You may have wondered when you see violent movements in the markets and there are strong movements occurring on the chart, why all these violent movements and what is their source?
The answer is simply the economic news that is issued successively by major countries or that is related to the financial markets and is scheduled with fixed dates and can be enjoyed through the economic calendar.
Here, we will help you identify the most important economic indicators and important news that you must follow, but before all of this, we will first learn about the concept of economic indicators.
The concept of economic indicators:
It is a set of statistics and economic reports that are used to measure the performance of various sectors of the economy to evaluate the economic situation and know the extent of the strength or weakness of the economy, in addition to the ability to predict the economic situation in the future. Economic indicators are issued periodically - annually, quarterly, monthly, or weekly. There are many Economic indicators for each country.
The most important economic indicators that you should follow:
1 - Central bank meetings and interest rates:
Reports of the Central Bank's movements, the results of monetary policy committee meetings, the plan to deal with economic conditions, and interest rate announcements are among the most important news affecting the markets.
2- Employment and labor market indicators:
They are called labor market indicators, and they include unemployment rates, workers’ wages, and unemployment benefits, and they are what most concern decision-makers in any country. The indicators that reflect the state of the job market are among the most important economic factors that must be taken into account.
3- Price and wage indicators:
They are indicators that measure the rate of change in prices, wages, and the volume of consumer spending. Thus, they reflect the levels of inflation in the economy, such as the Consumer Price Index and the Producer Price Index.
4- GDP indicators:
They are indicators that measure the general level of production within the country, and these indicators are monitored in a way that gives a general picture of the level of economic growth in the country, the most famous of which is the Gross Domestic Product (GDP) index.
5- Trust indicators:
They are indicators that reflect the extent of confidence and degree of optimism or pessimism of the components of the economy, such as producers, consumers, and investors.
