Forex Top Team

What Is Forex Trading? Trading guide for the Beginners

Forex trading, also known as foreign exchange trading or currency trading, is the practice of buying and selling currency pairs to profit from fluctuations in exchange rates. The forex market is the largest financial market in the world, with a daily trading volume exceeding $6 trillion. It operates 24 hours a day, five days a […]

What is the PCE Core Deflator and What Forex Traders Need to Know

The U.S. PCE Core Deflator (Personal Consumption Expenditures Price Index) is an indicator that measures price changes related to consumer expenditures. This index is widely used by the U.S. Federal Reserve and serves as a key benchmark for setting price stability goals. The PCE Core Deflator excludes prices for food and energy from the overall […]

What do you need to know about the Philadelphia Fed Index?

The Philadelphia Fed Index, also known as the Philadelphia Fed Manufacturing Business Outlook Survey, is a monthly economic indicator that signifies the health of the manufacturing sector in the Eastern region of the United States. A high index suggests vigorous manufacturing activity in that region, and a low index suggests the opposite. It’s generally considered […]

What should FX traders consider about the Consumer Price Index?

The Consumer Price Index (CPI) is a significant economic indicator that foreign exchange (FX) traders pay close attention to for a variety of reasons. Here are some points that FX traders should consider regarding the CPI: Inflation Indicator: CPI is a widely used measure of inflation. As such, if the CPI is rising, it indicates […]

Why Forex traders need to keep watching Gold price?

Gold prices often have correlations with several financial instruments, which can provide valuable insights for FX traders. Here are some key financial instruments that have a relationship with gold prices: US Dollar (USD): Gold is often negatively correlated with the US dollar. When the US dollar strengthens, gold prices tend to weaken and vice versa. […]

what is the credit criteria in bank lending survey from the European Central Bank (ECB)?

The credit criteria in the bank lending survey from the European Central Bank (ECB) are an important indicator for forex traders, as they provide insights into the lending environment within the Eurozone. The survey assesses the lending standards applied by banks, which include the requirements and conditions that borrowers must meet to qualify for a […]

What is ECB?

The ECB, or European Central Bank, is the central bank for the euro and administers the monetary policy of the 19 European Union (EU) countries that have adopted the euro as their official currency. These countries are collectively known as the Eurozone. Established in 1998, the ECB is headquartered in Frankfurt, Germany, and is one […]