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Currency Prices in Forex Market

 
 
Fri 17 Jun, 2016 02:42 pm
How are currency prices determined?
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Type: Question • Score: 5 • Views: 473 • Replies: 4
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Miss L Toad
 
  1  
Fri 17 Jun, 2016 10:19 pm
Forget what fuddy duddy fundamentalists foment, as a 3 easy lessons, fully trained haruspex I can attest that divination of the entrails of eviscerated farm yard friends is the best technical analysis.



Anyone in the habit of taking food and/or drink at the keyboard is cautioned to eschew scrolling to the images below.



https://en.wikipedia.org/wiki/Haruspex



















https://upload.wikimedia.org/wikipedia/commons/thumb/8/8b/Divinatory_livers_Louvre_AO19837.jpg/170px-Divinatory_livers_Louvre_AO19837.jpg
TomTomBinks
 
  1  
Fri 17 Jun, 2016 11:13 pm
@Miss L Toad,
I suspected as much. Thanks for the confirmation.
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HenryLynn
 
  1  
Fri 24 Jun, 2016 12:23 pm
@emmaalba,
Currency prices are affected by a variety of economic and political conditions, most importantly interest rates, inflation and political stability. Moreover, governments sometimes participate in the Forex market to influence the value of their currencies, either by flooding the market with their domestic currency in an attempt to lower the price, or conversely buying in order to raise the price. This is known as Central Bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the Forex market makes it virtually impossible for any one entity to "drive" the market for any length of time.
cicerone imposter
 
  1  
Fri 24 Jun, 2016 07:49 pm
@HenryLynn,
Private investors also play the same game. They try to manipulate the market, and make a profit. It's gambling.
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