The main drivers of this strong trading month were the Indian Rupee, G6 currency pairs
and the Indian Single Stock Futures (SSF) with the BSE Sensex Futures.
Other innovative products in the pipeline include the BFX MCX USD Gold and Silver Futures as well as Options contracts on the USD-INR currency pair
, it added.
At the lowest point the currency pair
formed a candlestickaa trend reversal pattern shown as a red rectangle.
PIP stands for 'percentage in points' and a pip is industry jargon for the smallest price change that a given currency pair
can make, traditionally this is the fourth or second decimal place (depending on the currency).
The euro/US dollar currency pair
accounted for 58 per cent of all currency volume traded through dbFX in the Middle East during the third quarter of this year.
In order to take advantage of even slight movements in the market, the day trader tends to open multiple small trades on the more volatile currency pairs
, such as, traditionally, the GBPJPY and EURNZD, which carry their own sets of risks when the market makes sudden unfavourable swings.
Middle Eastern trading volumes for the Euro/US Dollar, Pound/US Dollar and US Dollar/Japanese Yen currency pairs
represented 85 per cent, 10 per cent and one per cent respectively of all Middle Eastern dbFX trading during the quarter.
The Euro/US Dollar currency pair
accounted for nearly 37 per cent of all FX volume traded through dbFX in the first quarter of the year.
When one moving average, however, crosses over another moving average of a different period, as shown in the picture above, the crossover point can signal a change in the direction of the trend of the currency pair
. Used in combination with other technical analysis tools, the signals given by crossing moving averages can help traders identify trend changes early on so as to enter or exit trades at the appropriate time.
Growth developed by the currency pair
during September 17-20 is presently being compensated.
The new application calculates value of one pip (percentage in point) for all popular currency pairs
. Instead of doing complex math calculations, all one needs to do to determine how much each pip is worth is to enter the trade lot size and choose the currency pair
In the medium term the currency pair
completed IE-IAE-Ii correction last week having touched the minimum of 31.8275.