Forex encyclopedia

House Price Index (DCLG HPI) is calculated according to the data collected from the Department of Communities and Local Government. Its calculation uses method of determination of weighted average and price dynamics for a definite period of time. This calculation method is more reliable in contrast to the method of simple averages affected by such collateral figures as location of real estate, shares of various property etc. The index helps to conduct price monitoring of sold residential property. Growth of index is a positive signal for consolidation of national currency. Although market influence of DCLG HPI is inferior, because the data serving its measurement was already published earlier and open for the market.
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Gradual increase in the number of produced goods, component kits and semi-products in warehouses can implicitly tell about stagnancy. Publishing of this figure slightly impacts the Forex market. Nevertheless, upon steady tendency in its dynamics the currency is pressed which leads to drop down of the rate. This figure is published in the middle of every month at 08:30 EST (New York).
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