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The Forex market has given many people financial independence and a chance to become a millionaire. Having long forgotten about working nine to five, professional traders just launch their terminal and start trading, making huge profits. Of course, due to all the incredible stories of people becoming millionaires, the financial market is a magnet for newcomers who want to get rich quickly. But from the very first seconds, you begin to realize that you're dealing with a complicated matter. You need to understand how to trade onForex and how to reach your goal.
Real average weekly earnings is the market indicator used in fundamental analysis. It is expressed in absolute terms and represents an index in relation to the previous period. The index slightly influences movement of prices, therefore, it is considered supplementary and can act as supportive to such indicators of fundamental analysis as major interest rates or non-farm. Real average weekly earnings accounts for inflation and is calculated in relation to 1982, which was conditionally taken for benchmark. Thus, this fundamental indicator can be considered as the inflation figure, which is caused by increase in earnings. Also it can perform as the indicator of rate consolidation: if increment of major interest rates of Central Bank is expected, then increase of earnings can tell about growth of national currency rate. Publication of data is made simultaneously with publication of Consumer Price Index at 8:30 a.m of New York time, regularly in the middle of every month.
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