Sentiment indicators: business and consumer sentiment. If the releases are strong, look for the appreciation of the currency. Any increase in the published data tells us that the economy is growing. Output indicators: GDP, industrial production, retail sales.
We would now like to introduce the most influential economic indicators and define their impact on the prices of the currencies.
To respond to economic releases in a proper way you need to understand the relationship between statistical reports and the exchange rates of the currencies in question. These statistics help us monitor the market’s drivers and react to their slightest changes. Economic indicatorsĮconomic indicators are snippets of economic and financial data released by private and governmental agencies. So, there are fundamental or, in other words, economic factors, that influence currency exchange rates.
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