Category: Forex
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Japan ‘deeply concerned’ about rapid, one-sided forex moves, finance minister says By Reuters
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TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday that authorities were “deeply concerned” about the impact of “rapid and biased” foreign exchange movements on the economy, with the yen falling to a 38-year low above 161 yen. per dollar. Speaking at a regular news conference, Suzuki said…
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Premium Forex Watch Recaps: June 24 – 25, 2024
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Our forex strategists were feeling the comdolence this week, focusing on key inflation updates from Australia and Canada. Of the four scenario/price outlook discussions this week, Two discussions saw both financial and technical arguments raised To become a potential candidate for risk management. Check out our review of this discussion…
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Premium Forex Watch Recaps: June 17 – 18, 2024
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Our Forex strategists discussed the settings regarding the monetary policy statement from the Reserve Bank of Australia, and the latest inflation updates from the UK. Of the four scenario/price forecast discussions this week, Only one discussion saw both financial and technical arguments raised To become a potential candidate for a…
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3 Steps to Take When Pressing Your Forex Trades
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One of the most useful skills in forex trading is knowing when to press your advantage. This could be in the form of increasing reward-to-risk ratios by adding to winning positions or even just signing in more trades. Pressing your advantage is a good skill to have, but sometimes this…
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Top 6 considerations when trading Forex
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Foreign exchange trading, or Forex, can be a highly profitable endeavor, but it also comes with significant risks. As the world’s largest financial market, Forex trading involves buying and selling currencies in pairs, such as EUR/USD or GBP/JPY, and profiting from fluctuations in exchange rates. Success in forex trading requires…
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Premium Forex Watch Recaps: June 10 – 12, 2024
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Our forex experts targeted this week’s UK jobs update and FOMC statement for potential short-term opportunities to watch. Of the four scenario/price forecast discussions this week, The two arguably saw both financial and technical arguments raised To become a potential candidate for a risk management overlay. Check out our review…
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China’s Wuhan Tianyu says inclusion on US sanctions list may impact forex transactions By Reuters
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BEIJING (Reuters) – Chinese information industry firm Wuhan Tianyu said on Sunday that the United States’ inclusion of it on the sanctions list was a “unilateral” act that could affect the data security company’s foreign exchange settlements. The US Treasury Department on Wednesday expanded sanctions aimed at curbing Russian military…
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The Most Dangerous Emotion for Forex Traders
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“A greedy person and a poor person are actually the same thing.” The Swiss proverb above couldn’t be truer for us traders. As you know, many Forex traders (and their accounts) have suffered because of greed. In fact, this is the case with the proverb “Bulls and bears make money.…
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5 Common Trading Psychology Mistakes Forex Newbies Make
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Before you open a real Forex account, you should learn about the most common mental mistakes new traders make. You’ll probably keep making them anyway, but at least you’ll realize that you’re making them which makes it easier to correct them. 1. Overconfidence Trading for a living can be a…
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FP Markets Slashes Spreads on Gold, Major Forex Pairs, and Equity Indices
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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Spain’s CNMV Warns of 8 Unregistered Forex, CFD Firms
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Spain’s National Securities Market Authority (CNMV) has issued new warnings about eight financial companies promoting investment services without proper registration. These companies lack a license from the CNMV to operate in Spain legally. Spanish CNMV flags 8 unregistered Forex and CFD entities The CNMV stated that the companies mentioned in…
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Spain’s CNMV Warns of 8 Unregistered Forex, CFD Firms
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Spain’s National Securities Market Authority (CNMV) has issued new warnings about eight financial companies promoting investment services without proper registration. These companies lack a license from the CNMV to operate in Spain legally. Spanish CNMV flags 8 unregistered Forex and CFD entities The CNMV stated that the companies mentioned in…
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Premium Forex Watch Recaps: June 4 – 6, 2024
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With two major central bank statements released this week, it was easy for forex strategists to focus on the Canadian dollar and the euro this week as the key markets to watch. Among the four scenario/price forecast discussions, The two arguably saw both financial and technical arguments raised To become…
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Israel’s forex reserves back on the rise
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Israel’s foreign exchange reserves at the end of May 2024 amounted to $210.508 billion, an increase of $2.399 billion from their level at the end of April, the Bank of Israel said. Israel’s foreign exchange reserves at the end of May 2024 amounted to $210.508 billion, an increase of $2.399…
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Premium Forex Watch Recaps: May 28, 2024
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With expectations for a less volatile week, our strategists slowed the trading pace slightly with just two Forex market discussions surrounding the release of the Australian CPI. Among the two discussions One scenario/price forecast saw both financial and technical arguments being raised To become a potential candidate for a risk…
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Russia eases forex sales requirements for contracts in roubles By Reuters
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MOSCOW (Reuters) – The Russian government has eased requirements for mandatory foreign currency sales for exporters if more than half the value of their contracts is paid in rubles, according to changes to a government decree. President Vladimir Putin signed a decree in October reimposing capital controls, affecting dozens of…
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Russia eases forex sales requirements for contracts in roubles By Reuters
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MOSCOW (Reuters) – The Russian government has eased requirements for mandatory foreign currency sales for exporters if more than half the value of their contracts is paid in rubles, according to changes to a government decree. President Vladimir Putin signed a decree in October reimposing capital controls, affecting dozens of…
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Diving into the world of forex trading – what you need to know
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When it comes to investment opportunities in Kenya, Foreign exchange trading It still proves to be one of the most attractive. Thanks to the Capital Market Authority’s (CMA) frameworks, traders benefit from strong protections and a level of transparency that is the envy of other parts of the world. If…
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3 Ways to Identify Your Forex Trading Strengths
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Most trading psychology articles focus on reducing weaknesses rather than identifying and improving strengths. This is probably because there is a common idea that when you address your weaknesses you automatically improve your trading performance, but this is not always the case. This time, let’s focus on a different approach…
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Premium Forex Watch Recaps: May 20 – 23, 2024
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Central bank events and global PMIs were the main drivers this week, prompting our traders to cover a wide range of currencies, with a heavy focus on the US dollar. Out of six discussions, Three scenario/price forecasts saw both financial and technical arguments raised To become a potential candidate for…