There are several misconceptions associated with the Forex market that can create doubts and distrust among traders. It’s important to address these misconceptions and separate fact from fiction
The Job Openings and Labor Turnover Survey (JOLTS) is a monthly report released by the U.S. Bureau of Labor Statistics (BLS)
The ISM Services PMI (Purchasing Managers’ Index) is an economic indicator that measures the activity level of the services sector in the United States
The ISM Manufacturing Survey (PMI) is a key economic indicator that measures the performance of the manufacturing sector in the United States
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
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
Industrial production is an essential economic indicator that measures the output of manufacturing, mining, and utilities sectors within a country
The NAHB Housing Market Index (HMI) is a widely recognized economic indicator that measures the confidence and sentiment of home builders in the United States
Trade balance refers to the difference between a country’s exports and imports over a specific period. It is a key component of a country’s balance of payments, which measures all financial transactions between that country and the rest of the world
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
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
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
Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.
Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.