Tuesday, March 23, 2010

Forex currency market

Forex meanings instruments, such as paper currency, notes, and checks, used to make payments between countries.

FOREX - The forex is main thing foreign exchange market or currency market or forex is the market where one currency is traded for another. It is one of the largest markets in the world, including india.

Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.

In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted AAA/BBB, where BBB is the ISO 4217 international three-letter code of the currency into which the price of one unit of AAA currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.

Forex is a business segment within SAFC, a division of the Sigma-Aldrich Corp. (SIAL) said it intends to invest $2 million or about 1.2 million pounds Sterling in expanding production of trimethylgallium or TMG at its Bromborough, Wirral, UK manufacturing plant. The investment, supported by Wirral Council and The Mersey Partnership or TMP, who helped secure additional funding of 300,000 pounds from the Northwest Regional Development Agency, is expected to enable SAFC Hitech to strengthen its position as a global supplier of TMG and satisfy the growing demand for the material in the production of high brightness LEDs or HBLEDs for use in applications such as backlighting in flat panel television sets and energy efficient lighting, Sigma-Aldrich noted. Geoff Irvine, VP, Business Development, SAFC Hitech commented.

by: www.hipowergentec.com

1 comment:

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