Forex encyclopedia

Random article: Jobless Claims
Jobless claims is an economic indicator used in fundamental analysis of the Forex market. It shows number of people in the USA, who submitted their initial claim for unemployment benefit. The data on initial claims is published every week on Thursdays at 08:30 a.m EST. The statistics on other countries is also published on a weekly basis, but at present are less indicative for experts than the US data. In particular, analysts pay attention to Jobless claims figure in Great Britain, which is published at 08:30 a.m at London time.
Popular article: Renko Trading System
This type of chart is applied in technical analysis, which renders movement of the price in the form of diagonal rows consisting from rectangles (bricks). Each new rectangle is always built to the right from the previous one and its location is higher or below the previous Renko rectangle. Mentioned upward or downward movement of price (for example, each 10 points) is marked by adding rectangle below (above) and to the right from the previous one. Upward movement is indicated by a transparent brick whereas downward movement (below previous value) – by a colored brick.
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