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Random article: Philadelphia Federal Index
Business index of the Federal reserve bank, or Philadelphia Federal index represents results of surveying industrial managers of Philadelphia enterprises about their attitude to current economic conditions and further business outlook. The value below zero signalizes about negative trends in the US economy. The index is published on every third Thursday of month at 10:00 a.m EST (New York). Market response to the index is minor. Its growth favorably influences consolidation of national currency. Since the value is published shortly before NAPM index, it is closely watched and then forecast on expected national PMI is made.
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Popular article: Trading the news
Trading the news is one of the easiest and most popular strategies on the Internet. Most of all, it is recommended to novice Forex traders, but many professional traders also trade the news. Its simplicity lures. What could be simpler? The trader looks through the economic calendar, chooses a highly volatile economic news, waits for its release, and then, trades according to the published data. If the rates are worse than expected, the trader sells the currency of the country, where the economic rate is negative and vice versa. However, even despite such simplicity, a trader can fail. The GBP / USD currency pair has always been considered one of the most difficult pairs to forecast, and April – May 2015 confirmed this.
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Fibonacci Spiral and Fibonacci Time Projection
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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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