Monthly Archives: May 2023
What is Traded in Forex: The most actively traded currencies
Written on May 11, 2023 at 11:04 am, by anakin
To be short, the answer is “currencies”. When we want to talk about different types of currencies, we use three-letter symbols to represent them. The first two letters in the symbol tell us which country the currency comes from, and the third letter tells us the name of the currency. For example, USD stands for Continue Reading
What is Forex Trading: A comprehensive overview
Written on May 11, 2023 at 9:37 am, by anakin
Forex is a short term for “foreign exchange,” which means changing one currency to another. Let’s say you’re travelling from France to the United States. You’ll need to change your euros to US dollars. When you go to the bank, you’ll see a big board with names of different currencies and numbers. This board shows Continue Reading
May Futures Rollover Announcement – May 10, 2023
Written on May 10, 2023 at 9:51 am, by anakin
Dear Client, New contracts will automatically be rolled over as follows: Please note: • The rollover will be automatic, and any existing open positions will remain open. • Positions that are open on the expiration date will be adjusted via a rollover charge or credit to reflect the price difference between the expiring and new Continue Reading
Updated Leverage for US Share CFDs – May 09, 2023
Written on May 9, 2023 at 9:36 am, by anakin
Dear Client, To provide the best trading experience possible, VT Markets will modify the available leverage for US share CFDs on 15 May 2023: The above data is for reference only, please refer to the MT4/MT5 software for specific data. Friendly reminders: All specifications for US shares stay the same except leverage. As a result, Continue Reading
United States Non-Farm Payroll: What is it and why is important
Written on May 9, 2023 at 7:16 am, by anakin
What is NFP and Why is Important? The Non-Farm Payroll (NFP) report is a monthly economic release that provides insight into the employment situation in the United States. It is a highly significant economic indicator and is widely used by investors, traders, and policymakers to evaluate the health of the U.S. economy. Impact of Nonfarm Continue Reading
Gross Domestic Product (GDP): Formula and how to use it
Written on May 9, 2023 at 7:06 am, by anakin
What is Gross Domestic Product (GDP) Gross Domestic Product (GDP) is a measure of the economic activity of a country. It is the total monetary value of all the goods and services produced within a country’s borders in a specific period, usually a year. GDP is often used as an indicator of a country’s economic Continue Reading
Federal Interest Rates: 5 ways they affect your money
Written on May 9, 2023 at 6:59 am, by anakin
What is the U.S Federal Interest Rates The Federal Reserve (Fed) sets the interest rates that banks charge each other for short-term loans, known as the federal funds rate. The federal funds rate is the benchmark for other interest rates, such as mortgage rates, credit card rates, and car loan rates. The Fed has two Continue Reading
Federal Funds Rate: What it is and why is important
Written on May 9, 2023 at 6:55 am, by anakin
What is the U.S Federal Funds Rate The U.S Federal Funds Rate refers to the interest rate at which depository institutions lend and borrow money from each other overnight to maintain their reserve requirements set by the Federal Reserve. The Federal Reserve sets a target for the Federal Funds Rate, and then uses open market Continue Reading
Consumer Price Index (CPI): Understanding its importance on the economy
Written on May 9, 2023 at 6:46 am, by anakin
What is the U.S Consumer Price Index (CPI) The U.S Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The CPI is widely regarded as one of the most important economic indicators in the United Continue Reading
Consumer Confidence Index (CCI): 5 ways that the (CCI) can affect you and why it is important
Written on May 9, 2023 at 6:41 am, by anakin
What is the Consumer Confidence Index The Consumer Confidence Index (CCI) is a survey-based economic indicator that measures the level of optimism that consumers have in the economy. The CCI is released monthly and is closely watched by economists, investors, and policymakers as an important gauge of the health of the U.S. economy. Understanding how Continue Reading
