U.K card purchases went down by 35% below pre-pandemic levels in the second week of January, according to the Office for National Statistics, press release. Spending on credit and debit cards was 4% higher than in February, the month before the pandemic struck. The decline in consumer spending reflects the impact of tightened lockdowns in controlling the coronavirus and … [Read more...] about U.K had 35% Plunge in Consumer Spending, New Card-Purchase Data Shows
U.S. Jobless Claims Fell, But Remain Higher than Pre-Crisis Levels
U.S jobless claims were 900,000 in the week ending January 16, down 26,000 from the previous week and less than expected 935,000, according to the Department of Labor press release. Continuing claims fell by 127,000 to hit 5.05 million, less than the expected 5.3 million in the week ending January 9. The 4-week jobless claims moving average was 848,000, an increase of … [Read more...] about U.S. Jobless Claims Fell, But Remain Higher than Pre-Crisis Levels
U.K. House Prices Rose 7.6% in the Year to November
U.K house prices increased 7.6% to £249,633 in the year to November 2020, up from 5.9% in October 2020, according to the U.K Government press release. Average house prices rose by 1.2% between October and November 2020, compared with a fall of 0.4% during the same period a year earlier. House price growth was strongest in Yorkshire and The Humber and London, where … [Read more...] about U.K. House Prices Rose 7.6% in the Year to November
Order Block in Forex Trading: All You Need To Know
The Forex market is driven by central banks and other financial institutions. They generate price action through their orders that are significantly larger than standard ones. Order blocks refer to orders that make use of a huge amount of buying or selling of pairs. Let us now look at how trading order blocks work in the foreign exchange market. What is order block … [Read more...] about Order Block in Forex Trading: All You Need To Know
Trade The News In Forex – Best Approach
News is an essential part of forex trading. This is because the way currency pairs move on any given day is determined by the overall news of the day. For example, the US dollar will often rise when there is several major negative news since most traders view it as a hedge against risk. In this article, we’ll look at how to trade the news in forex profitably. Types of … [Read more...] about Trade The News In Forex – Best Approach
