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.
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.
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Understanding Economic Indicators
Knowing about which economic indicators impact the Forex market is one thing, but keeping on top of the releases is another. To properly keep yourself up-to-date, you need to plan ahead and have a good quality news feed.
- What Are Economic Indicators
- Leading Economic Indicators
- Consumer and Business Surveys
- Purchasing Manager Indices
- Vehicle Sales
- Gross Domestic Product (GDP)
- Nonfarm Payrolls (NFP)
- Unemployment Rate
- Federal Funds Rate
- Consumer Confidence Index/University of Michigan Index of Consumer Sentiment
- Consumer Price Index (CPI)
- Industrial Production Index
- Capacity Utilisation
- Retail Sales
- Durable Goods Orders
- Initial Jobless Claims