Author: David Graham
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.
Our information exhibits merchants are actually at their least net-long AUD/USD since Might 27 when AUD/USD traded close to 0.66.
Variety of merchants net-short has elevated by 34.79% from final week.
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