Forex Economic Indicators is a useful tool both for long-term and day traders.
It features hundreds of macroeconomic indicators, which daily influence financial symbol quotes, including currencies, stocks, bonds, futures, and options, among others. Whatever financial market you choose, Forex Economic Indicators can help you improve your trading strategy.
Economic indicators can have a marked effect on Forex and CFD (contract for difference) prices. Accordingly, many traders keep a sharp eye on the economic calendar, to ensure that they are abreast of any potential volatility bumps that lie in the road ahead.
View the latest economic figures graphed against historical economic data for major economic regions. Figures are compiled from data from central banks, national statistics offices, and other official sources.
Zoom in on a particular time period, or zoom out to see movement over the past decade. View animations of weekly changes to yield curves. Save particular graphs, or email them to colleagues.
What Economic Indicators Are There?
Around the world, various governmental and non-governmental agencies report on a regular basis, with certain pieces of economic information. The methods by which these reports are put together can vary considerably.
Sometimes, the data is as direct as reporting monthly sales from a particular segment of the economy. Others may not come from hard data, instead being based on opinions recorded within surveys. Still, others may derive their findings from extrapolating existing data.
Some indicators will inform you about the current state of economy; while others may confirm what the economy previously did; and others may predict what is yet to come.
This final set β known as leading economic indicators β are of particular interest to traders, as they offer the best insight into the likely trajectory of future economic activity. The indicators that tell us about the current state of economy are called 'coincident'. Those that confirm what has already occurred are known as lagging indicators.
All three have their uses and may impact the Forex market in different ways.
The main difficulty for traders who are just starting out is knowing which are the important ones β those that are most likely to affect prices β and which ones are low-impact.
This knowledge is useful as there may be many economic indicators released in a single day, and it's not really realistically possible to keep an eye on them all. To try and help in this area, we have put together an explanatory list of Forex economic indicators.
Forex Economic Indicators app features;
π Beige Book
π Purchasing Manager Index (PMI)
π Consumer Confidence Index
π Consumer Price Index (CPI)
π Durable Good Order
π Employment Cost Index (ECI)
π Employment Situation
π Existing Home Sales
π Gross Domestic Products (GDP)
π Housing Start Building Permits
π Initial Claims
π ISM Manifacturing Index
π ISM Services Index
π New Home Sales
π Personal Income Consumption
π Philadelphia Fed
π Producer Price Index (PPI)
π Retail Sales
Economic Indicators That Impact the Forex Market
π± International Trade
π± Gross Domestic Product (GDP)
π± Nonfarm Payrolls (NFP)
π± Unemployment Rate
π± Forex Trading
π± Federal Funds Rate
π± Consumer Confidence Index/University of Michigan
π± Index of Consumer Sentiment
π± Investments
π± Consumer Price Index (CPI)
π± Industrial Production Index
π± Capacity Utilisation
π± Trade Risk-Free
π± Retail Sales
π± Durable Goods Orders
π± Initial Jobless Claims
In our economic indicators list we've included those that are considered to be the most important. All of these have the potential to exert a strong effect on the financial markets.
As the US economy is the largest economy in the world, and wields some influence on the performance of financial markets globally, our list focuses on US reports, in an effort to provide you the best economic indicators.
Now, without wasting any further time let us start our journey of getting better:
Do remember to hit the Follow button on the top of the page! Thank youπ
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