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EUR/USD Price Forecast Update – December 19, 2024
The EUR/USD is showing increased bullish momentum, testing the $1.0400 level. However, it is anticipated that the price will soon encounter negative pressure, which...
CHFJPY Continues to Test Key Resistance Level – Forecast for December 17, 2024
The CHFJPY currency pair has maintained its upward momentum, benefiting from positive signals from the stochastic oscillator. The pair is now pressing against the...
GBP/USD Forecast Update – December 13, 2024
The GBP/USD pair continues to display signs of further downside movement, reinforcing expectations for the persistence of the bearish trend throughout the day. The...
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EURJPY Reaches Target, Bullish Momentum Expected to Continue – Forecast for 12-12-2024
The EURJPY currency pair resumed its upward momentum yesterday after testing the extended support line at 158.80,...
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CADCHF Shows Signs of Reversal, Eyeing Bullish Correction – Forecast for 11-12-2024
The CADCHF pair gained upward momentum this morning, surpassing the previously broken support level of 0.6203 and...
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GBP/JPY Resumes Upward Momentum, Eyeing Key Resistance Levels: Forecast for December 10, 2024
The GBP/JPY currency pair has continued its bullish correction, supported by the 38.2% Fibonacci retracement level at...
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UK consumer spending softens, job ads fall in past week
British consumers' spending on credit and debit cards fell slightly over the past week and the number of job adverts declined, while restaurant bookings...
Common professional terms in virtual currency transactions
Position: refers to the proportion of actual investment and actual investment funds of investors. Full position: All funds to buy virtual currency. Selling: Selling some of...
What is cryptocurrency?
Cryptocurrency is a type of digital currency created through code.They operate autonomously outside the traditional banking and government systems.Cryptocurrencies use cryptography to secure transactions...
What is the international reserve currency?
International reserve currency refers to the international common currency funds held by national governments that can be directly used for international payments.It is the...
What is exchange rate risk？
The exchange rate risk is that the foreign debt borrowed must eventually be converted into foreign currency in the local currency or repaid with...
What is a currency pair?
A currency pair is a foreign exchange transaction rate consisting of two currencies, represented by two ISO codes plus a delimiter, such as GBP/USD,...
Names of the currencies of the world
there are 164 official national currencies circulating around the world. Although the number of the independent countries is 197 plus about five dozen of dependent...
The difference and introduction of M1 and M2
Today, I would like to talk about M1 and M2. M1 and M2 are two words that we often hear, but many people do...
What’s the difference between paper money and money?
1. the difference between (1) Different meanings: money is a commodity separated from commodities and fixed as a general equivalent;Paper money is a mandatory currency...
What is base money?
Base money is defined as the sum of cash held by the public and reserves held by banks.So base money is all the cash...
How to define a world currency?What are the current world currencies?
Which countries are currently the world's currencies? Is the dollar the only real world currency? Is being a reserve currency in IMF Special Drawing Rights the...
Bahrain, the United Arab Emirates raised interest rates by 75 basis points and Saudi Arabia and Saudi Arabia by 50 basis points
Central banks in the Middle East also moved quickly after the U.S. Federal Reserve announced its biggest interest rate hike in nearly three decades. Bahrain's...