In the Forex market, prices are quoted in pips. Pip stands for “percentage in point” and is the fourth decimal point, which is 1/100th of 1% or one basis point.
In EUR/USD, a 3 pip spread is quoted as 1.2400/1.2403
This standardized size helps to mitigate huge losses. For example, if a pip was 10 basis […]

A common way to think about U.S. interest rates is how much it’s going to cost to borrow money, whether for our mortgages or how much we’ll earn on our bond and money market investments. Currency traders think bigger. Interest rate policy is actually a key driver of currency prices and typically a strategy for […]

January 24, 2008
Gold N.Y. Spot $ 905.50
Silver N.Y. Spot $ 16.22
Lead LME Cash $ 1.1698
Copper LME Cash $ 3.2165
Zinc LME Cash $ 1.0138
Nickel LME Spot $ 12.18
Aluminum LME Spot $ 1.0932
Platinum […]