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Understanding the Impact of Petrodollars
Petrodollars refer to the revenues earned by oil-exporting countries through the sale of petroleum. These revenues are typically denominated in U.S. dollars, as oil is predominantly traded in this currency
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Understanding PCE Price Index
The PCE Price Index, or Personal Consumption Expenditures Price Index, is a measure of inflation that reflects changes in the average prices paid by consumers for goods and services
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Understanding Pending Home Sales
Pending home sales refer to the number of homes that have a signed contract but are still in the process of closing. These sales are considered a leading indicator of the housing market, providing insights into future home sales activity
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Understanding Purchasing Managers Index (PMI)
The Purchasing Managers Index (PMI) is an economic indicator that provides insights into the manufacturing and services sectors of an economy
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Understanding Producer Price Index (PPI)
The Producer Price Index (PPI) is one of the key economic indicators that forex traders closely monitor. It measures the average changes in the prices received by domestic producers for their output over time
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Understanding Perpetual Futures
Perpetual futures, also known as perpetual swaps, are a form of derivative contract that allows traders to speculate on the price movement of an underlying asset without owning the asset itself
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Understanding Pips
A pip, short for “percentage in point,” is a unit of measurement used in trading to quantify the smallest price movement in a currency pair or a stock
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Understanding Pennants: A Powerful Chart Pattern
A pennant is characterized by its distinct triangular shape, which resembles a pennant flag, hence the name. It is formed by two converging trend lines that connect the highs and lows of the price action