What is Initial Jobless Claims in Forex Trading?
There are two types of jobless claims, initial and continuing. Initial jobless claims measures the number of people filing for unemployment benefits or insurance for the first time during the last week. Continuing jobless claims comprise of people who have been getting joblessness benefits for a while. The jobless claims are most important indicators on […]
What is Inflation in Forex Trading?
It is general increase in price of goods and services over a certain period of time. When the general price of goods and services rises, each units of currency buys fewer goods and services. Consequently, inflation reduces the purchasing power because value of currency is depreciated. Inflation is categorized into three types, cost push inflation, […]
What is Industrial Production and Capacity Utilization in Forex Trading?
Industrial production and capacity utilization measures the economic health about the total amount of production by industry grouping, most broadly for mining, manufacturing and utilities. The report contains data for previous month, for example data of March is released in month of April. The report of industrial production and capacity utilization is based on employment […]
What is in-Neck in Forex Trading?
It is rare candlestick pattern that is formed by a tall big real bodies down candle followed by a small body up candle that gaps down on open but ends near the prior candle close. This pattern is called in-neck because two candles close at almost same price forming a horizontal neckline. It is continuation […]
What is Industrial Production Japan in Forex Trading?
Industrial production Japan is calculated on monthly basis from 1954 to till now. The data reached all-time low of -34.7% in February 2009 and all time high of 30.1% in February 1960. Recently industrial production drop by 3.7% in February 2020, following a drop of previous month 2.4% in January. The data of industrial production […]
What is Indonesian rupiah in Forex Trading?
Rupiah is an official currency of Indonesia with currency code IDR and symbol Rp. The currency is issued and controlled by Bank Indonesia. The Indonesian currency was introduced in 1946 by a national hero fighting for freedom and independence. In its early years, rupiah was also used in unification with other currencies. The frequently used […]