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Random article: New Home Sales Index
New home sales is a macroeconomic indicator showing the volume of sold or recently pitched homes purposed for one household. It tends to grow along with major currency rates, because rate on loans secured on real property also increases. As real estate market, value of this indicator is subject to season flucutaions. To mitigate this factor, “moving averages” are often applied in the process of analyzing this indicator.
Forex market has its driving forces. Such forces are participants of market. For clarity, it is accepted to divide them into several types: bulls, bears, pigs, rabbits, hogs, lambs. In this zoo, driving forces are exactly bulls and bears. Their clear intentions and determination can greatly influence currency rates. This terminology was adopted from stock market, where emotions play not the last role in movement of quotes, thus, analogy with animals and their typical behaviour provides a clear idea on psychology of market participant.
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