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Forex Trading: Economic Indicators for Euro-Zone

Author: Roderick Source: Unknown Click: times
Each country and region has its own economic indicators that allow investors in FX trading to make estimates about whether the economy is struggling or thriving in order to wisely trade for that country's currency. Presented are some of the economic indicators for the Euro-zone.
German GfK Consumer Report
This report is presented monthly, during wholesale rivet tools the last week, by the GfK Group. The German GfK Report provides information about consumer spending in three major business sectors throughout Europe, Custom Research, Retail, and Technology and Media. A survey collects information from over 340,000 retail sources and the GfK Group compiles it into a report makes estimates about the current market.
The report breaks down the general growth or decline by country, shares information of particular areas that have experienced change (for example the March 2011 report states that small appliances had dynamic growth), values the worth of entire sectors of industry (such as the IT) and further breaks down what product sales are driving that industry (like personal computers for the IT sector), and compares the current consumer market with past ones to see if any historical parallels can be identified. All of these factors allow the investor to make intelligent decisions with his/her forex broker.
Euro-zone Unemployment Rate
This report is released monthly, during the first week, and provides information about the employment for two months prior. Produced by The European Commission, this report breaks down different sectors of industry and provides information on each industry, including news, publications, and upcoming events. The website provides information about riveters manufacturer new technologies and advances in practices that could affect profits, consumer attraction to a product, or other potential changes nail equipment that could benefit a particular industry, thereby driving up its value. This report keeps the wise forex broker and trader alike informed about shifts in industry that could raise the value of the currency.
European Central Bank Rate Announcement and Press Conference
The monthly release by the European Central Bank (ECB) President and Vice President informs the general public whether the ECB has decided to raise, lower, or maintain current interest rates. The ECB analyzes data in order to determine areas such as market inflation, unemployment, GDP, and cost of living versus income. With this information, they decide whether or not to intervene in making changes to influence the market. They try to control decisions that would best provide for economic success and stability. Forex trading is interested in this report because the ECB does a lot of nail supplies research for their announcement, so the information they have is very valuable. A report stating dramatic changes could imply significant changes in the currency's FX trade value.
German Industrial Production
The Federal Statistics Office Germany releases this monthly statement six weeks after the particular month wholesale spa equipment being reported on. This information is specific wholesale beauty equipment to Germany, which is crucial as it is one of the world's leading markets. Included are a wide-array of articles, detailing everything from industry reports (such as air tourism numbers), statistical rivet nuts information (like wholesale nail equipment migration background and households with a flat screen television), and economic and financial data for Germany. These tidbits can be used to predict how the Euro will shift in value.
Patrick Kalashnikov is a freelance writer who's got a bunch of great info on general forex trading and popular forex trading platforms. To get in touch with a forex broker that offers free practice accounts, visit www.vertifx.com
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