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Random article: DCLG HPI (House Price Index)
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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Popular article: Forex traders’ psychology: buyers and sellers
Forex market has its driving forces. Such forces are participants of market. For clarity, it is accepted to divide them into several types: bulls, bears, pigs, rabbits, hogs, lambs. In this zoo, driving forces are exactly bulls and bears. Their clear intentions and determination can greatly influence currency rates. This terminology was adopted from stock market, where emotions play not the last role in movement of quotes, thus, analogy with animals and their typical behaviour provides a clear idea on psychology of market participant.
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