The Gross National Product (GNP) is the sum of value produced by the total productive activity of a country in a given time. This concept of the GNP is very useful in economic forecasting, since it tells you what the state of the economy is at any given moment. The more accurate you can get
The Australian Dollar is in a tailspin and there are multiple reasons for this. One of the most prominent is the slowing economy in China. That means fewer goods and services for Australian dollar traders and that means more people borrowing in the United States to pay for those goods and services. That means the
It’s official, the Aussie Dollar is still in a freefall. The Asian economic nightmare has hit us all to the core and the Australian economy looks set to take another step down the tubes. Will the Reserve Bank of Australia (RBA) be able to maintain a loose stance while it deals with this unprecedented economic
For many forex traders, the weekly technical US dollar forecast is a vital part of their trading strategy. The forecast gives them insight into which way the market will move in terms of strength and resistance. This is essential to your success as a trader. There are several ways you can look at the weekly
The technical analysis technique of studying candlesticks is used extensively in Forex trading. Candlesticks are the perfect way to analyze the market since there are over 20 pips in one candlestick. On the chart, every candlestick shows the opening, high, and closing price for a particular time period. For instance, if the investor set the
old Prices Has Shifting Critical Resistance As China, India and Germany Get Ready for European Union (EU) Approval of a Common Trade Program. The European Union (EU) has been pushing the global trade talks towards a free trade area. However, all this comes at a price: The EU is struggling to get enough cooperation from
Candlesticks can be used as technical analysis tools. Unlike a basic line chart, every candlestick shows four data points: The opening price, the high, the middle, and the closing price. Since you’ve only scratched the surface of what candlesticks can show, we’re going to dive into the specifics of interpreting your preferred chart. With that
Are you one of those traders who are having a hard time managing your emotions when it comes to trading Forex? Do you feel like you lose all your money when it comes to trading Foreign Exchange? If this is the case, then you should really consider yourself lucky and take note that trading Foreign
If you really want to be successful in the stock markets and make money trading them, then you need to learn about the top 10 Candlestick Patterns. These patterns are easy enough to learn and understand, yet they can be a huge help in guiding you into making wise investments. So, what exactly are these
Is the S&P 500 on the verge of a big sell off and may see higher levels on post-election stimulus hopes? Well there are a few reasons that the S&P 500 could do this and as a result, you should keep some things in mind. First and foremost, the Dow Jones Industrial Average is at