Forex Trading

What Is The PCE Price Index? How Does It Track Inflation?

The purported role of core inflation as describing a less-noisy measure of inflation suggests that it predicts future inflation well, or better than headline inflation. Indeed, recent analysis from the St. Louis Fed’s Michael McCracken and Trần Khánh Ngân finds that core inflation does predict future inflation as well as or better than other measures […]

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Falling Wedge Pattern: What is it? How it Works?

There are many patterns that technical traders employ, the wedge pattern being one of them. This pattern employs two trend lines that connect the highs and lows of a price series, indicating either a reversal or continuation of the trend. To trade descending wedges, traders first identify them by ensuring that the price is making

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Bitcoin Finally Breaks Above Falling Wedge Pattern Heres The Next Target Crypto Breaking on Binance Square

The falling wedge pattern is sometimes compared to other trading patterns. The falling wedge pattern is one of the most significant and commonly observed patterns in technical analysis. The apex of the falling wedge is right around $7000 which is also coincidentally right at a more conservative trendline support. Interesting enough, the apex is also

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What is the Hong Kong-US dollar peg and how does it work? Young Post South China Morning Post

This was the point of departure as between the Hong Kong unit and the Straits unit. Three Chinese note-issuing banks—Hong Kong and Shanghai Banking Corporation Limited, the Bank of China (Hong Kong) Limited, and the Standard Chartered Bank (Hong Kong) Limited—are also authorized to issue Hong Kong dollars, subject to conditions laid out by the

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