Author: <span>backcom_webt</span>

US and Switzerland End Deadlock Over Client Investment Data Sharing

New agreement lifts ban on approving Swiss investment advisers operating in the United States. A Breakthrough in Financial Transparency The United States and Switzerland have resolved a years-long impasse concerning the sharing of client investment data — a significant move that allows Washington greater oversight of assets held in the European banking hub. This agreement […]

Gold to Surpass Euro as Global Reserve Asset in 2024, Says ECB

Gold is set to overtake the euro as the world’s second most important reserve asset, following a surge in central bank demand and record-high prices, according to a report by the European Central Bank (ECB) released Wednesday. Gold Now Second Only to the U.S. Dollar ECB data shows that gold accounted for 20% of official […]

U.S. Inflation Rises Less Than Expected to 2.4% in May Amid Trade War Pressures

U.S. inflation rose less than expected in May, offering a brief respite to consumers and policymakers ahead of next week’s Federal Reserve meeting. However, trade tensions continue to pose risks to future price stability. Inflation Slows Despite Trade Pressures According to data released on Wednesday, the U.S. Consumer Price Index (CPI) increased by 2.4% year-on-year […]

What is Parabolic sar indicator? How does Parabolic sar indicator work?

Welles Wilder developed the Parabolic SAR indicator in the mid-1970s. This indicator determines when you should close your position, when to open a new position in the opposite direction (SAR stands for Stop and Reverse), and helps identify take-profit levels. The indicator is similar to a moving average, but the difference lies in how it […]

What is CPI? Meaning and how to calculate CPI

CPI is an index frequently mentioned in financial reports or news about the economic situation. It is an important indicator that attracts the attention of economists in particular and of a nation in general. Through this article, Tradafx will provide you with more information about what the CPI index is. 1. What is CPI? The […]

What is OBV indicator? How to use OBV indicator in financial markets.

OBV (On Balance Volume) is a volume indicator that measures the momentum of a trend based on the correlation between price movement and trading volume. Although it is not as popular as other indicators, to succeed in financial trading, you absolutely should not overlook this indicator. So, what exactly is OBV? How do you use […]