Day: January 31, 2019

ALPHA Market Update 31 January 2019

31.01.2019

Market Update       Commodities Oil prices rose for a third day on Thursday, pushed up by signs of lower imports into the United States as part of efforts by OPEC to tighten the market. U.S. West Texas Intermediate (WTI) crude futures were at $54.58 per barrel at 0249 GMT, up 35 cents, or 0.7 percent, from their last settlement. WTI closed up 1.7 percent on Wednesday when prices touched their highest since Nov. 21...

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Exchange Rates: What Are They And Why Are They Important?

31.01.2019

Whenever we start to look into forex trading and its origins, one of the first things we see is exchange rates. Exchange rates are known these days as the difference in value between the two currencies. For example, if you were to take a currency pair such as GBP/USD, the current exchange rate at the time of writing this is 1/1.31. This means that if you were in the USA and you wanted to buy 1 British Pound Sterling, you would have to pay 1.31...

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