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What is the Exchange Rate?


What is the Exchange Rate exchange rate (also known as a foreign-exchange rate, forex rate, FXrate ) between two currencies is the rate at which one currency can be exchanged for another countries currency. 29 more words

FX Trading Notes – 22/6/2017

Key points

  • European equities are under pressure, while US stocks have opened on a flat note. The US dollar is flat lined as falling inflation expectations dampen the Fed rate hike outlook.
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Trading

GBP/AUD - Long above 1.6804

Technicals

On the 4-hour chart – Descending trend line breached, now forming a nice base around 1.6799. RSI above 50, but flat lined. A break above 1.6804 would strengthen bid tone. Target 1.6866-1.6938 Stops below 1.6799.

Trading