What is FOMC?
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The FOMC, or Federal Open Market Committee, is a branch of the United States Federal Reserve System that is responsible for overseeing the nation’s open market operations. This committee plays a crucial role in setting monetary policy for the U.S. economy, which has a significant impact on various aspects of the economy, such as interest […]
What is the connection between USD value and US inflation?
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The value of the US Dollar (USD) and US inflation are closely connected, as they both relate to the overall health of the US economy. Inflation is the rate at which the general price level of goods and services in an economy is increasing over time, which subsequently leads to a decrease in the purchasing […]
What is the sentiment for forex?
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Sentiment in forex refers to the overall emotional and psychological state of market participants, which can influence price movements in the currency markets. Understanding market sentiment can help traders develop effective trading strategies and capitalize on market trends. Here’s why sentiment is important for forex trading: Impact on price formation: Market participants’ emotions and […]