GDP (gross domestic product) - this is the main indicator in the evaluation of economic activity. GDP includes the total value of all goods and services provided in a particular state for the annual reporting period. This indicator refers to the lagging economic indicators, that is a criterion that is finally formed after the onset of a certain phase of economic development.
In order to properly correlate with other indicators of GDP traders resorted to using two auxiliary statements: preliminary and refined. If the index of the final version will be very different from these preliminary documents, this may result in increased volatility in the Forex. GDP for the state can be compared to net gross profit, which is used to assess the financial condition and investment attractiveness. GDP growth refers to growth of domestic economic indicators of the state and vice versa.
The next equally important factor is the retail sales. This figure includes the total income of the retail shops located in the territory of a particular state. Output the final figure for this indicator by conducting special studies. This report is extremely useful for analysts, as capable of real time monitoring of the trend of costs for all consumers. It is noteworthy that the level of retail sales is seasonal and changes significantly under the influence of this factor. This indicator is widely used not only to assess the current economic situation, but also to predict the key lagging indicator.
Amount of influence on the movement of exchange rates schedule of economic indicators is large enough. In this case, there is also a body of research of a private nature, which may be even more useful if properly targeted use of their findings. However, take into account all these parameters at the same time is not possible. Important in fundamental analysis is not only capture numbers, but also the right to draw conclusions about the impact of various factors on the economy. Professional use of data on key economic indicators allows experienced traders get a good profit.