![]() FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ![]() Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The high degree of leverage can work against you as well as for you. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Please read our privacy policy and legal disclaimer. The use of this website constitutes acceptance of our user agreement. Note: All information on this page is subject to change. The value of the pair tends to be affected when the two main central banks of each country, the Bank of Japan (BoJ) and the Federal Reserve Bank (Fed), face serious interest rate differential. The nature of this correlation is dued to the fact that both currency pairs also use the US Dollar as the base currency, such as USD/JPY. The US Dollar Japanese Yen usually has a positive correlation with the following two pairs: USD/CHF and USD/CAD. Trading the USD/JPY currency pair is also known as trading the "ninja" or the "gopher", although this last name is more frequently used when reffered to the GBP/JPY currency pair. The pair represents American (from United States of America) and Japanese economies. In the USD/JPY the US Dollar is the base currency and the Japanese Yen is the counter currency. Japanese Yen has a low interest rate, normally used in carry trades, that's why is one of the most trades currencies worldwide. The USD/JPY (or US Dollar Japanese Yen) currency pair is one of the 'Majors', the most important pairs in the world. After the result of the Brexit referendum, where the majority of the British voted to abandon the European Union, GBP/USD has been suffering some turbulence in the Forex market as a consequence of the associated risks of leaving the single market. The Cable is a widely observed and traded currency pair where the Pound is the base currency and the US Dollar is the counter currency. The popularity of the Pound Dollar is due to the fact that represents two strong economies: British and American (from United States of America). ![]() ![]() This term was originated in the mid-19th century and it makes GBP/USD one of the oldest currency pairs in the world. ![]() The pair is also called 'The Cable', reffering to the first Transatlantic cable that was crossing the Atlantic Ocean in order to connect Great Britain with the United States of America. This group also includes the following currency pairs: EUR/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD and USD/CAD. Registered Address: 19 North Sangamon Street, Chicago, IL 60607.The GBP/USD (or Pound Dollar) currency pair belongs to the group of 'Majors', a way to mention the most important pairs worldwide. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.įX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.įX PUBLICATIONS IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. ![]()
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