The 10 Economic Indicators and Events All Forex Traders Need to Watch . There are a number of different economic reports and indicators put out throughout the year, and each can have a very significant impact on your forex trading efforts. Download a PDF version of this guide by filling out this form, or keep scrolling to read. ... Importance of Economic Indicators. Economic indicators are the key statistics that show the direction of an economy. Important economic events drive the forex price movements, therefore it is important to get famil-iarized of the global economic events in order to perform proper fundamental analysis, which will enable Forex traders to make informed trading decisions. As a forex trader, you need to know which Economic Indicator result will generate bullish and which bearish trend for some currency. You need to understand how Major Economic Releases and economic indicators affect the currency pair prices. this table below will help you to get a simple answer : Economic indicators can have a marked effect on Forex and CFD (contract for difference) prices. Accordingly, many traders keep a sharp eye on the economic calendar, to ensure that they are abreast of any potential volatility bumps that lie in the road ahead. Understanding the economic data that will influence interest rate decisions is therefore essential to success as a financial trader. The economic data that has the highest impact on the currency markets falls into five main categories. 1. Inflation. Inflation reports measure changes in prices over a certain time period. When inflation is either ...
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My name is Ivan Delgado, Market Insights Commentator at Global Prime and FX Trader. I am on a mission to pass on my decade-long knowledge by providing regula... Discover how to use economic indicators like CPI, PMI, Unemployment Rate to Identify, and Follow trends in Forex Markets. There's more... You will get access to a dashboard like Reuter's Eikon. We launched Forex Source in 2018 to help you adopt the fundamental trading approach. Learn how to turn news into profits with our market commentary Check out our new site here: https://bit.ly/33G7vAZ. S&P Global Ratings Chief U.S. Economist Beth Ann Bovino breaks down the economic outlook for 2020. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you ... Lesson 4 - Economic indicators and their affect on Forex prices - Duration: 6:42. Alpari UK 57,494 views. 6:42. Top Ten Coins To Watch In 2020 - Duration: 41:14. DataDash Recommended for you.