Monday, December 9, 2013
What is an Economic Indicator
An economic indicator is an important piece of financial data in relation to an 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 either very important or less relevant. 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.