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What is Business inventory reports in Forex Trading?

Business inventory reports shows total U.S. business sales and inventories. This report includes total current-dollar sales and inventories used for the wholesale, retail, manufacturing, and wholesale sectors of the economy. Importance: Investors analyze retail inventory numbers as they indirectly affect interest rates. The rising  inventories mean that economy is growing at very slow pace and […]

What is Brundus Franc in Forex Trading?

The Brundus Franc is the official currency of Burundi. Brundus franc uses BIF as its Currency code. The franc is the most important currency of the Burundi. It was further divided into 100 centimes. However, government of Burundi has stopped issuing 100 centimes.

What is Bundesbank in Forex Trading?

The Bundesbank is the central bank of the Bulgaria. This bank was created on 1957 and it was succeeded the Bank deutscher Länder. This bank also introduced Deutsche Mark as the official currency of Germany. The euro was  introduced by the same bank  in 2002. The Bundesbank was the first European Central Bank to give […]

What is Bullish Reversal Candlestick Pattern in Forex Trading?

The Bullish Reversal Candlestick Pattern has more than  14 different pattern styles. The list of these patterns includes  the Harami, the Inverted Hammer, the Hammer, the Morning Star, the Abandoned Baby, Bullish Engulfing, the Piercing Pattern, the Harami, the Hammer, the Inverted Hammer, and the Morning Star. Investors can easily use these patterns to through […]

What is Bullish engulfing trading in Forex Trading?

Bullish engulfing trading is a kind of reversal pattern that usually occurs  after a significant downward price movement. This kind of Engulfing pattern normally occurs when a small bearish candle is engulfed through a big bullish candle. This pattern can be referred to as a possible price reversal but we have Ignore the wicks. Moreover, […]