Please help me understand Bloomberg?

Green is a positive change, and red means the currency pair is trading down from yesterday's settlement at 5:00 pm EST.

1. EUR/USD - Euro/U.S. Dollar

2. GBP/USD - Great British Pound/U.S. Dollar

3. USD/CHF –- U.S. Dollar/Swiss Franc

4. USD/JPY –- U.S. Dollar/Japanese Yen

5. USD/CAD –- U.S. Dollar/Canadian Dollar

6. AUD/USD - Australian Dollar/U.S. Dollar

7. EUR/GBP - Euro/Great British Pound

8. EUR/JPY - Euro/Japanese Yen

9. EUR/CHF - Euro/Swiss Franc

10. GBP/CHF - Great British Pound/Swiss Franc

11. GBP/JPY - Great British Pound/Japanese Yen

12. CHF/JPY - Swiss Franc/Japanese Yen

13. NZD/USD - New Zealand Dollar/US Dollar

14. EUR/CAD - Euro/Canadian Dollar

15. AUD/CAD - Australian Dollar/Canadian Dollar

16. AUD/JPY - Australian Dollar/Japanese Yen

17. EUR/AUD - Euro/Australian Dollar

NOTE: Of the above 17 currency pairs, six of them are deemed the “major currency pairs” in the FOREX market because they account for about 80 percent of FOREX transactions:

1. EUR/USD - Euro/U.S. Dollar

2. GBP/USD - Great British Pound/U.S. Dollar

3. USD/CHF –- U.S. Dollar/Swiss Franc

4. USD/JPY –- U.S. Dollar/Japanese Yen

5. USD/CAD –- U.S. Dollar/Canadian Dollar

6. AUD/USD - Australian Dollar/U.S. Dollar

As you can see, there is a currency on the left and one on the right. The one on the left is referred to as the base, and the one listed on the right is known as the cross. The format, once again, is as follows. BASE/CROSS, or EUR/USD. The EUR is the BASE and the USD is the CROSS.

TERMINOLOGY:

• PIPS- Price Interest Point. This is the smallest unit price for any Foreign Currency.

• LOT- A lot of currency is one denomination for a trade (100K or mini account). This is similar to purchasing one stock or one contract in the futures market.

• LONG to buy

• SHORT to sell

• BID-The price at which you sell

• ASK-The price at which you buy

Price Interest Point - (PIP)

Profits are made in the FOREX by gaining PIPS. A pip is the last digit from the decimal point. This value is 1/100th of a cent. You may now be asking yourself, how do I make money off of 1/100th of a cent? The answer is leverage. The FOREX market is highly leveraged and should be respected. That said, it can also provide for a tremendous return on your investment. The average leverage in the FOREX is 100 to 1. Basically this indicates that for every dollar you invest in a trade you are controlling $100 of value.

Calculated PIP

Calculated PIP – shows the Price Interest Point (PIP) value for the selected currency pair based upon your trading account margin. For example, a standard 1 percent margin trading account controlling $100,000 in currency would show the EUR/USD with a PIP value of 10.

PIP VALUE-Fixed or Floating

FIXED- When the USD is the cross currency (right side of the pair), the PIP value is fixed at $10 in a 100k account.

FOATING- When the USD is the base currency (left side of the pair), the PIP value is based upon the exchange rate of the cross currency (i.e., USD/CAD.). Also, the PIP value is floating when the pair consists of foreign currencies (i.e., EUR/ GBP).

LOT

A lot is the normal unit of trading in the FOREX market. Trades are made in lot increments, similar to share increments in the stock market.

Standard (or 100k) FOREX account- has a 100:1 leverage ratio

1 LOT= $1,000 investment= ratio leveraged 100 to 1, which = $100,000 in buying power.

Mini FOREX account- has a 200:1 leverage ratio

1 LOT= $50 investment= ratio leveraged 200 to 1, which = $10,000 in buying power.

TRADING HOURS (EST)

• Trades 24 hours a day, 6 days a week. The market is open from Sunday at 5pm EST to Friday at 4pm EST.

On my time (CST), Forex trading begins Sunday evening in Sydney (open 5:00pm – 1:00am), and moves around the globe as the business day begins in each financial center, first to Tokyo (7:00pm – 4:00am), [then Europe (12:00am – 9:00am)], then London (2:00am – 11:00am), and finally Canada and New York (7:00am – 4:00pm).

http://www.fxstreet.com/rates-charts/usdollar-inde...

http://forex.tradingcharts.com/

http://www.dailyfx.com/

http://www.fxcm.com/

http://www.thestreet.com/

http://forex.com/

That image depicts currency exchange rates and how they're changing over time. These are used to determine the relative buying power of one country's currency to another (it's complicated).

The first row is USD-JPY, or, US Dollar to Japanese Yen. Next is US Dollar to Hong Kong Dollar. etc