JacqStone
Newbie
Joined: Jul 27, 2011
Posts: 134
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 Posted: Wed Sep 21, 2011 4:47 am Post subject: FUNDAMENTAL ANALYSIS ON FOREX MARKET |
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Economic fundamental provide the most significant information to traders. The impact of economic data tends to be long term oriented. Nevertheless, not all economic data is significant for the Forex market.
Economic indicators are reports published at a fixed time intervals by government and private organizations. Economic indicators illustrate the detail of a country's economic performance whether it has improved or declined. This economic statistics are analyzed to predict the movement of the Forex trading market. An economic indicator that shows a strong country's economy condition will enhance the currency exchange rate to rise. Every economic indicator does not have the similar impact on the market every time. The date and time of release of economic data is very important to adjust a foreign exchange position. Information on upcoming economic indicators can be found in newspapers and business magazines. Besides, critical announcement or events can also be found at economic calendar as shown in table 1. Economic calendar mainly contains information of the date, time, type of events and the forecast impacts on the market.
Here are some lists of economic report that have most significant impacts on the market:
Gross Domestic Product (GDP)
Gross National Product (GNP)
Industrial Production
Inflation reports
Merchandise Trade Balance
Employment Rate
Retail Sales
Economic indicators are reports published at a fixed time intervals by government and private organizations. Economic indicators illustrate the detail of a country's economic performance whether it has improved or declined. This economic statistics are analyzed to predict the movement of the Forex trading market. An economic indicator that shows a strong country's economy condition will enhance the currency exchange rate to rise. Every economic indicator does not have the similar impact on the market every time. The date and time of release of economic data is very important to adjust a foreign exchange position. Information on upcoming economic indicators can be found in newspapers and business magazines. Besides, critical announcement or events can also be found at economic calendar as shown in table 1. Economic calendar mainly contains information of the date, time, type of events and the forecast impacts on the market.
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