you how many units of quote currency you would get when you to sell one unit of the base currency. SELL GBP/USD as shown above GBP/USD =1.33704 

When you sell 1 pound, you will exchange it for $1.33704.


If you believe the base currency will appreciate relative to the counter currency (the exchange rate rises), then you should buy it. Conversely, if you believe that the base currency will depreciate relative to the counter currency (the exchange rate drops), then you should sell it.