Macroeconomic data (indicators)
What is macroeconomic data?
Macroeconomic data - These are the most important economic indicators of different countries used by analysts, investors, traders to forecast the market situation. Macrostatistics reflects important aspects of the economic situation in a particular country or region. Such data include information on the level of employment and production volumes, GDP, Inflation et al.
Why does a trader need macroeconomic data?
Macroeconomic indicators of the country are the most important indicator of the state of the state economy and, as a consequence, an indicator of the strength of the national currency according to the principle "the stronger the economy, the stronger the national currency". Macroeconomic data is one of the main tools of fundamental market analysis.
The release of macroeconomic data affects all types of trading: both intraday and medium to long term trading.
Before, during and after the release of the most important economic indicators, currency pairs demonstrate increased volatility and in intraday, short-term trading can easily close a position on a stop-loss.
In medium- and long-term trading, macroeconomic statistics are used to forecast the outlook for the Central Bank's monetary policy and, accordingly, long-term currency trends.
Where to look for macroeconomic indicators?
Most macroeconomic data is released according to a certain schedule set by the issuing organization, for example, once a week or once a month. Most brokers and resources dedicated to trading publish a calendar of economic events, where the results of the most important macroeconomic data releases are updated online.
What are the most important macroeconomic data?
Since the main currency is the US dollar, some of the most anticipated macro statistics are reports on performance in the US, which is currently the world's leading economy and the importer that many industries and countries rely on.
The most important indicators for any currency can be considered to be the data that allow assessing further actions of the Central Bank of the country (reduction/increase of the interest rate, easing/strengthening of the monetary policy, conducting currency interventions). These are GDP growth rates, changes in the inflation rate and unemployment rate.
Macroeconomic data online
Useful articles on the topic
- More about some macroeconomic indicators
- How do I calculate and predict the real U.S. Federal Reserve interest rate?
- America's Macroeconomic Indicators
- Economic calendar: the main events of the month, which have an impact on the markets
- The economic calendar and features of trading on the fundamental analysis at