Forex encyclopedia

Random article: Forex spot gold trading
There is a common misrepresentation that Forex market solely implies currency trading. But along with currency pairs, you can benefit from spot gold trading. Gold has been widely used on markets for a very long time and have not lost its value. First of all, spot gold trading is valuable, because there are not abrupt changes of price. New York and London exchanges are the leading platforms for trading with gold. At the same time, on Forex currency market you can trade spot gold without geographical limitations.
Popular article: Chicago PMI Definition
Purchasing Managers' Index of Chicago (Chicago PMI) represents a summary report of surveying Chicago managers specializing in industrial purchases. Obtained results allow evaluating current conditions of manufacturing orders, inventories as well as price dynamics in this manufacturing field. Should the final value be under “45-50” level, it tells about negative economic tendencies. This index is announced on a monthly basis on the last business day at 10:00 a.m EST (New York). Its market influence is strong, because forecast of PMI published later depend on the index. Growht of Chicago PMI is accompanies by consolidation of national currency.
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