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MARKET NEWS:
- EUR/USD rises 0.3% after ECB signals potential rate hike in June
- USD/JPY falls as Bank of Japan considers policy normalization
- GBP/USD reaches 1.2850 following strong UK employment data
- Gold prices hit new record high amid geopolitical tensions
- Fed minutes indicate cautious approach to future rate cuts
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What does NFP stand for? Definition and why it matters in finance – Expert’s insight
NFP stands for Non-Farm Payrolls, a key U.S. economic indicator. As a forex trader or someone curious about market-moving news, you've likely stumbled upon the term NFP. But what does NFP stand for, and why does it command so much attention every month? In this expert guide, you'll discover not...
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What is a direct quotation? Clarifies its role in Forex
Are you exploring what is a direct quotation and its significance in Forex trading? This is a fundamental yet incredibly important concept that helps you accurately interpret exchange rates, especially when you're new to the market. This article will thoroughly explain direct quotation, how it's presented, and why mastering this...
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What is leverage in Forex trading? A simple explanation for beginners
Are you seeking to understand what is leverage in forex and how it could significantly alter your trading journey? Leverage is a pivotal concept in the Forex market, presenting the opportunity to amplify potential profits from even minor currency fluctuations. However, it's crucial to understand that leverage is a double-edged...