The Economic Situation Report and the Forex Market

The Forex market, like most investment markets, is often glued to economic reports that are published on a monthly or even quarterly basis. Some of the more common economic reports or indicators that can influence and shape trade decisions in an investment market are the Consumer Price Index (CPI), the Gross Domestic Product (GDP), the Housing Price Index (HPI), and the Employment Situation Report. The Employment Situation Report is one of the most popular indicators around, where changes in the employment rate and hourly wage rates can influence overall currency rates