Forex Economi Indicator
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Bamsyul
Fundamental
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What moves EUR/USD?
US economic indicators by Rank:
1. US Non Farm Payroll — measures new jobs created in States.
2. Interest rates — FOMC rate decisions.
3. US Trade Balance, European Trade Balance — a proportion between exports and imports in US economy.
4. U.S. Current Account
5. US Treasury Inflow Capital (TIC) Data — a measure of how much foreign buying of country's securities takes place.
6. US Gross domestic product (GDP) — a measurement of growth in economy.
7. Federal Open Market Committee (FOMC) Rate Decisions — data about changes in currency rates.
8. US Retail Sales — a measure of strength of consumer expenditure.
9. Consumer price index (CPI) — a measure of inflation in Europe.
Note, that because the US dollar is involved in over 80% of all currency trades, US economic data tends to be the most important in the Forex market.
What moves USD/JPY?
Besides US economic indicators, there are important data of Japan economy with its indicators:
Bank of Japan Monetary Policy Meeting — decides on measures to preserve strength of the currency.
Japanese Trade Balance — Japanese imports versus exports.
Gross domestic product (GDP) — growth in an economy.
Consumer price index (CPI) — a measure of inflation.
Industrial production index — a measure of activity in the Japanese manufacturing sector
Retail sales — a measure of strength of consumer expenditure.
Tankan report — assessment of Japanese business conditions: proportion of "optimistic" businesses to "pessimistic" ones.
Unemployment rate
Fundamentals for GBP/USD
All US economic indicators should be watched plus:
UK Housing Prices — number one indicator for Pound, UK Housing Prices are primary gauge of inflation in the UK.
Bank of England Meeting — provides an outline of monetary policy and changes to currency interest rates.
UK Unemployment rate
UK Retail Sales
Sourcing:
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