What does a price chart mean?

It means that each data point on the chart comes from a fixed time period. For instance, if the time base is daily, each data point will represent price level (s) of each trading day. The charts below show the 5-minute time-frame. Study of price charts began before technology was able to send market (tick) data instantaneously.

Are the cheese prices displayed in trading economics based on over-the-counter (OTC) financial instruments?

The Cheese prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

What is a currency chart?

A chart is simply a visual representation of a currency pair’s price over a set period of time. It visualizes the trading activity that takes place during a single trading period (whether it’s 10 minutes, 4 hours, one day, or one week). Any financial asset with price data over a period of time can be used to form a chart for analysis.

How much has cheese decreased since 2023?

Cheese decreased 0.08 USD/LBS or 3.90% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cheese is a dairy product, and its price is based on US domestic cheddar cheese. Each contract goes for 20,000 lbs.