Tag: foreign exchange
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China’s Unreported Gold Reserves: A Hoard 10 Times Larger Than Publicly Stated
Reading Time: 2 minutes China is quietly accumulating gold reserves at a scale ten times larger than officially reported, revealing a clandestine effort by Beijing to amass substantial holdings. Dominic Frisby asserts that China’s secretive gold hoarding is driven by motives that extend beyond what is publicly disclosed. In spite of China being the world’s…
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The EUR/USD Dynamics Pre-Christmas: Insights from Traders
Reading Time: < 1 minute The foreign exchange market is lively this day before Christmas, and all eyes are on the EUR/USD pair, which has exhibited intriguing momentum throughout the morning, UK time. This sharp climb has sparked various questions regarding the potential direction of the pair in the hours ahead. Speculation abounds about a…
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Navigating Financial Markets: Insights on Gold and GBP/JPY
Reading Time: < 1 minute Investing in Gold (XAU/USD) and GBP/JPY (GJ) is advocated here as essential for navigating financial markets. This advice is rooted in a detailed analysis of price action concerning time and volume. It’s recommended to meticulously study GJ movements between 7:45-8:15 and 8:45-9:15 London time, as well as XAU/USD movements between…
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What are the coins and banknotes with unusual denominations?
Reading Time: 2 minutes A question by User1969J What are the coins and banknotes with unusual denominations? Some coins and banknotes have unusual denominations. For example, there are coins of 4 doubles and 8 doubles in Guernesey, coins of 4 taris in Sicilia, 6 roubles, 15 kopecks, there are banknotes of 3 roubles. These values…
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The Swiss franc (CHF) is the official currency of Switzerland and Liechtenstein.
Reading Time: 3 minutes The Swiss franc (CHF) is the official currency of Switzerland and Liechtenstein. Bank notes are issued by the Swiss National Bank, while coins are issued by the federal Swissmint. Since most European countries have adopted the Euro, the Swiss franc is the only franc still used in Europe. It is divisible…
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The Chinese yuan (CNY) is the official accounting unit of the Democratic People’s Republic of China.
Reading Time: 2 minutes The Chinese yuan (CNY) is the official accounting unit of the Democratic People’s Republic of China. It is also known as the Renminbi, which is the actual name of the currency used in China. The word yuan in Chinese can refer to a lump of silver or round coin. It is used as…