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Forex

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Forex Market: GBP/BGN trading outlook for March 7th

Forex Market: GBP/BGN trading outlook for March 7th Friday’s trade saw GBP/BGN within the range of 2.5147-2.5336. The pair closed at 2.5292, edging down 0.06% on a daily basis. It has been the 11th drop in the past 22 trading days and also a second consecutive one. The daily low has been the lowest level […]

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Forex – Pound slides lower against stronger greenback

Forex – Pound slides lower against stronger greenback Investing.com – Investing.com – The pound slid lower against the U.S. dollar on Friday, as sentiment on the greenback improved ahead of highly anticipated data on U.S. nonfarm payrolls due later in the day. GBP/US hit 1.4130 during European morning trade … Continue reading at moneycontrol.com Forex […]

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Zenith Bank Takes Lead in Forex Allocation from CBN

Zenith Bank Takes Lead in Forex Allocation from CBN Bank returns on the utilisation of foreign exchange bought by commercial banks from the Central Bank of Nigeria (CBN) last week have shown that Zenith Bank Plc with $ 23,006,130.65 reported the highest amount of forex purchased for its customers. The … Continue reading at thisdaylive.com […]

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Forex Market: AUD/USD trading outlook for February 22nd

Forex Market: AUD/USD trading outlook for February 22nd Friday’s trade saw AUD/USD within the range of 0.7065-0.7164. The pair closed at 0.7150, shedding 0.10% on a daily basis. It has been the 7th drop in the past 15 trading days and also a second consecutive one. The daily low has been the lowest level … […]

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Forex – Yen slightly weaker in light Asian data day

Forex – Yen slightly weaker in light Asian data day Investing.com – Investing.com – The yen was a tad weaker in Asia on Friday with a relatively light data day in the region. USD/JPY changed hands at 113.28, up 0.02%, while AUD/USD traded at 0.7150, down 0.10%. The Reuters Tankan Index for February came in […]

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Forex Market: EUR/USD daily trading outlook

Forex Market: EUR/USD daily trading outlook Yesterday’s trade saw EUR/USD within the range of 1.1120-1.1196. The pair closed at 1.1143, shedding 0.11% on a daily basis. It has been the 16th drop in the past 32 trading days and also a third consecutive one. The daily low has been the lowest level … Continue reading […]

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Companies opt for complex strategy as covering forex risk through forward deals becomes expensive

Companies opt for complex strategy as covering forex risk through forward deals becomes expensive MUMBAI: Rattled by choppy markets, companies with cheap dollar loans are knocking on the doors of banks to cut derivative deals to protect their books. Volatile equity prices coupled with rumours of high-street European banks imploding and China … Continue reading […]

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What is Forex Trading and How Do You Get Started?

What is Forex Trading and How Do You Get Started? Forex Trading is a great way to invest if you are interested in being proactive with your money and want the fun of managing your investments hands-on. Forex means ‘foreign exchange’. You are investing in a currency pair and betting that one currency will … […]

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