Economic indicators are called financial indicators that are placed in the shared ministries and slave states or individual brokers. Statistical data on the economies are updated around the clock and enable all who wish to receive regular information on the state of the market. Therefore, any trader needs to acquire the habit of regularly monitor the economic indicators events. Economic events are called financial indicators that are placed in the shared ministries and slave states or individual brokers. Statistical data on the economies are updated around the clock and enable all who wish to receive regular information on the state of the market. Therefore, any trader needs to acquire the habit of regularly monitor economic developments.
The importance of economic indicators for the trade is that the players in similar situations behave the same due to psychological factors, so changes in the economy entail immediate market swings in one direction or another. Consideration of economic indicators is called fundamental analysis of the Forex.
Main indicators of the economy, traders can track in the special events calendar forex news and use. Recent very helpful as additional information on currency exchange rates. Forex News posted on websites and forums dedicated to Exchange.
That includes fundamental forex analysis
Thus, the trader should take into account short-term information that appears in the news, which tells about the events in real time. In addition, should take into account the schedules of currency pairs, daily forecasts of experts and leading brokerage offices on the US dollar as the most important currency in the market. Such things help effectively predict the mood of the majority of traders to navigate and for transactions.
Forecasts on major currencies
Forex Fundamental analysis allows to predict the behavior of such important currency market, the US dollar, euro, British pound and Japanese yen, as well as analysis of currency pairs with their participation.
This information complements the picture created with the help of technical analysis tools. Remember that it is better to use multiple methods of analysis, as it will help to look at the situation from different points of view and to create the most effective strategy.
Using the economic calendar as forex trading services.
Forex economic calendar contains information about the publication of critical State institutions reporting, banks and ministries. It is the kind of forex trading service.https://freshforex.com/company/exclusive/ With this information from the forex calendar economic events, the trader is able to observe the trend of market behavior, and use them later. It does not need to be an economist, and a deep understanding of the nuances, it is enough to understand the basic relationship between reports and changes in the market situation.
Key economic indicators are:
2. Consumer Price Index;
3. Producer Price Index;
4. Performance of the construction sector.