As we dive into another busy week filled with economic events, it’s crucial to sift through the noise and identify what might actually present tradable opportunities.
The Chinese GDP growth rate refers to the annual percentage change in the country’s Gross Domestic Product (GDP). It serves as a key indicator of China’s economic performance and reflects the overall health and strength of its economy
The New Zealand inflation rate is a critical economic indicator that can significantly influence forex trading. When the inflation rate in New Zealand is high, it can lead to a decrease in the value of the New Zealand dollar (NZD)
The Job Openings and Labor Turnover Survey (JOLTS) is a monthly report released by the U.S. Bureau of Labor Statistics (BLS)
The ISM Services PMI (Purchasing Managers’ Index) is an economic indicator that measures the activity level of the services sector in the United States
The ISM Manufacturing Survey (PMI) is a key economic indicator that measures the performance of the manufacturing sector in the United States
MBA mortgage applications refer to the data collected by the Mortgage Bankers Association (MBA) on a weekly basis. These applications include requests for new mortgages, as well as applications for refinancing existing mortgages
New home sales refer to the process of selling newly constructed residential properties to buyers. These properties can range from single-family homes to condominiums and townhouses
Industrial production is an essential economic indicator that measures the output of manufacturing, mining, and utilities sectors within a country
The unemployment rate measures the percentage of the labor force that is currently unemployed and actively seeking employment. It is calculated by dividing the number of unemployed individuals by the total labor force and multiplying the result by 100
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