Forex market brief Wednesday,
February 26, 2014
The foreign exchange? Yes. Spies? No.
The foreign legion? No.
The Forex.
Some trace it back to these though The Forex, also Caterpillar Co.’s why
not make international currencies, money in each country’s reckoning of the
dollar at home and abroad, tradeable for profit near exactly like the world’s
stock market exchanges? Some might
remember Catepillar’s notion to save itself from fiscal ruin back around
1987. The Forex is behind business
phrases such as are you ‘long or short’, ‘the usd/jpy’, and, ‘dollar/yen’?
I’m tracking a trade of this type
today. One american dollar will buy you
102.356 yen spelled phonetically in american english. This looks a little stagering though if you
were walking out of the bank’s door while vacationing a week near Hiroshima and
heading back towards your hotel you might see an ad stating one gumball for
102.00 yen sitting on a newspaper stand.
Thus, a one american dollar gumball slightly supersized and looking
appropriately priced. It cost you a
dollar.
102.307 yen was the price this morning at
4:00am, a 0.049 lower price. Darn, I
could have netted a few dollars on a small investment if I’d bought the
currency pair on FXCM’s trading platform earlier. I might wait for a new low in price and wait
till the beginning of the month too, For now I’m just chart analyzing and
enjoying the practice.
Asian
sessions run overnight starting at 8:00pm e.s.t. and William Stade
R&D
1-914-374-2360
Idyllicstate@aol.com
No comments:
Post a Comment
Hello, please feel free to start or join an online conversation here in the comments area.