Definition: In the US, the Federal Reserve's primary goal is to keep a sustained growth of the economy with full employment and stable prices. The information provided by the GDP index is a gross measure of the big economical picture. Representing the monetary value of all the goods and to signal services produced by an economy over a specified period, the real GDP is the most comprehensive measure of the country's production and it is indicative o…
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Economic indicators are important to Forex traders, because they represent vital data to understand the macro picture of a currency’s economy. They also help to anticipate future market activity and to determine whether a particular currency is over- or under valued. Macroeconomic indicators include figures such as growth rates, interest rates, inflation, employment, money supply and productivity. There are many more indicators for the US economy than the…
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