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Economical Indicators
Economic indicators are important to Forex traders, because they represent vital data to understand the macro picture of a currency’s economy. They also help to anticipate future market activity and to determine whether a particular currency is over- or under valued. Macroeconomic indicators include figures such as growth rates, interest rates, inflation, employment, money supply and productivity.
There are many more indicators for the US economy than the ones listed here. But instead of listing the huge amount of
figures that exist, we will pick only the ones that are being followed by the vast majority of traders worldwide, and relate them to each other. We will study here:
Consumer Price Index (CPI)
Producer Price Index (PPI)
Gross Domestic Product (GDP)
Retail Sales
Personal Income
Trade Balance
Institute for Supply Management Manufacturing Index (ISM)
PhiladelphiaFed Index
Goods and Services Imports
US Economic indicator are more important than the other , you know why?
The first reason why the US Dollar is the king of the currency world is the fact that it is a part of each of the world’s most
actively traded currency pairs.
A second reason why the US Dollar is still the king of the currency world is because it is the world’s primary reserve
currency, accounting for over 63% of the world’s currency reserves. A reserve currency is a currency held by the governments/central banks of other countries in large quantities.
The last major reason why the US Dollar is still king of the currency world is because many major commodities such as oil, gold, and silver are priced in US Dollars, making access to US Dollars essential for anyone in the world who wants to purchase these products.
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