Understanding ECB’s Key Interest Rates
The ECB’s key interest rates are instrumental in shaping monetary policy and have a significant impact on the forex market
Month: October 2023
Understanding the Governing Council
Governing councils are typically associated with central banks or other regulatory bodies. These councils consist of a group of individuals who are experts in economics, finance, and monetary policy
Understanding the Eurogroup
The Eurogroup consists of finance ministers from the member countries of the Eurozone, which encompasses 19 European Union (EU) member states that have adopted the euro currency
Understanding the European Union (EU)
The European Union (EU) is an institutional framework that facilitates cooperation and coordination among its member countries. It was established with the signing of the Maastricht Treaty in 1992, although its roots can be traced back to the aftermath of World War II
Understanding the European Free Trade Association (EFTA)
EFTA is an intergovernmental organization that promotes free trade and economic cooperation among its member countries. It was established on January 4, 1960, with the signing of the Stockholm Convention
How to Trade New Zealand’s Inflation Rate
The New Zealand inflation rate is a critical economic indicator that can significantly influence forex trading. When the inflation rate in New Zealand is high, it can lead to a decrease in the value of the New Zealand dollar (NZD)
How to Trade the US JOLTS Report: A Comprehensive Guide
The Job Openings and Labor Turnover Survey (JOLTS) is a monthly report released by the U.S. Bureau of Labor Statistics (BLS)
How to Trade the US ISM Services PMI: A Comprehensive Guide
The ISM Services PMI (Purchasing Managers’ Index) is an economic indicator that measures the activity level of the services sector in the United States
Understanding the ISM Manufacturing Survey (PMI)
The ISM Manufacturing Survey (PMI) is a key economic indicator that measures the performance of the manufacturing sector in the United States
Understanding MBA Mortgage Applications
MBA mortgage applications refer to the data collected by the Mortgage Bankers Association (MBA) on a weekly basis. These applications include requests for new mortgages, as well as applications for refinancing existing mortgages