EUR/USD Daily Outlook
Friday, July 15th, 2011 at
6:01 am
Intraday bias in EUR/USD remains on the upside with 1.4055 minor support intact and further rise could still be seen. But note again that as long as 1.4577 resistance holds, there is no confirmation of near term reversal yet and fall from 1.4939 is still mildly in favor to continue.
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Tagged with: currency forecast • forex market outlook • Forex Signal • fx trading signal
Filed under: Action Forex Market Outlook
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Well, one of the main characteristics of the forex market is its extremely high LIQUIDITY. This is because the forex market is not like a normal stock exchange market that has an opening and closing hour; the forex market includes all transactions in currencies around the world, anytime, by anyone. The data is collected from various banks through Reuters agency. Basically what they check is how much the banks are charging for buying or selling of the currency pair (e.g. EUR-USD), and then the “standard price” can be calculated. Yes, it’s such a huge market with so much money flowing in it, so many participants and so many deals being done, that the price can fluctuate every second or so.
As for what moves the price up and down – as usual it’s supply and demand. When someone buys, he pays a slightly higher price (the “ask price”) boosting the price up, and vice versa with the “bid price”. The one-pip movement you’re describing is the result of average weighting of all transactions that occurred in the last second (or any other arbitrary time frame). Then all the charting services, which are connected online to the forex network, can display the change – close to real-time if not perfectly at it.
Good luck.
For each movement a graph is made. When such graphs are combined together you can see the graph moving in electronic trading. Of course the market is very volatile so there are bound to many graphs.The graph seems to be moving thus.Each trading Software is linked with market thro coding which shows the movements according to the markets.