On the daily timeframe, CHFJPY: D1 approached the resistance line of the intermediate declining channel and the support line of the previous long-term uptrend. Read more.
Tags : forex
Forex trading is fast becoming a household name in Africa's largest economy as its oil export earnings and international trade exposure increase significantly. Read more.
Bank of Mozambique (BM) suspended Standard Bank Mozambique,S.A from participating on the foreign currency market in that country. Read more.
The rand traded higher yesterday after starting the week on the back foot an avowed US Federal Reserve decision not to raise rates too quickly despite inflationary pressures.
Exchange rate is one of the most sensitive instruments, which can build or completely destroy market confidence alongside interest rate policy.
As a way to mobilise more funds for the auction system, the Reserve Bank of Zimbabwe (RBZ) revised the forex retention threshold in January 2021 resulting in exporters surrendering 40% of their earnings to the Central Bank. Read more.
The government of Zimbabwe has announced the 60% foreign currency retention for the Tobacco farmers as they are approaching the harvest season and the opening of 2021 tobacco auction floors. Read more.
Forex trading can become quite profitable and is a thrilling venture once traders have achieved a decent skill level. However, to get to this level there are few steps they must follow.
What factors affect exchange rates. Read more to find out.
Day trading This can be simply defined as the act of buying a financial instrument with the intention of selling it within the same day. Initial public offering (IPO) An IPO involves a company selling a fixed number of shares on an open market with the purpose of raising funds. These funds are then invested […]
The forex market The forex market is the largest financial market in the world. There are around $5 trillion’s worth of trades executed daily. It is the most easily accessible market in addition to being the most liquid and volatile. Basic terminology Forex or currency pairs: currencies are traded in pairs. There are always two […]
