Average Hourly Earnings (MoM) is a key economic indicator that measures the percentage change in the average hourly wages paid by businesses in a country, excluding the agricultural sector, compared to the previous month. It’s a vital piece of information in the forex market for several reasons: Impact on Inflation: Higher wages can lead to […]
The relationship between currency prices and news releases can be interesting. It’s not always a simple case of the price moving in one direction after the news hits. Here’s what can happen: So, the currency can definitely move before the news is released, and the news itself can trigger further movement, but the direction of
Forex news with actual data compared to forecasts and previous readings can significantly impact the foreign exchange market. Here’s how: Impact on Exchange Rates: Example: Imagine a news release on US Gross Domestic Product (GDP) growth. Volatility and Speculation: Importance of Following the Calendar: Remember: News that need to watch out closely.
In forex news, “tentative” refers to the uncertainty surrounding the exact release time of a particular economic data or event. It doesn’t have anything to do with the content or impact of the news itself. Here’s a breakdown of what “tentative” means in this context: Here are some resources where you might see “tentative” used
Forex news refers to information and events that can impact the foreign exchange market, also known as Forex or FX. These events and reports influence the values of various currencies relative to each other, offering potential trading opportunities. Here’s a breakdown of what constitutes forex news: Economic Data Releases: Geopolitical Events: Market Sentiment: Other factors:
The S&P 500 Index: A Comprehensive Overview What is the S&P 500 Index? The S&P 500 Index, or Standard & Poor’s 500, is a market-capitalization-weighted index of 500 of the largest publicly traded companies in the United States. It is considered a leading indicator of the US stock market’s overall performance. Key Points: Why
Nasdaq is an acronym that originally stood for the National Association of Securities Dealers Automated Quotations. Today, it primarily refers to the Nasdaq Stock Market, a major American stock exchange. The Nasdaq 100 Index is a stock market index that tracks the performance of the 100 largest, most actively traded non-financial companies listed on
The Dow Jones Industrial Average: A Deep Dive What is the Dow Jones Industrial Average (DJIA)? The Dow Jones Industrial Average, often simply referred to as the “Dow,” is a stock market index that tracks the performance of 30 large, publicly owned companies trading on the New York Stock Exchange (NYSE) and Nasdaq. It’s considered
Copy trading allows you to replicate the trades of more experienced traders, potentially profiting from their strategies without needing in-depth market knowledge yourself. Here’s a breakdown of how copy trading works: Concept: Benefits: Drawbacks: Important Considerations: Is Copy Trading Right for You? Copy trading can be a good starting point for beginners, but it’s not
A funded trader is an individual who manages a forex trading account funded by a proprietary trading firm (prop firm). Prop firms provide capital to qualified traders in exchange for a share of the profits generated. Here’s a deeper look at funded traders and the concept of funded accounts: How it Works: Benefits of Being
