Understanding New Home Sales
New home sales refer to the process of selling newly constructed residential properties to buyers. These properties can range from single-family homes to condominiums and townhouses
Month: October 2023
Understanding Industrial Production
Industrial production is an essential economic indicator that measures the output of manufacturing, mining, and utilities sectors within a country
Understanding the Unemployment Rate
The unemployment rate measures the percentage of the labor force that is currently unemployed and actively seeking employment. It is calculated by dividing the number of unemployed individuals by the total labor force and multiplying the result by 100
Understanding the ZEW Indicator of Economic Sentiment
The ZEW Indicator is based on a monthly survey conducted by the Center for European Economic Research (ZEW) in Germany. The survey collects data from a panel of financial experts, including analysts and institutional investors, who provide their assessments of the economic situation and expectations for the future
How To Trade Forex With An Economic News Event
As you navigate the world of forex trading, understanding how to incorporate economic news events into your trading strategy is crucial. By staying informed and utilizing fundamental analysis, you can enhance your ability to identify trading opportunities and make more informed trading decisions
Understanding the Commodity Research Bureau Index (CRB Index)
The Commodity Research Bureau Index (CRB Index) is a widely recognized economic indicator that tracks the overall price movement of a basket of commodities
Understanding Initial Jobless Claims
Initial jobless claims refer to the number of individuals who have filed for unemployment benefits for the first time during a specified period
Understanding the Ivey Purchasing Managers Index
The Ivey PMI is an economic indicator specific to Canada. It provides valuable insights into the purchasing activities of Canadian businesses, offering a snapshot of the overall health of the country’s manufacturing and non-manufacturing sectors
Understanding the Westpac-MI Leading Index
The Westpac-MI Leading Index is a widely recognized economic indicator that aims to predict changes in the Australian economy. It is a collaborative effort between Westpac Banking Corporation and the Melbourne Institute of Applied Economic and Social Research
Understanding NFIB Small Business Optimism Index
The nfib Small Business Optimism Index measures the overall optimism and outlook of small business owners regarding the economic conditions, sales expectations, hiring plans, and capital expenditures