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Common Currency Pairs In Global Currency Trading
Brent Crouch
Currency Pairs Information
Common Currency Pairs In Global Currency Trading
Generally speaking, any two currency pairs can be traded back and forth. Even if common information is not kept about two specific currency pairs with respect to each other, that currency information can be obtained by comparing both of those currencies to the American dollar. The world economy still largely operates based on the US dollar, and for that reason, you can
use that dollar as a middle man to trade any two currencies the world has to offer. That said, however, there are some currency pairs that are more commonly traded than their counterparts and these pairs are the focus of the discussion below.
American Dollar and Euro: This particular currency pair is also known as the EUR/USD or the USD/EUR depending on the particular point of view to trading that you bring to the table. It is also arguably the most traded currency in the world when the major conventional
traders are removed from the picture which essentially means that most of the individual traders that enter the Forex market through online channels eventually settle on trading these two currencies back and forth. Over the long run, there has been a steady gain of the EUR on the USD and over the short run there is enough volatility in the market to allow you to make multiple trades on trends a day if that is what you want to do.
American Dollar and British Pound: This particular currency pair is also
known as the USD/GBP or the GBP/USD currency pair. This used to be the most common currency pair traded in the world and might still be the most common one traded if you put the conventional large traders back into the picture. There tends to be far less short term volatility in this market which is perhaps why individual traders prefer the EUR/USD to this one.
American Dollar and Canadian Dollar: This one is also known as the USD/CAD or the CAD/USD. While not a particularly common trade made on a worldwide
scale you will see this trade quite often in the North American market. Even outside conscious Forex trading there are hundreds of exchanges between these two currencies everyday because of the close relationship the two parent countries have.
Euro and British
Client flows and risk aversion - cognitive dissonance
Forex - Chart EUR/USD Update: Early drift higher stalls; now a small drift lower intraday
Forex - EUR/USD, GBP/USD, EUR/GBP Flows: cross edges into key sell zone?
EUR/USD: The pair settled the week with a net loss of around 200 pips
Majors climb to session highs against greenback
London Session: Signs that bearish sentiment may be wearing a bit thin
Inflation is stealth expropriation
Forex - USD/CAD, S&P Flows: 1.0200 breach represents a productive week
Downgrades Day
The Current Market Sentiment
Western Equities Slump, Precious Metals Rally
Gold Rebounded, Awaiting European and Fed Actions
Daily Forex Technical Overview
Technical Major Currencies Morning Report
Global risk sentiment continues to deteriorate
Asia Session: Are interest rates in Australia going to sink to 2.50%
Crude Oil closed lower on Thursday
Markets continued to spiral lower
European stocks hit multi-month troughs,
Possible Climactic-Type Selling Off Lows Soon
Spot gold rallied more than 2 percent on Thursday
Cycle Bottom Due for Gold
Technical Market Commentary
Market Review - 17/05/2012
Forex - EUR/AUD, AUD/USD Flows: Gillard: high AUD puts stress on man/ tourism;RBA
The Trend Trader for ETFs
The Trend Trader for ETFs
The Trend Trader for the Dow 30 Stocks
The Trend Trader for Forex
The Trend Trader for Futures
Forex - Chart AUD/JPY Update: Bears back in control
Gold surged on fear and oil slipped
NY SESSION: Precious metals and JPY are back in vogue as potential for QE3 lurks
Forex - Chart EUR/HUF Update: Up at m.t ceiling
GBP/USD: The pair trended lower throughout the session
Greece + Spain
Technical Major Currencies Midday Report
The Current Market Sentiment
There are no rabbits. There are no hats
Forex - EUR/USD, GBP/USD Flows: downside winning out, but it's a struggle
Pound: Also known as the EUR/GBP or GBP/EUR. This is a very popular trade in Europe and particularly in the United Kingdom but on a worldwide basis it is generally a better bet to go with the EUR/USD currency pair because of the greater volatility that market brings to the table.
Chinese Yuan and Japanese Yen: This is the CHY/JPY or the JPY/CHY currency pair. This trade is very popular in Asia and like the CAD/USD trade also occurs quite often outside of conscious currency trading with the number of people
that travel back and forth between areas that have these two pairs.
These are by no means the only currency pairs available for you to trade as stipulated in the introduction, but they are definitely some of the more popular ones. Every reputable and decent quality online Forex software will automatically have at least these five currency pairs programmed into them and a good number of the software packages you can find on the internet will have many more as well as custom options that you can use to
track your own currency pairs.
Article Source: Upublish.info
Brent Crouch at GlobalForexTradingetc.com - Currency Trading. Get Free Analysis, News, & Live Training From GlobalForexTradingEtc.com Today!
Keywords: currency pairs, currency trading, forex trading, global forex trading
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European Monetary Union (EMU) - The principal goal of the EMU is to establish a single European currency called the Euro, which will officially replace the national currencies of the member EU countries in 2002. On Janaury1, 1999 the transitional phase to introduce the Euro began. The Euro now exists as a banking currency and paper financial transactions and foreign exchange are made in Euros. This transition period will last for three years, at which time Euro notes an coins will enter circulation. On July 1,2002, only Euros will be legal tender for EMU participants, the national currencies of the member countries will cease to exist. The current members of the EMU are Germany, France, Belgium, Luxembourg, Austria, Finland, Ireland, the Netherlands, Italy, Spain and Portugal.
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