Category: Forex
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One Zero offers forex, securities commissions exemption
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Israeli digital bank One Zero has introduced new measures that will allow customers to manage their bank accounts with virtually no commissions on forex and securities trading. This is one of the latest areas that has become a profitable cash cow for the banking system. According to One Zero estimates,…
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3 Ways to Prevent Forex Trading Addiction
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Many of us are attracted to the world of Forex trading because of the potential for significant gains, along with plenty of opportunities to train the mind and will. For some, the latter comes in second place only because the prospect of big returns is more attractive. There are cases…
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Israel’s forex reserves fell sharply in October
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The Bank of Israel reported that Israel’s foreign exchange reserves at the end of October 2024 fell to $216.074 billion, a decrease of $4.303 billion from their level at the end of September. Israel’s foreign exchange reserves at the end of October 2024 fell to $216.074 billion, a decrease of…
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Monday morning open levels – indicative forex prices for 14 October 2024
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Israel’s forex reserves again hit new record
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Israel’s foreign exchange reserves at the end of September 2024 reached a record level of $220.377 billion, an increase of $2.992 billion from their level at the end of August, which was itself a new record high, the Bank of Israel reported. The level of reserves in relation to GDP…
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Looking ahead in the forex with a technical look at EURUSD, USDJPY and GBPUSD for Oct 7
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The week is off and running. What technical levels are there for the three major currency pairs for this trading day/week? In this video, I outline and explain where traders should focus not only today, but also as the week progresses. Euro against the US dollar: EURUSD fell sharply last…
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Monday morning open levels – indicative forex prices – 07 October 2024
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Premium Forex Watch Recaps: September 30, 2024
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This week our currency strategists focused on the Eurozone CPI update and the US Manufacturing PMI update in search of potential high-quality setups. Of the four scenario/price forecast discussions this week, One discussion arguably saw both financial and technical arguments raised To become a potential candidate for overlay trading and…
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Monday morning open levels – indicative forex prices – 23 September 2024
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Premium Forex Watch Recaps: Sept. 16 – 18, 2024
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Our currency strategists this week focused on the Canadian CPI update and the Australian employment update for potential high-quality setups. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed the raising of fundamental and technical arguments. To become a potential candidate for Trade…
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5000+ Forex Companies Attending Forex Expo Dubai 2024
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The largest gathering of over 20,000 visitors and over 200 exhibitors, making it one of the largest exhibitions in the world, with just two weeks to go until the event kicks off, the excitement is building. Forex Expo Dubai 2024 will bring together top industry leaders, renowned guest speakers and…
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Premium Forex Watch Recaps: Sept. 9 – 10, 2024
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Our currency strategists this week focused on the UK jobs update and US CPI update for potential high-quality setups. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed the raising of fundamental and technical arguments. To become a potential candidate for Trade and…
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Israel’s forex reserves hit record high in August
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The increase was mainly due to a revaluation process that increased reserves by about $4.243 billion, the Bank of Israel reported. Israel’s foreign exchange reserves at the end of August 2024 reached an all-time high of $217.377 billion, an increase of $3.743 billion over their level at the end of…
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Premium Forex Watch Recaps: Sept. 2 – 3, 2024
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Our currency strategists this week focused on the US ISM manufacturing PMI data and the Bank of Canada (BOC) monetary policy statement for potential bullish setups. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed the raising of fundamental and technical arguments. To…
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Shekel rebounds in volatile forex market
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Head of Financial Planning Poria Or Poria: We see the shekel strengthening in the long term. After a sharp decline yesterday, the shekel is rising strongly today against the US dollar and the euro. In late morning interbank trading, the shekel fell against the dollar by 1.01% to NIS 3.685/USD,…
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Why You Shouldn’t “Predict” Forex Price Action
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Sufficient experience in the Forex market may fool some traders into believing that they can completely predict price movements. After all, if you have years of screen time and have dedicated 10,000 hours to developing your analytical skills, it can be tempting to assume that you know the markets inside…
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Premium Forex Watch Recaps: Aug. 27 – 28, 2024
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Our currency strategists this week focused on inflation and GDP data, particularly from Australia and the US, for potential high-quality setups. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed the raising of fundamental and technical arguments. To become a potential candidate for…
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Premium Forex Watch Recaps: Aug. 20 – 21, 2024
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Our currency strategists this week focused on inflation data and flash business surveys, particularly from Canada and the Eurozone for potential high-quality setups. Of the four scenario/price outlook discussions this week, It can be said that only one discussion saw both fundamentalist and technical arguments raised. To become a potential…
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Premium Forex Watch Recaps: Aug. 20 – 21, 2024
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Our currency strategists this week focused on inflation data and flash business surveys, particularly from Canada and the Eurozone for potential high-quality setups. Of the four scenario/price outlook discussions this week, It can be said that only one discussion saw both fundamentalist and technical arguments raised. To become a potential…
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Kenyan banks see forex losses from subsidiaries as shilling strengthens
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Kenyan banks recorded currency losses of about Ksh50 billion in the first half of the year when translating financial statements of regional subsidiaries into Kenyan shillings due to the appreciation of the shilling during the period. The shilling has appreciated by between 19 and 31 percent against the currencies of…