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XPD ticker stands for palladium. This trading instrument indicates the price of spot contracts for this precious metal expressed in American dollars. The biggest exporters of palladium include the US, Canada, Russia, certain African countries. This means that the price changes of this instrument are tightly connected with the economies of the aforementioned countries. The value of this precious metal is supported by its demand. Palladium is actively used in automotive industry, jewelry, dentistry, electronics.
XPD/USD is characterized by its very dynamic range of fluctuations. In some market formations this instrument can be used for hedging. However, sometimes it loses this useful ability. Spot contracts for gold are recommended for investors who prefer highly intensive kind of trading.
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Monday, January 18th, today’s news—China's economy grew 2.3% in 2020, but the consumer spending fell. …
Read more...The price of gold confirmed the breach of the 1830.00 level after closing last Friday’s …
Read more...The Australian dollar against the US dollar achieved a clear breakout of the support level …
Read more...The pair declined significantly over the past week as the demand for risk assets …
Read more...#PLZL
The global trend is upward. Probably, an upward pattern of the D1 level is …
Read more...The overall trend is downward. The ascending pattern of the H8 level is truncated. …
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