As you continue increasing your knowledge about forex trading and the market in general, more and more new concepts and ideas will pop up. This includes a growing range of trading technique and strategies. One such trading strategy which has been around for a very long time in the industry,[…]
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Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. Many foreign investors shy away from Ukraine for good reason. Currency control rules that usually center on domestic transactions apply to businesses and residents, both foreign and domestic within[…]
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As you continue increasing your knowledge about forex trading and the market in general, more and more new concepts and ideas will pop up. This includes a growing range of trading technique and strategies. One such trading strategy which has been around for a very long time in the industry,[…]
Read More »U.S. dollar banknotes. Liu Jie | Xinhua via Getty The U.S. dollar inched higher against a basket of currencies on Tuesday, holding above the near two-week low hit in the previous session, as investors turned uneasy over new coronavirus flare-ups and local lockdowns in some countries. The U.S. Dollar Currency[…]
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As the Central Bank of Nigeria rejigs the forex market as a prelude to rate unification and further devaluation of the naira, currency traders stayed away from the market and refused to submit quotes at the official forex market on Monday. The operators have been threading cautiously since the weakening[…]
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Forex turnover at the Investor and Exporters (I&E) window recorded a reversal on Tuesday, June 30, 2020, as it dropped by 88%, a huge decline from the improved liquidity that was recorded on Monday, June 29, 2020, in the foreign exchange market. This is according to data from the FMDQOTC, an exchange where forex is traded by foreign[…]
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As you gain experience trading the forex market, you will come across an increasing number of terms. One such term is a currency swap. These kind of transactions actually make up for a large amount of the volume traded on the markets, and they are commonly applied in a few[…]
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The Forex Market involves buying, selling, or exchanging currencies from all around the globe. It determines the exchange rates of all global currencies and is the largest financial market in the world with a daily volume of $6.6 trillion in transactions. The participation of Governments, Banks, Global Companies, and Institutional[…]
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Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. One of the most stable economies in the EU, Ireland serves as a major activity hub for forex on the European continent. The Global Financial Centres Index (GFCI) ranks[…]
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Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. The Singapore dollar has faced pressure under a shaky COVID-19 economy. Despite this, it is the 14th most common currency traded around the world. Whether you want to invest[…]
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