Forex encyclopedia

The main feature of global Forex market is that there is no centralized ground for holding trades as it for example takes place in stock market. All market players (banks, investment funds, hedge funds, insurance companies, brokers etc.) work in different time zones around the globe. As the result, rate fluctuation keep going all the time. Official time of market operation is 24 hours, 5 days a week from 8 p.m on Sunday till 11 p.m of Friday (UTC/GMT). Exception is state holidays when all financial bodies are out of duty. On holidays Forex market works unofficially as well but because of the low liquidity and activity volumes, it is rather hard to find liquidity suppliers on the market. During that time all financial operations take place between various financial entities, banks and more often upon urgent issues.

Sales of existing homes is the indicator helping to trace the number of sold houses per year on the existing home market. Also it can assist in forecasting about current confidence of buyers (consumer optimism) and their sentiment to buy precious assets. Index value is subject to great season fluctuations characterizing real estate market. Increase in volume of construction is closely related with the growth of income of population and is favorable towards economic growth. The data on the amount of sol houses is published on the fourth week of every month at 10:00 EST (New York). Market respond to this index is weak. Index growth is a positive factor for consolidation of national currency.