What is Inverted Hammer in Forex Trading?
It is Japanese candlestick pattern found at downtrend and usually signal a reversal trend. It is called shooting bar, if found at uptrend. The pattern is comprises of short lower body and long upper wick, which is twice the size of the body. The body of the candle is formed at lower end with no […]
What are Special Drawing Rights in Forex Trading?
These are supplementary foreign exchange reserves maintained by International monetary Fund. It represents a claim that currency of member countries of IMF may be exchanged. The special drawing rights were shaped in 1969 to increment a deficit of preferred foreign exchange reserve assets namely US dollar and Gold. The currency code for special drawing rights […]
What is Inventories Australia in Forex Trading?
The inventories Australia grew by 0.3% in three months to December 2019. This was the first rise in Australian inventories since the last year. The business inventories in Australia fell by 1.3% in fourth quarter of the year but overall stock held by the firms in Australia is increased by 118 AUD million in 4th […]
What is Intraday Position in Forex Trading?
It refer to trade of securities that traders only hold during the regular business hours and close at the end of the trading day. Such kind of trade is called intraday position. The intraday traders pay close attention even on little price movement of market in an attempt to get benefit from short price fluctuations. […]
What is International Merchandise Trade Canada in Forex Trading?
The international merchandise trade Canada measures the difference in value of Canadian imports and exports goods and services excluding the tangible assets. Data of imports and exports gives an important reflection of economic growth. If steady demand for Canadian exports is seen, it reflects positive numbers for balance of trade and economic growth. The date […]
What are Interest Rates in Forex Trading?
Interest rate is percentage or amount charged by the lender for the use of its money. Anybody can provide money and charge interest rate on principal amount, but its banks that do it the maximum. The banks also borrows money in form of deposits and pay you interest rate on your money. They do this […]