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Economic indicators help to give a complete idea of the national economy of a country and characterize an economic decline or expansion. They provide an opportunity to predict price trends and future situations at the foreign currency market.
The publishing of economic data can cause serious oscillations at the forex online market. The most leading economic indicators are the following:
Other economic indicators are also listed in this section.
The influence of publishing leading economic indicators depends how they will be interpreted by market players. The rate can move both up and down and cause an increase or correction of an active trend, or even create a new one. The result will be mostly influenced by the current market situation, the economic situation in the countries whose currency is involved, the expectations and sentiments of market players, and the value of the particular indicator as well.
The date and time of publishing of every economic indicator is known well in advance. They are highlighted in the calendars of economic indicators and the most important events of any country. The market prepares itself for the publishing of economic indicators beforehand; efforts are made to predict the values of indicators and their influence on the market situation.