Forex encyclopedia

Export Prices Index is one of the figures applied in fundamental analysis of the market. It renders change of exported goods for a month, and as import prices, act as indicator of inflation. Upon exportation of goods, an exporter pays state a certain amount to support economic stability of the state. However, a number of export tariffs can be decreased or removed. Purpose of such a removal is supporting competitive ability of exported goods on global market through declining its cost.

Elliot Wave Theory as mathematical theory about identifiable models determining behavior of society or financial markets was offered by Ralph Nelson Elliot in 30-s of 20th century. Elliot distinguished eight models that are regularly repeated. At present, one can say that results of Elliot's observations for market are “fractal”, but this term came later from theory oh chaos, although Elliot defined that theory by describing components of wave theory and their interrelation. The first book of Ralph Elliot “The Wave Principle” came off the press in 1938. Then in the beginning of 1939 Elliot write 12 articles by order of “Financial world” magazine and in 1946 year he united all his works in the final writings “Nature’s Law — The Secret of the Universe”, and this books becomes the best of his works.