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Username: BobM

Rating:
Guru Stars

Asked to: Dara Madee

Date Created: 24 Nov 2014
Category 28
Tag forex-article
Question What are economic indicators for?
Advice from Guru
Hi Bob,

Economic indicators are statistical data reflecting an economic situation within the separate state.

They may indicate the current status of certain economy sector in the country or describe the situation as a whole. The country’s GDP estimating can be an example of a general indicator.

Economic indicators’ movement has a direct impact on a currency exchange rate hence they are used by traders to determine current or future opportunities. Among economic indicators interest rates and inflation have the paramount importance for financial market participants.
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