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GBPCAD Achieves Significant Gains – Market Forecast for March 4, 2025
The GBPCAD currency pair has shown notable strength, benefiting from positive factors such as its position within a bullish channel and sustained momentum from...
EURCHF Remains Above Key Support Level – Market Forecast for February 24, 2025
The EURCHF currency pair has recently experienced downward pressure but has managed to maintain positive momentum, closing consistently above the crucial support level of...
EURJPY Faces Decline – Forecast for February 17, 2025
The EURJPY currency pair has struggled to maintain momentum above the 160.25 mark, as it succumbed to the negative pressure from key technical indicators....
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EURGBP Outlook: Bullish Momentum Continues – Forecast for February 13, 2025
The EURGBP currency pair has maintained its upward trajectory, continuing to generate bullish momentum after breaking above...
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USD/CHF Price Seeks Positive Momentum for Further Gains: Forecast for February 11, 2025
The USD/CHF pair is currently holding above the 0.9100 level, but it requires a positive catalyst to...
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India’s Forex Reserves Rise for Second Consecutive Week to $630.6 Billion
India's foreign exchange reserves grew for the second straight week, reaching a total of $630.6 billion as...
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What is foreign exchange and what is foreign exchange
The concept of foreign exchange has a double meaning, that is, there are dynamic and static points.The static concept of foreign exchange is divided...
What is libor interest rate libor interest rate query
We often hear questions about interest rates in the foreign exchange market. In addition to the Fed funds rate cut by the Federal Reserve,...
How long is a foreign exchange pending order valid for?
The foreign exchange pending order is valid until the investor cancels the pending order or the pending order is triggered. If the investor does...
What does foreign exchange trading mean? What is foreign exchange trading?
Foreign exchange (FOREX Trade) is the exchange of one country's currency with another country's currency. Unlike other financial markets, the foreign exchange market has...
Foreign Currency Exchange Rates Today (22-6-2022)
Currencies ISO GBP EUR USD AUD NZD CAD Argentine Peso exchange rate ARS 0.007 0.008 0.008 0.012 0.013 0.011 Australian Dollar exchange rate AUD 0.564 0.655 0.694 1 1.101 0.898 Bahraini Dinar exchange rate BHD 2.155 2.503 2.65 3.821 4.209 3.431 Barbadian Dollar exchange rate BBD 0.406 0.472 0.5 0.72 0.793 0.647 Brazilian Real exchange rate BRL 0.158 0.184 0.194 0.28 0.309 0.252 British Pound exchange rate GBP 1 1.161 1.23 1.773 1.953 1.592 Canadian Dollar exchange rate CAD 0.628 0.729 0.773 1.114 1.227 1 Central African CFA...
WHAT IS AN ENTRY ORDER IN FOREX TRADING?
A forex entry order is an order that is placed at a specified price level for a currency pair. Once this price is reached,...
What is Slippage? Slippage in Forex Explained
Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize...
WHAT IS LEVERAGE IN FOREX TRADING?
Leverage in forex is a useful financial tool that allows traders to increase their market exposure beyond the initial investment (deposit). This means a...
WHAT IS A SPREAD IN FOREX TRADING?
Every market has a spread and so does forex. A spread is simply defined as the price difference between where a trader may purchase...
How to Short Forex: Short Selling Currency Explained
Short selling currency involves taking positions under the pretence of a bearish sentiment. Historically short selling has been used in the commodity markets under...
What does leverage mean in forex trading
Leveraged trading is also called virtual trading and deposit trading.It is investor uses own capital to serve as guarantee, enlarge the financing that offers...
What is the foreign exchange rate quotation
There are several different methods of foreign exchange rate quotation due to different standards.The commonly used marking methods include direct marking method, indirect marking...