The Foreign Exchange Market is also known as global market which is decentralized. It is also known as over the counter market for trading of money in to different currencies. Each country follows a certain currency such as $ (dollar) in the United States of America and Canada, Pound in United Kingdom, Euro in European countries, Rupees in India. Hence, in order to maintain the balance of trading, the market has come to be known as Forex market, also known as Foreign Exchange Market. The foreign Read more [...]
United States
The USD
The USD rallied against the EUR and JPY on Wednesday, but lost ground with the sterling pound. The Greenback was strengthened by positive economic reports from the United States. The household spending and incomes went up at a faster rate for the second time from the month of October. The United States government report also showed that consumers rather than businesses are behind economic growth. Another economic report released yesterday showed that hiring in the private sector continued Read more [...]
Twitter has become one of the darlings of the social media age. For reasons that many people find incomprehensible, many people cannot seem to resist receiving short little messages from complete strangers or friends, politicians, sports heroes or even movie stars. Although this trend actually started in the United States, it caught on all over the world and today Twitter has over half a billion users worldwide. Leveraging that popularity, they recently started selling shares to the public and the Read more [...]