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Random 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.
The ability to guess about direction of price in short or long terms is crucial for traders. Forex forecasts are made by thousands of experts throughout the world, though not all of them are successful. If you wish to achieve success in Forex market, you need to know which factors influence currency market rates.
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