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Friday, April 8, 2011

Basic Sets of Data Affecting Forex Prices

A forex investor must decide how significant economic data is and its potential impact upon rate movement. There are nine basic sets of data to look for and each will be released at a regularly scheduled time:

1. Interest Rate Decisions by Central Banks/Financial Policy Makers
2. Gross Domestic Product (GDP) rates
3. Retail Sales
4. Inflation (Consumer Price and Producer Price)
5. Unemployment
6. Trade Balance (Surplus or Deficit)
7. Business Confidence/Outlook Surveys
8. Consumer Confidence Surveys
9. Manufacturing Confidence/Outlook Surveys

Not all of these figures will have the same effect upon currency rates.

Source(s):
www.investorguide.com

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