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 | 0.8872 | 8 | 2 | -5 | 57 |
AUDCHF | 0.5820 | 5 | 1 | 29 | 77 |
AUDJPY | 97.75 | 10 | 0 | 7 | 39 |
AUDNZD | 1.0784 | 4 | 8 | 8 | 113 |
AUDUSD | 0.6551 | 7 | -2 | -2 | 61 |
CADCHF | 0.6560 | 0 | 1 | 36 | 45 |
CADJPY | 110.17 | 2 | -2 | 14 | -27 |
CHFJPY | 167.97 | 3 | -5 | -71 | -155 |
EURAUD | 1.6593 | -14 | 5 | -17 | -50 |
EURCAD | 1.4721 | 1 | 7 | -20 | 49 |
EURCHF | 0.9657 | 0 | 4 | 38 | 98 |
EURGBP | 0.8545 | 0 | 4 | -4 | -14 |
EURJPY | 162.19 | 5 | 7 | 1 | 17 |
EURNZD | 1.7894 | -8 | 21 | -6 | 134 |
EURUSD | 1.0870 | 3 | 1 | -14 | 68 |
GBPAUD | 1.9418 | -14 | -1 | -10 | -26 |
GBPCAD | 1.7227 | 3 | 3 | -18 | 86 |
GBPCHF | 1.1301 | 1 | 1 | 50 | 133 |
GBPJPY | 189.80 | 6 | -1 | 2 | 49 |
GBPNZD | 2.0940 | -7 | 16 | 2 | 192 |
GBPUSD | 1.2720 | 5 | -4 | -11 | 100 |
NZDCAD | 0.8227 | 4 | -5 | -10 | -34 |
NZDCHF | 0.5397 | 2 | -2 | 23 | 15 |
NZDJPY | 90.64 | 6 | -5 | 1 | -59 |
NZDUSD | 0.6075 | 4 | -7 | -6 | -8 |
USDCAD | 1.3544 | -4 | 6 | -3 | -40 |
USDCHF | 0.8884 | -2 | 3 | 47 | 35 |
USDJPY | 149.21 | -1 | 5 | 15 | -80 |
What is the risk of hedging the same currency pairs?
If the price moves erratically and you don't see any confirmation until it is too late, both stop losses might be touched, and you might gain double loss compared to if you did not hedge, as much as the gap between both positions. Few traders are able to do this successfully, so it's not widely recommended for new traders.
Continue Reading at Introduction to Forex Hedging Strategy
How to interpret fundamental aspects when analyzing currency pairs?
For example, USD seems to be going strong because of some economic data are better than ever. However, you later found out that instead of going downward, GBP/USD holds out and then moves upward! Well, it might be that the GBP is fundamentally stronger than the USD.
A strong currency does not mean that the currency will emerge as the overall champion in the forex market. Remember that currencies are traded in pairs within a globalized forex market, which mean: influential fundamentals come from both sides and more.
You should not only observe fundamental dynamics of one or two currencies but also global market dynamics. Prices are determined by supply and demand in that market, so you should think about market sentiments too.
Continue Reading at Three Reasons Why Your Fundamental Analysis Does Not Work
How to hedge multiple currency pairs?
In this case, it's important to figure out the correlations between different currency pairs and choose the ones that are highly correlated, either positively or negatively. A positive correlation means that two pairs tend to move together in the same direction, while a negative correlation happens if two pairs tend to move in opposite ways.
For example, the GBP/USD and EUR/GBP are negatively correlated. Therefore, if you buy on one pair and sell on the other, you're going to create a hedge. Most brokers typically allow this method because it involves opening two positions in different currency pairs. The only issue with this type of hedging is that it can be more complicated and you'll be exposed to the fluctuations of both pairs.
Continue Reading at Why Is Hedging Not Allowed in Some Countries?
What is the risk of hedging different currency pairs?
Inter-pair correlation changes occasionally. For example, USD/JPY and AUD/USD could have a high negative correlation, but they might change in the next day or week. The correlation might weaken or turn fifty-fifty.
Continue Reading at Introduction to Forex Hedging Strategy