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Random article: Personal spending
This index shows the amount of money spent to satisfy personal requirements. It has three components: expenses to buy durable goods (furniture, cars, home appliances), expenses for soft goods (food, clothes) and payments for services. To estimate the amount of expenses for buying durable and soft goods, the index “Retails sales” is applied. It is harder to estimate the amount of payment for services, because this value is subject to a constant change, and this value is hard to predict. “Personal spending” value is published monthly after 20th at 08:30 a.m EST (New York) simultaneous with "Personal income". Market impact is moderate. Growth of the index is positive for consolidation of national currency.
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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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