Welcome to Live Forex Your gateway to Foreign Exchange. On our website you uk forex find everything you need for trading, from exchange rates to live forex charts, currency forecasts and news from reputable online sources, forex quotes, economic data and recommended brokers. We aim to provide everything required for individuals involved in the foreign exchange market. Sometimes when you’re trading forex you need an edge, hopefully we can provide you with that.
What Would You Like To See? Todays Exchange Rates See real time exchange rates for most world currencies, with high, low and daily change in prices. Currency Converter Use our neat and handy currency converter to see how much your money gets you in foreign exchange. Forex Pivot Points Pivot points are used by traders to determine support or resistance and find the best rate to exchange currency. Foreign Exchange News Regular news updates and currency forecasts that will help guide you through the market movements.
A transaction from one currency to another is called foreign exchange or forex. That’s the basics, however that is also just the beginning of the world of forex. Foreign exchange is driven mainly by supply and demand and the exchange rate between currencies is influenced substantially by economic data and conditions. Interest rates changes and unemployment data are just two of many factors which could change traders views on the current worth of a currency.
It is no wonder that predicting exchange rates is a complex business, when any countries stance on current economic conditions can change worldwide views on the direction. 2009 as a free resource on forex markets. Make sure you bookmark and visit again soon. This page would appear to be missing.
If you typed the page address in to the address bar, make sure that it is spelled correctly. Click the back button, and either try again, or try a different link. If you still can’t find what you’re after, try contacting us and we’ll do all we can to help. Currency Strength Meter Our currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak.
The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. Please see notes below for further details. How Does The Currency Strength Meter Work? The meter takes readings from every forex pair over the last 24 hours, and applies calculations to each.
It is useful as a quick guide to which currencies you might want to trade, and which might be worth staying away from. For instance, if a certain currency is very strong, and another suddenly turns weaker, you may find a trading opportunity. Such deviation between pairs usually indicates momentum. Conversely, if two currencies are weak, strong or average strength, there is often a range or sideways movement happening. How Often Is The Meter Updated? It checks our real time forex data every minute and determines the current strength. Any changes will appear if you refresh the page.
It’s Still Not Clear, Can You Show Me A Real Example? Sure, let me show you a couple taken right now. This is different to a currency index. Instruments such as the US Dollar Index are weighted indexes which compare the Dollar’s value relative to a basket of other currencies. For instance, at the time of writing this the US Dollar index is weighted as follows: Euro 57. Our meter is based on more pairs, and takes the average gain or loss over a couple of timeframes to give an overall strength.
It doesn’t calculate a price like an index does, it gauges the strength on a numerical scale. For holiday money see our tourist rates table. The share data supplied on this page is provided by AJ Bell Media and incorporates share prices, market news, indices, charts, fundamentals, heatmaps, stock screeners and investor research tools. Select your currency from the table below to view detailed live forex rates.