Daily Forex Market Summary

The US dollar weakened against a basket of currencies after GM auditors voiced concern whether it could survive without bankruptcy and investors took profit in anticipation of hefty job losses in the US. Data showed the US unemployment rate hit a 25-year high of 8.1% after employers cut 651,000 jobs in February. These figures reinforced [...]

Forex Options Market Overview

The forex options market started as an over-the-counter (OTC) financial vehicle for large banks, financial institutions and large international corporations to hedge against foreign currency exposure. Like the forex spot market, the forex options market is considered an “interbank” market. However, with the plethora of real-time financial data and forex option trading software available to [...]

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