Economic Calendar And Easy Forex Profit Generation In San Francisco

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Economic Calendar And Easy Forex Profit Generation In San Francisco – Forex Economic Indicators are indicators used to obtain information about the current state of the economy, confirm the current state of the economy, and finally predict the future state of the economy.

At various times around the world, public and non-governmental institutions produce reports that contain several economic data, and the methods by which these reports are compiled and assembled vary considerably.

Economic Calendar And Easy Forex Profit Generation In San Francisco

Economic Calendar And Easy Forex Profit Generation In San Francisco

Indicators of this category confirm economic events that have already occurred. That is why they are called lagging indicators.

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This category of economic indicators is able to tell us about the current economic situation, which helps us understand what to trade and what not to trade now.

These are the most effective types of indicators, and they are of particular interest to traders, as they help the trader to understand the trajectory of future economic activity.

Each of the economic indicators falls into one of the categories mentioned above and has its uses and benefits.

Today in the foreign exchange market, be it forex market, CFD market, Cryptocurrency market, etc., the main problem that beginner forex traders face is how economic indicators work, how to interpret the economic information that these indicators provide. is to understand the most important indicators that directly affect the market and how to use the information provided by these indicators to your advantage.

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This information is very important because every day economic data/indicators are released in the economic calendar, but not all are relevant and as important as it is to follow these economic events in the calendar, it is more important to understand the economic indicators. pay attention and how they affect the market.

Therefore, in this article, we will help you understand the 4 important Forex economic indicators that can always have a very strong impact on the financial market, and how to interpret these economic indicators when they are published in the economic calendar. can be done.

Since the US economy is the largest and most influential economy in the world, the list of economic indicators we provide will be in the US reports. As with Forex / CFD trading, most of the pairs are in USD, which shows how the US economy affects the financial market.

Economic Calendar And Easy Forex Profit Generation In San Francisco

Finally, before starting the list, there are two main points that are very important in the analysis of data from economic indicators, we talked about it in one of the articles: 10 factors affecting fundamental analysis and increasing the profitability of Forex traders. . These factors are:

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You should know that what determines the impact of economic indicator data on the financial market is not the data itself, but the percentage change in the data. This means that the percentage difference between previous economic data and recently released data is one of the factors that directly affects the market.

So we can have a bad value for last month and the value is still bad this month, but there is serious volatility in the market due to the percentage change/difference. You can read this article to understand more about it.

The second factor is even more important and that is market expectations. In the economic calendar, economic data are always given as market forecasts before the actual economic indicator values ​​are released. These market forecasts are what economists, financial experts and analysts expect from the market.

Therefore, if economic data is released later and it is completely different from the general market expectations. There would be high volatility in the market and the price would fluctuate a lot, but if the economic data released was similar to the market’s expectations, then no matter how important this indicator is, the financial market would almost no effect.

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This economic indicator is used to determine the percentage of individuals who are in the labor force but are unemployed and actively looking for work. It can be said that the unemployment rate is a lagging indicator during the economic recovery.

As we mentioned above, depending on the calendar, two pieces of information should be interesting, one is the forecast of analysts and traders and the percentage change of the FED data from the previous data.

A higher than expected reading should be considered negative/bearish for the USD and a lower than expected reading should be considered positive/bullish for the USD.

Economic Calendar And Easy Forex Profit Generation In San Francisco

The core consumer price index (CPI) measures changes in the prices of goods and services other than food and energy. CPI measures price changes from the perspective of the consumer. This is the main way to measure changes in purchasing trends and inflation.

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If inflation is within target standards, it is considered normal or even desirable. However, if inflation is too far from these standards for a long period of time, it can have a very negative effect on the economy. That’s why the Feds take this information seriously.

In the case of C.P.I, a higher than expected interest reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as a negative/bearish for the USD.

GDP is the broadest measure of the overall health of the economic system. It takes a long time to compile its data, and therefore its direct impact on the Forex market and CFD costs is regularly erased – and several data and information are already available before the statistics are published. and, therefore, the expectations are regularly very accurate. That is, if the published data differs from expectations, there will be major changes in the financial market.

Also, despite its lack of timeliness, it is still a very important economic indicator because it provides economists and analysts, as well as the FED, with detailed information about the country’s business environment. A business cycle consists of a period of expansion and a period of contraction.

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An expansion period is a period of rapid and sustained economic growth, while a contraction period is a period of economic decline. As you know, GDP is used to measure the level of economic activity taking place in a country.

GDP can be said to be a lagging indicator because it is often used to confirm what we already know.

When GDP data is released, its impact on the economy can be understood as follows: if the actual data is greater than the forecast, it is good for the currency, which means that it will rise, but if the actual data is greater than the average value if low. Forecasts by traders, economists and market analysts illustrate this bearish bias.

Economic Calendar And Easy Forex Profit Generation In San Francisco

Frequency: Issued monthly. There are 3 versions of GDP released at an interval of one month – Advance, Second Edition and Final. Both the advance and the second edition are marked as initial in the economic calendar.

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The non-state wage fund is one of the economic indicators that, among the lists we mentioned, always has a direct and significant impact on the financial market.

Nonfarm payrolls measure the change in the number of people employed in the previous month, excluding the agricultural industry. Job creation is a key indicator of consumer spending, which forms the bulk of economic activity.

It is similar to GDP explained earlier, but the difference is that while non-farm payroll data is released monthly, GDP data is released quarterly and the delay has limited impact on the financial market.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as a negative/bearish for the USD.

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Part of being a professional forex trader is knowing and understanding the forex market, what influences the price action seen on the charts when performing technical analysis, and how to use the information provided by economic indicators to your advantage in the market.

We hope this article has enlightened you a little about some of the basics of forex trading and the financial market.

You can view the economic indicators using the economic calendar, which can be done on the following website: investing.comandforexfactory.com.Home | Trade Education | 4 Strong Economic Indicators Directly Affecting the Forex Market 4 Strong Economic Indicators Directly Affecting the Forex Market

Economic Calendar And Easy Forex Profit Generation In San Francisco

Forex Economic Indicators are indicators used to obtain information about the current state of the economy, confirm the current state of the economy, and finally predict the future state of the economy.

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At various times around the world, public and non-governmental institutions produce reports that contain several economic data, and the methods by which these reports are compiled and assembled vary considerably.

Indicators of this category confirm economic events that have already occurred. That is why they are called lagging indicators.

This category of economic indicators is able to tell us about the current economic situation, which helps us understand what to trade and what not to trade now.

These are the most effective type of indicators and are of particular interest to traders as they help the trader

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