Forex Quotes Update - A Powerful Research Tool
In this section, you will see the latest exchange rates for major currencies. You can also find which currency pairs have the biggest move in pips, and compare each pair to see how they fluctuate in different time frames.
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| PAIR | Last | FLUCTUATION (+/- Pips) | |||
|---|---|---|---|---|---|
| 4 Hour | Day | Week | Month | ||
| AUDCAD | 0.9030 | -1 | 0 | -17 | 111 |
| AUDCHF | 0.5981 | -1 | 6 | -2 | 29 |
| AUDJPY | 102.49 | 0 | 15 | 138 | 34 |
| AUDNZD | 1.0968 | -4 | 6 | -33 | -33 |
| AUDUSD | 0.6576 | -1 | -4 | -35 | 103 |
| CADCHF | 0.6623 | 0 | 6 | 10 | -50 |
| CADJPY | 113.50 | 2 | 22 | 175 | -103 |
| CHFJPY | 171.37 | 3 | 25 | 235 | -16 |
| EURAUD | 1.6314 | 1 | -21 | 31 | -165 |
| EURCAD | 1.4731 | 0 | -19 | -1 | 35 |
| EURCHF | 0.9757 | 0 | -3 | 17 | -50 |
| EURGBP | 0.8601 | 0 | 1 | 23 | 62 |
| EURJPY | 167.20 | 2 | 3 | 257 | -102 |
| EURNZD | 1.7893 | -4 | -14 | -17 | -232 |
| EURUSD | 1.0728 | 0 | -20 | -35 | 62 |
| GBPAUD | 1.8967 | 2 | -26 | -13 | -332 |
| GBPCAD | 1.7128 | -1 | -24 | -45 | -84 |
| GBPCHF | 1.1344 | -1 | -5 | -11 | -143 |
| GBPJPY | 194.39 | 4 | 6 | 249 | -271 |
| GBPNZD | 2.0804 | -6 | -18 | -78 | -422 |
| GBPUSD | 1.2473 | 0 | -24 | -74 | -19 |
| NZDCAD | 0.8233 | 2 | -5 | 9 | 124 |
| NZDCHF | 0.5453 | 1 | 3 | 14 | 41 |
| NZDJPY | 93.44 | 4 | 16 | 153 | 67 |
| NZDUSD | 0.5996 | 1 | -7 | -14 | 110 |
| USDCAD | 1.3732 | 0 | 9 | 46 | -46 |
| USDCHF | 0.9095 | 0 | 15 | 45 | -101 |
| USDJPY | 155.85 | 3 | 39 | 290 | -194 |
How do different currencies correlate to each other?
Currencies can have both positive and negative correlations with each other. Positive correlation means they tend to move in the same direction, while negative correlation means they move in opposite directions.
Continue Reading at Lost Before Trading: Three Reasons Why Novice Accounts Collapsed
Can traders profit from both high and low-volatile currency pairs?
Yes, traders can profit from high and low-volatile currency pairs using different trading strategies. High-volatile pairs are suitable for short-term traders and those with an aggressive approach, while traders may prefer low-volatile pairs with a more conservative strategy. The key is to adapt your trading approach to match the market conditions and your trading style.
Continue Reading at What is High Volatility and How to Profit from It?
What is the correlation between USD/SGD and other currency pairs?
Traders who are interested in trading USD/SGD should not only look at the pair's correlations but also at each currency's connections with other pairs as well. For example, major pairs such as EUR/USD, GBP/USD, and AUD/USD are all positively correlated, therefore any change in those pairs might affect the USD. Meanwhile, SGD is positively correlated with CNY. Any change in the Chinese Yuan market tends to be mirrored by SGD.
Continue Reading at USD/SGD Trading: Why and How to Profit from It
How to do forex hedging with different currency pairs?
Consider hedging between currency pairs famous for being negatively correlated, like the GBP/USD and USD/CHF, or between pairs famous for having a highly positive correlation, such as GBP/USD and EUR/USD. Remember that if you hedge in positively correlated pairs, you should open two different positions (long and short). But if you hedge using negatively correlated pairs, you should open two positions in the same direction (long and long or short and short).
For example, USD/JPY and AUD/USD have a -86.6 correlation; that means you can hedge the USD/JPY position by using AUD/USD or vice versa. In the USD/JPY case before, instead of opening another position on the same pair when USD/JPY goes up, you could opt to hedge with AUD/USD.
Continue Reading at Introduction to Forex Hedging Strategy