How macroeconomics influences forex
When investing in Forex, more than one investor will be interested in learning the macroeconomic data of the currency he is investing in. We can use this to determine whether the trend is going to be bullish or bearish. Any macroeconomic indicator that we use is not an absolute indicator of the trend, but it can be very useful in conjunction with others.
The first step would be to verify first the GDP (Gross Domestic Product) in order to examine the economy as a whole. When it is growing, it could lead to higher interest rates and greater monetary liquidity, provided it doesn't grow concurrently with a rise in inflation and unemployment.
The first step would be to verify first the GDP (Gross Domestic Product) in order to examine the economy as a whole. When it is growing, it could lead to higher interest rates and greater monetary liquidity, provided it doesn't grow concurrently with a rise in inflation and unemployment.
Mar 03, 2022 20:32