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The foreign exchange market, also known as the Forex market or the FX market, is also one of the global markets that witnesses a trading volume of almost $6.6 trillion every day. Foreign exchange refers to exchanging one currency trading with another for different reasons that include tourism, inter

The news that the military blockage in Libya shut down the two large crude oil fields, which made WTI yield. At release time, the crude oil trades near $58.75, looking to close the bullish opening gap. It looks oil bulls cheered the weekend reports of the Libyan outage, and then the prices jumped to

What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

Sterling was flat during the Asian trading session on Thursday. British companies are seeking deeper trade ties with Europe, business groups told CNBC, in an attempt to hedge Trump's erratic policies. The tariff rate for some countries will rise to 15% or higher from the newly imposed 10%, US Trade