This is also the reason why no average salary is given for numerous countries. Even determining an average value that is comparable across countries is therefore complex to impossible. The specification of a median value, which is often desired here, is then already pure utopia. From the highest to the lowest, these figures will give you the full picture of salaries from state to state,...
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A positive trade balance indicates a trade surplus while a negative trade balance indicates a trade deficit. The BOT is an important component in determining a country’s current account. The balance of payments is a broader measure of a country’s international economic transactions that includes the balance of trade as well as capital transactions (capital account) and financial transfers (financial account). While a positive balance...
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This article explores the essential components and calculations of MACD, equipping you with the tools to apply it effectively in financial assessments. As you can see in the chart below, a cross through the zero line is a very simple method that can be used to identify the direction of the trend and the key points when momentum is building. An approximated MACD can be...
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It consists of a rounded bottom (cup) followed by a smaller consolidation (handle) before a potential breakout to the upside. Traders often look for the breakout above the handle’s resistance level to confirm the pattern. For example, if a cup and handle pattern appears on the AUD/USD chart, it may indicate a potential bullish move in the Australian dollar against the US dollar. The candles...
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In 1971, President Richard Nixon abandoned the gold standard, allowing the dollar to float freely in foreign exchange markets. The USD is the most traded currency in the international foreign exchange market, which facilitates global currency exchange and is the largest financial market in the world, with a daily average volume for May 2022 of nearly $1.2 trillion. As such, the USD is considered a...
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