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Forex market What economic indicators affect the Forex?
avatar wymanthegreat001
Question by: Orion - 23 Dec 2014, 06:57:54
What economic indicators affect the Forex?
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Answers (2)
avatar user 4097
Answer by: dothecray - 23 Dec 2014, 07:03:14

Almost all economic indicators affect the Forex because currencies are heavily influenced by how their economy is doing. Reports and statistics on retail sales, inflation, purchasing managers index, and gross domestic product are some of the popular examples.

avatar user 4472
Answer by: Henry - 04 Feb 2015, 03:36:57

An economic indicator is only useful if one interprets it correctly. History has shown strong correlations between economic growth (as measured by GDP) and corporate profit growth. However, determining whether a specific company will grow its earnings based on one indicator is nearly impossible. Indicators give us signs along the road, but the best investors will utilize many economic indicators, looking for patterns and verifications within different sets of data.

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