Cairo Bank Uganda’s Post

A #PIP is the standard unit measuring currency value change between two currencies. It denotes the smallest fluctuation in exchange rates. Understanding PIPs is crucial for forex traders to gauge profitability and manage risks effectively.

Thursday 11 January, 2024 Daily Currency Update Expected Ranges GBP/USD: 1.2708 – 1.2773 ▲ GBP/EUR: 1.1602 – 1.1632 ▲ GBP/AUD: 1.8962 – 1.9026 ▲ EUR/USD: 1.0931 – 1.0987 ▲ GBP reaches weekly highs against the US Dollar ahead of US inflation data The Pound holds positive ground against the US Dollar at around 1.2765 during the early European session today. The support in the pound is contributed by the weaker US Dollar and improved risk-on sentiment. Markets await the December US Consumer Price Index for fresh clues to the directions to follow with the potential of 1.28 to be the key barrier of resistance in the currency pair. The Euro is under some pressure and weakened against the Pound. Yesterday, the European Central Bank Vice President Luis de Guindos said the euro-zone may have been in recession in the last quarter and that prospects in the near term remain weak. Adding to this ECB’s member Isabel Schnabel said the central bank is on the right track to curb inflation while mentioning geopolitical tensions as one of the upside risks to inflation. ECB policymaker Mario Centeno said that the central bank will cut its key interest rates sooner than it recently thought and should not wait until May to make a decision. OFX #fxmarkets #currencyexchange #data

Simplify your currency exchange with #HFBForexExchangeRates Visit any of our branches today. Forex rates may differ due to changes in market conditions. #WeMakeItEasy

Forex 101: Interest Rates & Currencies #forextradinganalysis #forextrad... https://lnkd.in/gRarFRXE via @YouTube #Forex, #Currencies, #InterestRates, #FED

TODAY'S FOREX RATES

It's better to use a Forex card rather than a bank card in trade of FOREX currency

Most Volatile Forex Pairs 2024 Most Volatile Currency Pair in 2024 is GBP/JPY which averaged 154 pips per day in movement Least Most Volatile Currency pair in 2024 is EUR/GBP which averaged 40 pips per day in movement In the chart below, we display the least to most Volatile Forex Currency Pairs according to their average daily pip movement using the past 12 months of data. https://lnkd.in/eVfUmvWb

Forex risks for the USD/ZAR and EUR/USD in the days ahead. #EURUSD #USDZAR #foreignexchange #SouthAfrica #Fed #ECB #forex Eliminate the noise with angrymetatraders.com https://lnkd.in/dTcP6Ku4