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Random article: Productivity
Productivity index represents production output of the state per one worker. This index is widely applied in analysis of current economic conditions of the state. Productivity value is published once every three months, till 10th of every month at 08:30 a.m EST (New York). Market respond to publication is rather significant. Though sometimes this value is able to misguide about real economic conditions. For example, during strikes or under stagnancy the number of employees decreases leading to growth of productivity despite negative processes in the economy. As for the rest, growth of index is positive for national currency and progressive development of the economy.
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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 “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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