What are Forex major Currencies and their pairs?

The forex major currencies are the seven most Traded in the Forex Market by Volume ,

and are : the U.S. dollar (USD), the euro (EUR), the Canadian dollar (CAD), the Japanese yen (JPY), the British pound (GBP),

the Australian dollar (AUD), and the Swiss franc (CHF), so let’s see every one of theme:

1-The U.S. dollar:

The U.S. dollar is still the most heavily traded global currency

and has maintained its status as the world’s reserve currency.

Most central banks around the world maintain U.S. dollar

reserves, and that adds to its influence, as do the fundamental

news and data releases related to the U.S. economy, which is

the world’s largest. Because of this, the U.S. dollar, also known

as the greenback, is a “flight to quality” currency; this was reaffirmed

in mid-2008 when global stock markets came tumbling

down and monies quickly flowed into dollars, creating a sharp

and sustained rally for this currency. The global marketplace

is a dynamic pricing apparatus that always is subject to change.

However, at this time, the greenback is still the world’s reserve

currency. Because of this, all the other major currencies are

quoted in relation to the U.S. dollar. The most influential factors

in the pricing of the dollar come from the policies of the

U.S. Federal Reserve, which is the central bank of the United

States, and the U.S. Treasury.

2-The euro:

The euro is the currency of the European Union and is second

only to the U.S. dollar in terms of reserves held by other

countries and central banks. Because of this, the EURUSD is the

most heavily traded currency pair. The most influential factors

in pricing the euro against other currencies are the policies of

the European Central Bank. A consideration in understanding

European Central Bank policies is that rather than speaking for

one independent entity or country, it must balance the economic

interests of many.

3-The Great Britain pound:

The Great Britain pound is arguably the oldest of the major

currencies, with its issuer, the Bank of England, having been

around since the 1600s. It is ranked third in currency reserves

held around the world. GBPUSD is a heavily traded currency

pair that in recent history has been a leader among the majors,

having led the rally in 2006 and 2007 and having topped in

2008 and led the majors lower from there.

4-The Japanese yen:

The Japanese yen is a very influential currency in that the

Japanese economy is the second largest in the world and that

nation’s currency is the primary Asian representative in the

forex markets. The central bank of Japan is the force behind the

yen and is known for being more active than the other major

central banks when it comes to managing the national currency.

5-The Canadian dollar:

The Canadian dollar is an influential currency because of the

richness of that country’s natural resources; the fact that it

shares a border with the United States, the world’s largest

economy; and its European connections on its eastern coast

and its Asian connections on its western coast. Canada is a

truly 24-hour-a-day country.

6-The Australian dollar:

The Australian dollar has become more and more influential

over the last two decades as that country has become a major

exporter of commodities to the growing Asian economies. Its

location on the “global clock” also makes it an attractive currency

for traders working the “third” shift: 4 p.m. to midnight Eastern

Standard Time.

7-Suiss Franc:

Introduced in 1850, the Swiss franc (CHF) is the official currency of Switzerland

Liechtenstein and the Italian exclave of Campione d’Italia

and is the only franc remaining in Europe.

The Swiss franc, ranked as the seventh most traded currency in the world

, has gained in popularity mainly due to being a safe-haven currency.

Therefore, many governments and financial institutions hold CHF as a

hedge against instability in many types of investments and markets.

What are major Forex pairs in the market?

A currency pair is a make up of two currencies, Consider the AUD/USD as an example ,

the currency on the left (the euro) is called the base currency and the currency

on the right is called the quote currency.

The currency pairings that are most frequently traded for speculative purposes

or that account for the largest volume of economic transactions are simply

referred to as major forex pairs.

We can say that the major currency pairs on the forex market are the EUR/USD, USD/JPY, GBP/USD, and USD/CHF,