Forex Data Guide Part 2
Here is the second list of guides to help the trader interpret and analyze the different kinds of data for Forex. Forex data is released everyday, with some weekly, and some monthly.
1) Employment Situation: This has the number of job payrolls at non-farm establishments. The unemployment rate will have the average earnings, for hourly and weekly work. This report is one of the most watched statistics for economics, because of its accuracy.
The payroll is an important report that indicates the growth of the economy. If there are increases in employment the economic growth will be faster, as well. The increase in the unemployment rate is associated with the contracting economy, and the declining of the interest rates. An increase in employment is forecasted if the trend on the average workweek is upward.
2) Gross Domestic Product: The Gross Domestic Product, or GDP, is the measurement of the dollar value of the services and goods produced inside the United States' border. The data is always available in real dollars. The investors are monitoring the growth rates, since they are just adjusting to inflation.
The growth of the GDP leads to the acceleration of inflation, while the lower increase symbolizes a weak economy.
3) House Prices: This is the assessment of the monthly prices and changes that are released by Nationwide and Halifax Banks. The strong prices of the house will bind to boost the consumer's spending, and short-term economy.
4) Industrial Production and Utilization of Capacity: Some fluctuations of the economy are sometimes caused by factors like weather, that influence the electricity output levels. When there are high production levels the manufacturing sector will perform well.
5) International Trade: This details the measures that indicate the difference of exports and imports of U.S. services and goods. These imported/exported goods and services have significant impact on economic activity.
The trade balance changes with individual countries, and measures the difference of exports leaving U.S., and the imports that are arriving there: the difference is the monthly balance of traders.
