The 3 Major Players Of The Forex MarketsOverview of Economic Indicators
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GDP
Gross Domestic Product (GDP) is a measure of a country's economic output and overall health. It reflects the aggregate value of goods and services produced in a country over a period of time.
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Inflation
Inflation is a measure of the rate at which prices of goods and services are increasing. Higher inflation tends to depreciate a currency's value.
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Employment Data
Employment data provides information about the strength of a country's labour market. Key metrics include unemployment rate, nonfarm payrolls and wage growth.
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Trade Balance
The trade balance indicates the difference between a country's exports and imports. A trade surplus usually strengthens the country's currency, while a trade deficit usually weakens it.
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