Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole. Inflation has long been a serious enemy to economic growth and the world’s central banks constantly try to keep inflation in check by adjusting monetary policy. Inflation can influence currency exchange rates considerably and perception on inflationary trends is one of the basic items affecting central bank monetary policy. Central banks tend to fight inflation by adjusting interest rates as a key part of their...
What traders should know about forex market hours is that you are able to buy, sell, exchange and speculate on currencies 24 hours a day, five days a week. Indeed, as some markets are closing for the night, others are opening somewhere else since forex trading hours are overlapping currencies are being traded continuously. In other words, forex trading almost never stops. Forex traders new to the world of foreign exchange tend to think that since the market is open 24 hours a day they can trade whenever they choose during the day; that is...
On Sunday, the Greeks for the second time in six weeks will go to the polls to choose new leadership. The outcome of elections in that European country can be the future of the euro area and the health of the global economy as well. Why these elections are so important? Re-elections will be a kind of referendum on membership of Greece in the euro area. If people will choose Parliament most of places in which will consist of members who are opposing the austerity measures, international creditors may cease to provide rescue loans. The...
Most people decide to start the New Year with special New Year’s resolutions. While it has been statistically proven that most resolutions do not last very long, it is a good idea to review the past year and understand why those resolutions have been made. It can often point out areas where improvements are required. Today is the first trading day of 2014 and forex traders may want to think about areas where their trading needs to be improved in order to generate better results. A good trader understand the importance of making minor...
