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Is it important to know major banks' FX positions?
Knowing major banks' FX positions can be important for certain traders, as it provides insights that can help identify low-risk, high-reward, and high-probability entry points in the market.
Continue Reading at Looking for Major Banks FX Positions? This Premium Tool Will Help You
Are there any correlations between stock market indices and currencies?
As a matter of fact, yes. For instance, there is often a correlation between the rise of the US Dollar and strong gains in stock indices like Dow Jones, NASDAQ, and S&P500. Similarly, a correlation has been observed between the Nikkei stock index and the Japanese Yen.
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How does forex market manipulation works?
Forex market manipulation involves trying to influence other traders' behavior to gain an advantage and potentially cause losses for others. Manipulators seek to control market prices, particularly in currency pairs, by pushing prices in their favor while leaving other traders with losing positions.
Continue Reading at Forex Manipulation Strategy: All You Need to Know
What is PMI data in forex analysis?
Purchasing Managers Index, or what is known as PMI, is an economic report that draws conclusions from business surveys and indicates the business climate in a certain country during a particular period. They usually survey several private companies in the country and track indicators like new orders, production, employment, supplier deliveries, etc. In this regard, PMI is often seen as more comprehensive and useful than ordinary economic data such as GDP (Gross Domestic Product).
Continue Reading at Guide to PMI Data in Forex Analysis