Economic measurements take a huge part in fundamental analysis especially in FOREX trading. The most common economic measurements, methods and indexes are more or less same, but with different names, in economic powerful countries in the world (USA, Japan, Germany, France, Italy- € zone, UK, Australia, Canada, Switzerland and New Zealand).
Most important gauges are:
- GDP (Gross domestic product) – value of all goods and services produced in country
- Current account aka Balance of payments – analyzes all international transaction between country and rest countries world wide.
- Unemployment rate (Jobless rate) – value in percentage based on unemployed workforce persons
- CPI (Consumer price index) – index measures changing in prices for a fixed basket of consumers purchasing goods and services
- Industrial production – indexes the country’s all industry output measured on yearly, quarterly or monthly basis
- Trade balance – different between country’s exports and imports...continue
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