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.

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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, I wait for about 20 minutes after the report is out before I trade it. Other times I just wait until the next week after the market has digested the relevance of that particular economic report.

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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.

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