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Random article: Forex Currency Pair | Key Forex Terms
International exchange market (Currency exchange) — is the exchange, where operations on purchase and sale of currency take place between participants of the Forex market; Currency operations – contracts of participants of currency market on purchase and sale and settlement, conversion operations etc.; Currency rate (currency quote) — the price of currency unit of one country expressed in currency unit of another country. Open position – is the trade for purchase/sale, which is not closed and is present on market.
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Popular article: Nonfarm Payrolls Definition
The indicator showing the number of work positions emerged for a month in the USA without account of farm positions is called Nonfarm Payrolls. Farming has too heavy season fluctuations, therefore, it was removed from structure of the present indicator to make the result smoother and more indicating. Payroll represents statement for accruing wages to American hired men. This information is submitted to the US Bureau of Labor Statistics which then published it in the monthly employment situation summary in the USA. This report is issued on the first Friday of each month, at 08:30 EST (New York). The information is collected by state agencies from more than 400 000 non-farm enterprises. It is almost 40% of all existing work positions in the country. This statistics includes new work places created in such branches as construction, transport, real estate, finance, mining industry, trade, services etc.
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Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
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