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Random article: Current Account Balance
Current account balance of the state represents the difference between the amount of payments transferred abroad and amounts of payments coming from abroad. If external payments exceeds payments sent to other states and international organizations, then current balance is called active (surplus takes place), in the opposite case it is stated that negative balance emerged (credit balance). Value of current account is published quarterly, in the middle of the month around 10:00 a.m EST (New York). Market respond to published value is minor. Active balance is a positive factor for national currency.
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Popular article: Fibonacci Retracement in Forex
Technical levels are one of the crucial elements of technical analysis on the Forex market. Technical levels represent a certain value approaching which the price faces resistance in further movement. On the chart it is pictured as zone (level), where price went and bounced off later, repeated its movement to the level again and without being able to pass it bounced off. Such approaching and returns can take place on a repeated basis and the more efforts are made, the stronger price level we have.
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