What is an Economic Indicator
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.