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Buy Xagusd Now 31.688 Sl: 31.450 Tp: 32.000

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Buy Nzdusd Now 0.61500 Sl: 0.61417 Tp: 0.61600

US CONSUMER CONFIDENCE The US consumer confidence declined to 97.0 in April, the lowest reading since July 2022.

How to Read a Forex Quote Currencies are always quoted in pairs, such as GBP/USD or USD/JPY. The reason they are quoted in pairs is that, in every foreign exchange transaction, you are simultaneously buying one currency and selling another. How do you know which currency you are buying and which you are selling? Excellent question! This is where the concepts of base and quote currencies come in… Base and Quote Currency Whenever you have an open position in forex trading, you are exchanging one currency for another.  Currencies are quoted in relation to other currencies. Here is an example of a foreign exchange rate for the British pound versus the U.S. dollar: GBP/USD (Base/Quote) The first listed currency to the left of the slash (“/”) is known as the base currency (in this example, the British pound). The base currency is the reference element for the exchange rate of the currency pair. It always has a value of one. The second listed currency on the right is called the counter or quote currency (in this example, the U.S. dollar). When buying, the exchange rate tells you how much you have to pay in units of the quote currency to buy ONE unit of the base currency.

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