Tag Archive Asian


USD / JPY reacts to 110.70 support

USD / JPY reacts to 110.70 support

On the first trading day of the week on the Japanese new forex market, it maintained its gains against the dollar. USD / JPY, which is down 0.05%, continues to be affected by the weaker dollar in global markets. During the Asian hours, the Japanese reading PMI for the month of July came in at the level of 52.2 and there was no significant effect on the parity. In the US wing, PMI figures will be followed today. It is also expected that Trump’s brother-in-law, Kusher, will testify at the Intelligence Committee behind closed gates. It would be beneficial to monitor these developments closely for the course of the US dollar, which is under the negative pressure of political risks.


Technical Analysis: The USD / JPY pair has retreated to 110.70, indicating a significant level. If the upside movement of the parity shaped at 111.00 with this point buy reaction continues, 111.90 level can be seen as the first resistance point. However, breaking down the support level below 110.75 may lead to an increase in downward sales pressure.


Resistance: 111.90 / 1112.75 / 113.50

Support: 110.70 / 111.00 / 109.20


Differences Between Forex and Stocks –3

Differences Between Forex and Stocks –3

d) Duplex Process

Investors trading on Forex markets are only required to set direction for the traded product. They can easily make money not only in a rising market but also in a falling market. Therefore, if the investor opens a sales-oriented position in the transaction to be opened, the decline will be profitable to the investor. Any item on the forex market can be opened in a downward direction by pressing the Sell button very conveniently.

There is also the possibility to earn money in the falling market in stock transactions. Investors investing in a downward direction are in a downward position with the “On Sale” transaction. However, not every investor can easily make an open sale transaction like forex. Because it sells shares that are not in your possession, and after the decline happens, it takes back the feeling and replaces it. In order for this transaction to be realized, the investor must borrow the amount of shares to be traded in the borrowing market of the brokerage institution. An investor who wishes to make an open sale transaction in stocks has to sign the On Sale Sales Operations Framework Agreement.

e) Trading Hours

One of the most significant differences between Forex and Stock trading is trading hours. Stocks traded on stock exchanges are usually restricted to trading hours during the day. For many years the trading hours at the IMBC have been limited to the morning session and the afternoon session after noon. There is no trading session restriction in Forex markets.

The Forex market is a market over OTC countertops and intercontinental transactions continue throughout the day

as there is an international currency market. Even though transactions are divided into 3 sections as Asian session, European session and america session, the transactions

last 24 hours continuously throughout the day. Forex market transactions begin at 00:00 on Sunday and finish at 24:00 on Friday, the last trading day of the week. Therefore, Forex market is a market traded 5/24.

f) Commissions

Forex markets have no transaction commission. The investor’s transaction cost is buried in the purchase and sale price. Spread, which is the difference between Buy-Sell prices, faces the investor as the transaction cost.

The starting point for the investor who purchases at the selling price is the purchase price, the purchase price realized by the investor at the selling price. In addition to the spread cost of purchase-sale prices in stock markets, Buy-Sell commission fees are reflected in investor accounts.

In the past years, brokerage commissions of brokerage firms were very high. But over the years the commission rates have fallen to extremely reasonable levels. Nowadays, stock trading is possible with very attractive low commission rates and low transaction costs.