EUR/USD: This market has been moving steadily in the...
The USDOLLAR dipped quite aggressively after the recent rate hike, but started to regain movement for the bulls after recent re-test of nearby support. However, since no further guidance has been offered, we may see addtional dipping due to the pending tax reform vote. With about 50 points to the next level of resistance, traders can expect approximately 100 pips worth of potenttial USD Strength ...Continue Reading
The use of countervailing prices in different markets to profit from small price differentials via the purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market.
A dealer phrase referring to the first few digits of an exchange rate. These digits rarely change in normal market fluctuations, and therefore are omitted in dealer quotes, especially in times of high market activity. For example, a USD/Yen rate might be 107.30/107.35, but would be quoted verbally without the first three digits as, “30/35”.