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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: New Housing Price Index
New Housing Price Index (NHPI) – this economic indicator enables tracing change in prices for building new houses in Canada. NHPI reflects fluctuation dynamic of prices of transactions between contractor and purchaser in the moment of buying of a new house. The index helps to trace changes in price for similar houses. Prices submitted by vendors (or building companies) serve for measurement of this figure. Those market price do not account for taxes or prices for supplementary goods and services. Index publication has a limited impact on the market. Its growth is favorable for consolidation of national currency.
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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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