NiaTradingSignals

The Construction Spending report must be one of the most underated economic reports and I have to admit, I have never bothered with it .Unless of course you are into construction and the construction labour market, it is of very little use to most traders.

The employment report is probably the most important economic report fot the forex trader. I am very sure that the reader has come accross all those " How to Trade the Employment Report " forex gurus . I personally prefer the GNP economic report as it has more information but it only comes out quarterly.It is very important for the forex trader to know when it is released. For those that trade the employment report ,of course you don’t want to miss it. for pure forex technical traders like me, …

Following our forex economic calendar topic ,how does New Homes Sales affect you as a trader? Especially following what has been going on the the USA stock and USD markets, how will it affect you as a forex trader?
New homes sales are important to measure as significant changes in consumer spending often appears in autos and homes first. It is not shocking to see that new homes sales will normally be the first economic measures to turn up before an economic rebound and first to decline before a recession.

The importance of the Gross National Product/ Gross Domestic Product ( GNP/GDP) can be seen by so many other indicators being created to try and predict the direction of the GNP/GDP.
GNP ie the Gross National Product ,is the total value of all final goods and services produced by a nation regardless of where the assets are located. That means the assets of a US company in Africa are counted in the final GNP. GDP on the other hand is the total value of goods and services produced within the boundaries …

This to me as a forex trader is the most important economic indicator. I don’t try to scalp it but it gives a general idea as to where the particular currency we are looking at might be heading. Unlike the romours and inuendo that Greenspan has a habit of offering recently at least this is quantifiable .
The Consumer Price Index measures the percentage change in a "basket of goods" to determine the inflation rates. The bureau of Statistics normally uses spending patterns for about 364 different consumer goods. I keep …