An Introducing Broker (IB) is a financial intermediary who introduces clients to a brokerage firm. The IB does not hold client funds to trade but instead refers clients to the brokerage firm and receives a commission or other compensation for the business they bring. IBs often provide various services such as marketing, customer support, and education to the clients they introduce to the brokerage. They play a crucial role in expanding the client base of brokerage firms and facilitating access to financial markets for traders and investors.
The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain’s principal stock exchange. It comprises the 35 most liquid stocks traded on the exchange, representing various sectors of the Spanish economy. The index serves as a key indicator of the overall performance of the Spanish stock market and is widely used by investors, analysts, and economists to assess the country’s economic health and stock market trends.
The ICE U.S. Dollar Inflation Expectations Index is a measure of expected inflation in the United States, derived from the pricing of U.S. Treasury Inflation-Protected Securities (TIPS) in the financial markets. It reflects the difference in yields between TIPS and comparable nominal U.S. Treasury securities, providing an indication of market expectations for future inflation. The index is used by investors, economists, and policymakers to gauge inflation sentiment and assess potential impacts on financial markets and the economy.
The Icelandic Króna (ISK) is the official currency of Iceland. It is represented by the symbol “kr” and is subdivided into 100 smaller units called “aurar,” although these are no longer in circulation. The króna is issued and regulated by the Central Bank of Iceland. As with any currency, its value fluctuates relative to other currencies and is influenced by various economic factors, including inflation, interest rates, and foreign exchange market dynamics.
Ichimoku, also known as Ichimoku Kinko Hyo, is a popular technical analysis tool used in trading. It originated in Japan and consists of several lines and components that provide insights into potential support and resistance levels, as well as trend direction and momentum. The components of Ichimoku include the Kumo (cloud), Tenkan-sen (conversion line), Kijun-sen (base line), Chikou Span (lagging line), and Senkou Span A and B. Traders use Ichimoku to identify potential entry and exit points, as well as to assess overall market sentiment and trend strength.
The Ichimoku Cloud, also known as Kumo, is a component of the Ichimoku Kinko Hyo, a technical analysis tool used in trading. It is a key feature of the Ichimoku system and consists of two lines that form a shaded area on the price chart. The Kumo represents potential support and resistance levels, as well as the equilibrium or “magnet” zone of the market. Traders use the Ichimoku Cloud to assess the strength and direction of a trend, as well as to identify potential entry and exit points for trades.
Ichimoku Kinko Hyo, often referred to as Ichimoku, is a popular technical analysis tool used in trading. It originated in Japan and consists of several lines and components that provide insights into potential support and resistance levels, trend direction, and momentum. Traders use Ichimoku to identify potential entry and exit points, as well as to assess overall market sentiment and trend strength. The components of Ichimoku include the Kumo (cloud), Tenkan-sen (conversion line), Kijun-sen (base line), Chikou Span (lagging line), and Senkou Span A and B.
An Initial Coin Offering (ICO) is a fundraising method used by cryptocurrency and blockchain-based projects to raise capital. In an ICO, a company or organization issues digital tokens or coins and offers them for sale to investors in exchange for traditional cryptocurrencies such as Bitcoin or Ethereum. Investors participate in an ICO with the expectation that the value of the tokens will increase over time, potentially providing a return on their investment. ICOs have gained attention as a way for startups to bypass traditional venture capital funding and reach a global pool of investors, but they also carry regulatory and investment risks.
The International Monetary Fund (IMF) is an international organization established to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The IMF provides financial assistance to member countries facing balance of payments problems, offers policy advice and technical assistance, and conducts research on global economic issues. It also monitors economic developments and exchange rate policies, and provides a forum for cooperation and resolution of international financial crises.
Immaculate Disinflation refers to a scenario in which a country achieves a significant reduction in inflation without experiencing a recession or economic downturn. It is characterized by a smooth and successful transition from high inflation rates to low and stable levels, often through the implementation of effective monetary and fiscal policies. This term is used to describe a situation where inflation is reduced without causing significant negative impacts on economic growth or employment.
An Immediate or Cancel (IOC) order is a type of stock or securities trading order that requires the immediate execution of a trade at the best available price. If the order cannot be filled immediately in its entirety, the unfilled portion is canceled. IOC orders are commonly used by traders who seek to execute a trade quickly and are willing to accept partial fulfillment if the entire order cannot be completed immediately. This type of order is designed to minimize the risk of price changes and to ensure prompt execution.
Immutable refers to something that cannot be changed or altered. In the context of technology or programming, immutability often refers to data structures or objects that, once created, cannot be modified. This property is important in fields such as blockchain, functional programming, and data integrity, as it ensures that the data remains consistent and unchangeable, reducing the risk of errors or unauthorized modifications.
Implied volatility is a measure used in financial markets to estimate the expected volatility of an asset’s price. It is derived from the market price of a financial instrument’s options and reflects the market’s expectations of future price fluctuations. High implied volatility suggests a higher likelihood of significant price swings, while low implied volatility indicates expectations of relatively stable prices. Traders and investors use implied volatility to assess the market’s sentiment and make decisions about options trading and risk management.
The Import Price Index is a measure that tracks the changes in the prices of goods and services purchased from foreign countries by residents of a country. It is used to monitor and analyze the impact of international trade on a nation’s economy. The index provides valuable insights into inflation, exchange rate fluctuations, and the overall cost of imported goods. By tracking the Import Price Index, policymakers, economists, and businesses can gain a better understanding of the effects of global trade on domestic prices and make informed decisions related to trade policies and economic strategies.
In the context of cryptocurrency, “importing” typically refers to the process of transferring or bringing digital assets from one wallet or exchange to another. This could involve importing private keys, mnemonic phrases, or digital wallet files to access and manage cryptocurrency holdings in a different platform or application. Importing in crypto is essential for users who want to consolidate their holdings, switch to a new wallet or exchange, or access their funds from different devices. It allows for seamless management and transfer of digital assets within the cryptocurrency ecosystem.
Imports refer to the goods, products, or services that are brought into a country from another nation for consumption, distribution, or use. These items are purchased from foreign markets to meet domestic demand, supplement local production, or access goods not readily available domestically. Imports play a crucial role in international trade, allowing countries to access a wider variety of products, enhance competition, and benefit from comparative advantages in production and resources. This process contributes to economic growth, consumer choice, and global market integration.
The “In Neck” pattern is a term used in technical analysis of stock price movements. It is a two-candlestick pattern that is considered a potential bearish signal. The pattern occurs when a long bearish (downward) candle is followed by a small bullish (upward) candle that closes near the low of the previous day’s bearish candle. This pattern suggests a potential continuation of the downtrend, as the bulls were unable to push the price significantly higher after the initial bearish move. Traders and analysts use this pattern to make decisions about potential selling or shorting opportunities in the financial markets.
The Indian Rupee (INR) is the official currency of India. It is issued and regulated by the Reserve Bank of India. The rupee is further subdivided into 100 smaller units called paise. As of now, the rupee is available in denominations of coins and banknotes. It is widely used for financial transactions within India and is also accepted for international trade and investment. The exchange rate of the Indian Rupee fluctuates in the foreign exchange market and is influenced by various economic factors.
An indicative quote is a preliminary or estimated price provided by a financial institution or market maker for a financial instrument, such as a currency pair or a security. It is not a firm or binding offer to buy or sell, but rather an indication of the current market price or a potential price at which a transaction could occur. Indicative quotes are often used in situations where market conditions are uncertain or when a more accurate quote is not immediately available. They serve as a guide for investors and traders to assess potential market conditions and make informed decisions.
Forex indicators are tools used by traders to analyze and interpret market data in the foreign exchange (forex) market. These indicators are typically mathematical calculations based on historical price, volume, or open interest data. They help traders identify potential entry and exit points, as well as predict future price movements. Common forex indicators include moving averages, relative strength index (RSI), stochastic oscillators, and Bollinger Bands, among others. Traders use these indicators to gain insights into market trends, momentum, volatility, and potential trading opportunities.
An indirect quote is a way of quoting the exchange rate for a foreign currency in terms of the domestic currency. In an indirect quote, the domestic currency is considered the variable currency and the foreign currency is the base currency. For example, if the indirect quote for the exchange rate between the US dollar (USD) and the British pound (GBP) is 0.72, it means that 1 GBP is equivalent to 0.72 USD. Indirect quotes are commonly used in the foreign exchange market to express the value of one unit of a foreign currency in terms of the domestic currency.
Indirect trading refers to a situation where a country trades goods and services with other countries through an intermediary, rather than engaging in direct trade. This intermediary could be a third-party country or a trading bloc. Indirect trading can occur for various reasons, such as to overcome trade barriers, take advantage of regional trade agreements, or to access markets that may be difficult to enter directly. It allows countries to expand their trade relationships and access a wider range of goods and services.
The Indonesian Rupiah (IDR) is the official currency of Indonesia, issued and regulated by the country’s central bank, Bank Indonesia. The currency is often denoted by the symbol “Rp” and is further subdivided into 100 smaller units called sen. The rupiah is used for all transactions within Indonesia and is also commonly traded on the foreign exchange market.
Industrial production refers to the measure of the output of industrial establishments such as factories, mines, and utilities. It typically includes the production of goods such as manufacturing, mining, and utilities. Industrial production is an important economic indicator, as it provides insight into the overall health and performance of the industrial sector within a country. It is often used by economists, policymakers, and investors to assess the strength of the economy and to make predictions about future economic activity.
Inflation refers to the general increase in prices of goods and services in an economy over a period of time, leading to a decrease in the purchasing power of money. It is typically measured as an annual percentage increase in the price level of a basket of goods and services. Inflation can erode the value of money, affect the cost of living, and impact interest rates, wages, and investment returns. Central banks often aim to maintain a moderate level of inflation to support economic stability and growth.
In the context of forex (foreign exchange), influential people typically refer to individuals who hold significant positions in central banks, regulatory bodies, or major financial institutions. These individuals can have a substantial impact on currency markets through their decisions, policies, and public statements. Traders and analysts closely monitor the actions and statements of influential people in forex, as their remarks or policy changes can cause significant fluctuations in exchange rates and market sentiment. Key figures such as central bank governors, finance ministers, and influential economists are often considered influential people in the forex market.
Initial Jobless Claims is a statistic that measures the number of individuals who have filed for unemployment benefits for the first time during a given week. It is released weekly by the U.S. Department of Labor and is considered a key economic indicator. A higher number of initial jobless claims typically indicates a weakening labor market and economic downturn, while a lower number suggests a strengthening labor market and economic growth. This data is closely monitored by economists, policymakers, and investors to assess the health of the labor market and overall economy.
Initial margin refers to the amount of money or collateral that an investor is required to deposit with a broker or exchange when entering into a new futures or options position. It is a form of security deposit to cover potential losses from adverse price movements. The initial margin requirement is set by the exchange or regulatory authorities and is designed to ensure that the investor has enough funds to cover potential losses in the position. The initial margin is separate from maintenance margin, which is the ongoing minimum amount of collateral required to keep the position open.
An inside bar is a price pattern in technical analysis that occurs when the high and low of a bar or candlestick is within the high and low of the previous bar. This pattern suggests a period of consolidation or indecision in the market, often signaling a potential breakout or continuation of the current trend. Traders often use inside bars as a signal for potential trade setups, with the breakout of the inside bar’s high or low serving as a potential entry or exit point.
An institutional investor is an organization or entity that invests large sums of money on behalf of others, such as pension funds, mutual funds, insurance companies, or endowments. These investors typically have significant financial resources and often have professional investment managers who make decisions on their behalf. Institutional investors play a major role in financial markets and can have a significant impact on stock prices, bond yields, and other asset classes due to the size of their investments and their ability to influence market sentiment.
Interbank refers to the network of banks and financial institutions that trade and transact with each other, often involving large sums of money. This network allows banks to borrow and lend funds to each other, facilitate foreign exchange transactions, and conduct other financial activities. Interbank transactions are typically conducted at wholesale rates and are crucial for maintaining liquidity in the financial system. Additionally, interbank markets play a key role in determining benchmark interest rates and exchange rates.
The interbank money market is a financial market where banks and financial institutions lend and borrow funds from each other for short-term periods. It allows banks to manage their liquidity needs and meet regulatory requirements by borrowing or lending money to other banks. The interest rates in the interbank money market are influenced by central bank policies and market demand for funds. This market is important for maintaining stability in the banking system and for determining short-term interest rates.
Interbank rates refer to the interest rates at which banks lend to and borrow from each other in the interbank market. These rates are determined by the supply and demand for funds among banks and are influenced by central bank policies, market conditions, and the creditworthiness of the borrowing institutions. Interbank rates serve as a benchmark for various financial instruments and loans, and they play a crucial role in determining overall interest rate levels in the economy.
Interest is the cost of borrowing money or the return on investment. When money is borrowed, the borrower typically pays interest to the lender as compensation for the use of the funds. Conversely, when money is invested, the investor may earn interest as a return on their investment. Interest rates are expressed as a percentage and can be fixed or variable, and they play a significant role in financial transactions, influencing borrowing and lending decisions, as well as the overall economy.
Interest on reserve balances refers to the interest payments that central banks provide to commercial banks for the reserves they hold at the central bank. This interest rate is set by the central bank and serves as a tool for influencing and managing the money supply and interest rates in the broader economy. By adjusting the interest rate on reserve balances, central banks can encourage or discourage banks from holding excess reserves, thereby impacting the availability of credit and overall economic activity.
In financial markets, interest rate refers to the cost of borrowing or the return on investment, expressed as a percentage. It influences the cost of credit, the value of bonds, and the performance of various financial instruments. Central banks often set interest rates as a tool to manage inflation and economic growth.
Interest rate differential refers to the difference in interest rates between two financial instruments, such as loans, deposits, or currencies. It is used to calculate the cost of borrowing or the potential gain from investing in different assets. The interest rate differential is an important factor in various financial decisions, such as currency trading, bond investments, and borrowing for large purchases.
Interest Rate Parity (IRP) is a theory in finance that suggests that the difference in interest rates between two countries should be equal to the difference between the forward exchange rate and the spot exchange rate. In other words, it implies that there should be no opportunity for risk-free profits from international financial transactions due to differences in interest rates. It is a fundamental concept in the foreign exchange market and plays a significant role in determining exchange rates.
Interest rate risk is the potential for changes in interest rates to negatively impact the value of an investment. It affects fixed-income securities such as bonds, where fluctuations in interest rates can lead to changes in the value of the investment. When interest rates rise, the value of existing fixed-rate bonds decreases, and vice versa. This risk is a significant consideration for bondholders and investors in interest-sensitive securities.
Interest rates in forex refer to the cost of borrowing or the return on investment in a particular currency. They are set by central banks and can have a significant impact on the value of a currency. Higher interest rates can attract foreign investment and increase the demand for a currency, leading to an appreciation in its value. Conversely, lower interest rates can decrease the attractiveness of a currency and lead to a depreciation in its value. Traders closely monitor interest rate decisions and announcements as they can have a major impact on the forex market.
Internalization refers to the process of a company handling a transaction within its own organization, rather than outsourcing it to a third party. This can involve activities such as production, distribution, or customer service. Internalization is often pursued to reduce costs, increase control, or improve efficiency within the company. It can also be a strategy for maintaining proprietary knowledge and capabilities.
International economics is a branch of economics that focuses on the economic interactions between countries. It examines the flow of goods, services, and capital across borders, as well as the impact of international trade and finance on national economies. Key topics in international economics include trade policies, exchange rates, balance of payments, and the effects of globalization on the world economy. The field also explores the implications of international economic relationships on employment, income distribution, and economic development.
The International Monetary and Financial Committee (IMFC) is a key advisory body that provides guidance and advice on the management and operation of the international monetary and financial system. It consists of finance ministers and central bank governors from member countries of the International Monetary Fund (IMF). The IMFC meets twice a year to discuss global economic issues, exchange views on the state of the world economy, and provide direction to the IMF on policies and initiatives related to international monetary and financial stability.
The International Monetary Fund (IMF) is an international organization that aims to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The IMF provides financial assistance to member countries facing balance of payments problems, offers policy advice and technical assistance, and conducts research on international monetary and economic issues. It also monitors the global economy and provides a forum for cooperation and dialogue among its member countries.
International organizations in financial markets are entities that play a significant role in shaping and regulating global financial activities. These organizations can include the International Monetary Fund (IMF), the World Bank, the Bank for International Settlements (BIS), and regional development banks. They are involved in providing financial assistance, promoting monetary cooperation, setting regulatory standards, and facilitating economic development and stability across different countries. International organizations also engage in research, policy advice, and technical assistance to support financial market operations and governance on a global scale.
In the context of forex trading, an intraday position refers to a trade that is opened and closed within the same trading day. Traders who take intraday positions aim to capitalize on short-term price movements and typically do not hold their positions overnight. Intraday trading involves closely monitoring the market, using technical analysis to identify potential entry and exit points, and making quick decisions to capitalize on short-term price fluctuations. This approach to trading requires a high level of attention and discipline, as positions are typically closed before the end of the trading day to avoid exposure to overnight market risks.
Inverse Head and Shoulders is a bullish chart pattern in forex trading. It consists of three troughs, with the middle trough being the lowest (the “head”) and the two outer troughs being higher than the head (the “shoulders”). The pattern is considered a reversal pattern, indicating a potential change in the direction of the price trend from bearish to bullish. When the price breaks above the neckline (the line connecting the highs of the two shoulders), it is often seen as a signal to enter a long (buy) position, with the potential for a price increase. Traders often use this pattern in combination with other technical analysis tools to confirm the potential reversal and make trading decisions.
In forex trading, an Inverted Hammer is a single candlestick pattern that indicates a potential reversal in the price trend. It is characterized by a small body at the top of the candlestick with a long lower wick, resembling a hammer upside down. The pattern suggests that after a period of downward price movement, the sellers were initially in control but lost strength, and the buyers may be gaining momentum. Traders often interpret the Inverted Hammer as a signal to potentially enter a long (buy) position, especially when it appears at the end of a downtrend. However, it is important to use this pattern in conjunction with other technical analysis tools to confirm the potential reversal before making trading decisions.
An inverted yield curve in forex refers to a situation where the yields on shorter-term government bonds are higher than the yields on longer-term government bonds. This is contrary to the normal yield curve, where longer-term bonds have higher yields. An inverted yield curve is often considered a potential indicator of an economic downturn or recession, as it may signal market expectations of lower future interest rates and economic uncertainty. In forex trading, an inverted yield curve can impact currency markets by influencing investor sentiment, expectations for monetary policy changes, and overall market risk appetite. Traders often monitor yield curve dynamics as part of their fundamental analysis to gauge potential shifts in market conditions and make informed trading decisions.
Investment funds in forex refer to pooled funds from multiple investors that are managed by professional fund managers. These funds are used to invest in various financial instruments, including currencies in the forex market. Investment funds in forex can take the form of mutual funds, hedge funds, exchange-traded funds (ETFs), or other collective investment vehicles. The fund managers make trading decisions on behalf of the investors, aiming to generate returns by trading forex pairs or other financial instruments. Investors in these funds can benefit from the expertise of professional traders and gain exposure to the forex market without having to actively trade on their own. However, it’s important for investors to carefully consider the risks and fees associated with investment funds before participating.
The Investment Industry Regulatory Organization of Canada (IIROC) is a national self-regulatory organization that oversees investment dealers and trading activity in Canada’s capital markets. It sets and enforces rules that govern the behavior and financial responsibility of its member firms and their registered employees. IIROC also establishes and enforces trading and business conduct rules to protect investors and ensure the integrity of Canadian financial markets. Additionally, it provides market surveillance and compliance oversight to maintain fair and orderly markets. IIROC’s mandate is to protect investors and support healthy and efficient capital markets in Canada.
The Investor Movement Index (IMX) is a proprietary, behavior-based index that measures the sentiment and behavior of individual investors in the United States. It is developed by TD Ameritrade and assesses the level of exposure and risk in the portfolios of self-directed retail investors. The IMX is calculated based on a range of data, including the holdings, buying, and selling activities of TD Ameritrade clients. The index aims to provide insights into retail investor sentiment and behavior, helping to gauge their confidence and market participation. It is often used as a tool for analyzing retail investor trends and sentiment in the broader market.
An Immediate or Cancel (IOC) order is a type of stock market order that requires the trade to be executed immediately or canceled. If the order cannot be filled immediately, it is canceled and does not remain open on the market. IOC orders are often used by traders who want to ensure quick execution of their trades and are willing to accept a partial fill if the entire order cannot be completed immediately.
IOTA (MIOTA) is a distributed ledger technology specifically designed for the Internet of Things (IoT) and machine-to-machine transactions. It is a cryptocurrency that aims to facilitate secure communication and transactions between devices on the IoT network. Unlike traditional blockchain-based cryptocurrencies, IOTA uses a directed acyclic graph (DAG) structure called the Tangle, which allows for feeless transactions and scalability. IOTA’s unique architecture and focus on IoT applications make it suitable for enabling micropayments and data transfer between connected devices in various industries.
In financial markets, an IOU (I owe you) is a written acknowledgment of a debt or obligation from one party to another. It represents a promise to repay a specific amount of money at a later date. IOUs are commonly used in informal or personal transactions, and they may also be issued in certain financial instruments such as promissory notes or bonds. While IOUs are not typically traded on formal financial markets, they serve as a basic form of debt instrument and can be used to document and formalize financial obligations between parties.
The Iranian Rial (IRR) is the official currency of Iran. It is abbreviated as “IRR” and is often represented by the symbol “﷼”. The Rial is subdivided into 100 dinars, although the usage of dinars is now obsolete. The currency is issued and regulated by the Central Bank of the Islamic Republic of Iran. Due to various economic and geopolitical factors, the value of the Iranian Rial has experienced significant fluctuations and has been subject to international sanctions, impacting its exchange rate and stability in the global currency markets.
The Iraqi Dinar (IQD) is the official currency of Iraq. It is abbreviated as “IQD” and is often represented by the symbol “د.ع”. The dinar is issued and regulated by the Central Bank of Iraq. The currency has faced significant challenges, including hyperinflation and fluctuations in value, due to geopolitical and economic instability in the region. The Iraqi Dinar has been subject to speculation and investment activity, and its exchange rate has experienced volatility in the international currency markets.
The Isle of Man Pound (IMP) is the official currency of the Isle of Man, a self-governing British Crown dependency located in the Irish Sea. It is denoted by the symbol “£” and is at parity with the British Pound Sterling (GBP). The Isle of Man government issues its own banknotes and coins, which circulate alongside the British Pound. While the Isle of Man Pound is not widely used outside of the Isle of Man, it holds the same value as the British Pound and is accepted for transactions on the island.
The ISM Manufacturing Survey, also known as the Purchasing Managers’ Index (PMI), is a monthly report published by the Institute for Supply Management (ISM) in the United States. It provides an indicator of the economic health of the manufacturing sector based on survey responses from purchasing and supply executives. The PMI measures various factors such as new orders, production levels, employment, supplier deliveries, and inventories. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 indicates contraction. The ISM Manufacturing Survey (PMI) is closely watched by economists, investors, and policymakers as it provides insights into the overall health and trends in the manufacturing industry, serving as a leading indicator for the broader economy.
The ISM Services PMI (Purchasing Managers’ Index) is a monthly report published by the Institute for Supply Management (ISM) in the United States. It provides an indicator of the economic health of the services sector based on survey responses from purchasing and supply executives. The PMI measures various factors such as new business activity, employment, supplier deliveries, inventories, and prices. A PMI reading above 50 indicates expansion in the services sector, while a reading below 50 indicates contraction. The ISM Services PMI is closely watched by economists, investors, and policymakers as it provides insights into the overall health and trends in the services industry, serving as a leading indicator for the broader economy.
ISO 4217 is a standard established by the International Organization for Standardization (ISO) that defines three-letter codes for currencies and precious metals, along with their symbols and minor units. These codes are widely used in international banking, commerce, and finance to facilitate the accurate and uniform representation of currencies across different systems and documents. The standard helps to streamline financial transactions and avoid confusion when dealing with multiple currencies.
The Israeli New Shekel (ILS) is the official currency of Israel. It is abbreviated as “ILS” and is often represented by the symbol “₪”. The shekel is regulated and issued by the Bank of Israel. It is used for transactions within Israel and is also widely accepted in the Palestinian territories, particularly in the Gaza Strip and parts of the West Bank. The shekel has replaced the old Israeli Shekel in 1985 and has become a stable and widely recognized currency in the international financial markets.
The Ivey Purchasing Managers Index (PMI) is a monthly economic indicator that measures the economic health of the Canadian manufacturing sector. It is based on a survey of purchasing managers across Canada and provides insights into factors such as new orders, production levels, employment, supplier deliveries, and prices. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 indicates contraction. The Ivey PMI is closely watched by economists, investors, and policymakers as it provides valuable information about the state of the Canadian economy and its manufacturing industry.
The Ifo Business Climate Index is a widely recognized economic indicator that measures the current business sentiment and expectations of German companies. It is based on a monthly survey of around 9,000 businesses in manufacturing, construction, wholesale, and retail sectors. The index provides valuable insights into the overall economic outlook and helps to gauge the level of confidence and optimism among businesses in Germany.
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