What is an Economic Indicator?
An
economic indicator is an important piece of financial data in relation
to the asset. In forex trading, the assets are the currencies of
different countries. For countries, some important economic indicators
are: interest rate announcements, employment numbers, Consumer Price
Index, and Trade Balance numbers. While some reports are constantly
valuable in fundamental forex analysis, others will sometimes be very
important and other times, they will be much less important. For
instance, if a country is having solid growth and experiencing
inflation, the Consumer Price Index will be highly watched and
considered important by the forex market.
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