Hope you're fine and you start to collect forex fruits... Today I wish to publish on this blog some education materials...
US Building Permits figures are expected Today...on 12:30 GMT....
WHAT ARE THE "BUILDING PERMITS"?
Building Permits is an indicator used to measure current data on new residential constructions and additions, alterations and renovations to existing residential buildings. The Building Permits Survey produces estimates of the number of permits issued for new housing units each month. This is done through a mail survey of major metropolitan cities within the US, as well as selected rural areas according to guidelines set forth by the Census Bureau. Building Permits provide an accurate estimate of construction on future projects, as the requesting of a Building Permit is the first step to the construction of any new residential structure. The monthly data is considered an accurate estimate of Building Permits nationwide. Building Permits data is used by the Federal Reserve Board to economic conditions both regionally and nationally.
Price indicators...
Relative Strenght Index(RSI): The RSI Measures the ratio of up-moves to down-moves and normalizes the calculation, so that the index is expressed in a range of 0-100. If the RSI is 70 or greater, then the instrument is assumed to be overbought ( a situation in which prices have fallen more then the market expectations)...
In The FREE Mini Course You Will Learn...
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Forex.DelijaWorld.com
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