As a reserve currency, the GBP stands at fourth, while the Japanese Yen is third, after the US Dollar and the Euro. Meanwhile, Japan’s GDP is more than $5 trillion, ranking it third among world economies. The UK’s GDP is $2.9 trillion globally, making it the fifth largest economy. It’s precisely the globalization and influence […]
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A career in trading can be both profitable and risky at the same time. Achieving stability can be helped by it if it is done correctly. The tools traders use to reduce risks help them recognize signs of a stock market change so they can act accordingly. Traders can benefit from indices as one of
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In FX markets, mean reversion involves the idea that asset price volatility and historical returns will eventually revert to the long-run average after all data points are considered. Several factors can affect this mean level, including economic growth, volatility of stocks, P/E ratios of stocks, or industry average returns. It is not only asset prices
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The dollar tumbled to a three-week low against the yen on Thursday after Federal Reserve Chairman Jerome Powell eased investor concerns about continued aggressive monetary tightening. The US currency fell to 135.105 yen, its lowest level since July 6, after the Fed raised interest rates by 75 basis points, as expected, to bring them closer
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With US interest rates hike this week and growing uncertainty about the future path of the Fed’s tightening policy, the dollar held onto a two-decade high on Tuesday. In contrast, a recent cut in gas supplies to Russia put pressure on the euro. Today, the US Federal Reserve begins a two-day meeting and is expected
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Forex Compounding: Many traders strive to build a consistent and stable account that will give them the best returns. Building a program that adds a profit to your investment portfolio every time you make a profit is an excellent way to grow your forex trading account. This way, even the most minor accounts can grow
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In the world, there is no trading market more prominent than the forex market. It is open 24 hours a day, five days a week. It also has the highest degree of volatility, which makes it a market with more significant profit potential. Typically, a forex currency pair includes the United States dollar and other
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During the European session, the GBP/USD forecast remains bullish as the cable looks to stay above the 1.20 psychological mark. The pair closed the week below 1.20 but started the last week of July with an upside momentum. At the time of writing, the pair is trading at 1.20399. Shaky greenback One of the main
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You might think forex trading is relatively easy, but it is not. Beginners can understand the complex trading process and often make mistakes, can’t they? There is no denying it (including rookie traders). Become familiar with the trading environment before you go. Several useful forex hacks, tricks, or methods are presented in this article, which
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Forex traders are interested in staying active throughout the year, even when market conditions change. If you’ve researched and adjusted your strategy, forex trading possibilities exist in either booming or bear markets. Understanding the elements affecting price movements is the key to trading in any market. When you have the right tools available, volatility can
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