Tag: currency
What is the major benefit of bitcoin?
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In the rapidly evolving landscape of digital currencies, Bitcoin stands out as a pioneering force that has reshaped how we perceive and utilize money....
What is the Effect of Spread in Forex?
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The forex (foreign exchange) market is the largest and most liquid financial market in the world, with daily trading volumes exceeding $6 trillion. One...
USDCAD Price Breaches the Resistance – Forecast for June 27, 2024
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USDCAD Price Analysis Expected Scenario The USDCAD price showed clear positive movement yesterday, breaching the $1.3690 resistance level and settling above it. This move halts the...
CHFJPY Settles Below the Support – Forecast for June 27, 2024
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CHFJPY Price Analysis Expected Scenario The CHFJPY price encountered a strong barrier at 179.25, preventing a continuation of the bullish momentum and prompting the formation of...
Which Money Is the Highest Value in the World?
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Currency value is a crucial factor in the global economy, impacting trade, investment, and everyday transactions. The value of a currency can influence economic...
What Spread is Best for Forex?
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In the world of forex trading, understanding spreads is essential for evaluating trading costs and optimizing profitability. The spread refers to the difference between...
What is Raw Spread in FX?
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Understanding raw spread in the context of foreign exchange (FX) trading is essential for traders seeking transparency, competitive pricing, and efficient execution. Raw spreads...
EURJPY Maintains Sideways Movement – June 26, 2024
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EURJPY Price Analysis The EURJPY pair traded within narrow ranges yesterday, oscillating between the additional support at 170.70 and the solid resistance at 171.60. The...
CADCHF Nears Significant Resistance – June 26, 2024
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CADCHF Price Analysis Recent movements in the CADCHF price have seen multiple corrective bullish waves, pushing above the MA55 indicator and settling near 0.6555. Notably,...
GBPJPY Resumes Upward Momentum – June 26, 2024
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GBPJPY Price Analysis The GBPJPY pair has resumed its upward momentum, achieving additional gains and reaching 202.87. This confirms its adherence to a bullish bias,...
What to Look for When Buying Gold?
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Gold has been a symbol of wealth and a store of value for millennia. Its allure continues to captivate investors, collectors, and those seeking...
Can Gold Be Bought at Spot Price?
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Gold has long been regarded as a safe haven asset, a store of value, and a hedge against inflation and economic uncertainty. Investors, collectors,...