Been trading EUR/USD and GBP/USD mostly but keep seeing references to indirect quotes in some analysis reports.
Never really understood the difference or why it matters for actual trading decisions.
Indirect quotes show how much foreign currency you get for a dollar. They reverse direct quotes and help in understanding currency value.
Indirect quotes show how much foreign currency you get for one dollar. USD/JPY tells you how many yen you need for a dollar. If USD/JPY goes up, the dollar’s getting stronger. But honestly, most brokers display quotes the same way, so it won’t change how you actually trade.
Indirect quotes express how much foreign currency you get for one dollar. For example, USD/JPY shows yen per dollar. When USD/JPY rises, it means the dollar strengthens. Conversely, if EUR/USD increases, the dollar weakens. While most platforms quote currencies similarly, knowing indirect quotes helps with market analysis but does not directly affect your trading decisions.
Indirect quote shows foreign currency value in USD.