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Random article: Consumer Confidence Index
Consumer confidence index (CCI) is the figure showing respond of consumers to current economic situation as well as their expectations or doubts in the future. This figure is used to monitor general conditions of the economy and forecasting employment tendencies. It is calculated since 1967. Monthly the New York-based Conference Board – non-profit research organization under the US Department of Trade and Commerce – surveys 5000 American families to find confidence level of citizens.
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Popular article: Knowing Foreign Currency (Forex) Best Business Ever
The foreign exchange market itself experienced a rapid growth in the early decades of the 70s. As for the cause of the foreign exchange market is growing rapidly, among others are: 1. Movements in foreign exchange rates that experienced significant movement so that it appeals to certain circles to engage in the foreign exchange market. 2. Businesses are getting more global. As business competition gets bigger, companies need to find new resources that are cheaper, and spread all over the world, causing demand for the currency of a particular country. 3. The rapid development of telecommunications in the presence of telephone, telex, fax, internet, has made it easier for market participants to communicate, making transactions easier. 4. Gains earned in the foreign exchange market tend to increase the desire of various parties trying to gain a gain (profit) from the movement of foreign exchange rates.
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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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