In an open economy, the supply curve in the foreign-currency exchange market becomes vertical because the central bank can adjust the supply of its currency to meet the demand, ensuring stability in the exchange rate.
The FX market is OTC (Over The Counter) and as such, exact OHLC is not available. In addition, as the market is (mostly) 24 hours, there is no defined open or close as you would observe in, say, a stock market.
yes, of course, and the ISX will open to the world on Augest 2nd, 2007 .....8 1/2 hours from right now to be exact 0 days, 8 hours, 39 minutes and 43 seconds
Currencies are bought and sold on the open market - just like other commodities. The more popular a currency is - the higher the selling price will be.
One carries out currency trading on the Foreign Exchange market (Forex) for the purpose of making money. This is a speculative process as one is betting on the movement of the currency. It is the largest financial market in the world. The market is open 24 hours a day, there are much fewer rules than with the stock market and there are no commission charges. To start trading one must open an account with a Foreign Exchange Broker either online or in person. There are a wide variety of brokers available.
Question: What is the foreign currency exchange market?Ans:The main currency exchange market is Forex/FX. The market covers all the accepts of selling and buying currencies on the existing values. In terms of volume it is the largest currency market of the world.
7:30am
6.30pm
7.30
09.15am
oil = commodity dollars = currency exchange market treasuries = bond market Corn and wheat-Commodity market Pesos and yen-Currency exchange market Munis and Treasuries-Bond market
9:30 AM eastern time