Currencies EUR/USD The euro slid 0.1 percent to1.3056 dollars.
The euro which is considered in crisis, awaits its fate when the European
Central Bank will meet on Thursday. The pair hit 1.3037 in the morning which is
its lowest since Monday.
USD/JPY The Japanese yen has fallen once more against most of its
counterparts. The two day loss has the currency losing 0.3 percent and falling
to 88.17 dollars at 6:39 London time. On the 4th of January the
currency had reached its lowest level in over two years.
AUD/USD
The Australian dollar
has gained its three week high against the dollar. As imports and exports in
China improve, its major trading partner Australia, has been positively
affected and the country’s currency has been improving. The Aussie touched its
strongest price since the 18th of December with 1.0555 dollars,
before falling to 1.0552 dollars at 4:31 pm Sydney time, which is a 0.3 percent
increase.
GBP/USD The British currency has suffered a big loss and has fallen
lower than most of its counterparts, occupying the second to last spot. It
reached its lowest level since the 30th of November at 1.5993
dollars, it then rose to 1.6012 dollars at 4:38 pm London time.
ReplyDeleteForex Arbitrage
A trading strategy that is used by forex traders who attempt to make a profit on the inefficiency in
the pricing of currency pairs. The strategy involves reacting quickly to opportunities, and is usually
accomplished through the use of computers. As with other arbitrage strategies, the act of exploiting
pricing inefficiencies will actually correct the problem in the market. For this reason, these
opportunities are often only around for a very short time. Arbitrage currency trading requires the
availability of real-time pricing quotes and the ability react quickly as opportunities present
themselves.Forex arbitrage calculators are available to help find these opportunities more quickly,
but as with all software, programs and platforms used in retail forex trading, it is important to try
them out in a demo account if possible. Trying out multiple products before deciding on one is the only
way to determine what is best for the forex trader.
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