Forex encyclopedia

Random article: Candlestick Chart Patterns

For a beginner, learning Candlestick charting can be a daunting task with so many formations to remember. But, in reality, a trader can can dismiss all of continuation formations as well as many reversal ones. These days, any trader can rely on just four Candlestick Reversal Formations to survive the market. The four of them are: 1. Harami or Inside Bar In this formation, the current candle/bar open and close within, or enclosed by, previous candle range, as shown by the following picture:

Popular article: Employment Cost Index Definition

This economic index is measured for wages and unemployment benefits in the USA. It can tell about occurrence of inflation processes in the state economy. FRS closely watches this indicator and based on its value adjusts its financial policy, which confirms its high significance. The Index is published quarterly, at 20-s, at 08:30 a.m EST (New York). Published data is used for middle- and long-term forecast. Rise in index in the period of expectations of growing major interest rates leads to consolidation of national currency.

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