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GDP is published quarterly, and it is too long for companies to wait for GDP before making important decisions. Besides, different countries often have different methods of calculating GDP. Such a difference makes them practically incomparable.

Contrarily, an independent institution that counts PMI for many countries will certainly use a similar method. Unlike other economic reports published by government bodies, PMI is commonly held and published by private institutions. This ensures the independence of the survey and lends credibility to the result.

Continue Reading at Guide to PMI Data in Forex Analysis

Forex market manipulation involves trying to influence other traders' behavior to gain an advantage and potentially cause losses for others. Manipulators seek to control market prices, particularly in currency pairs, by pushing prices in their favor while leaving other traders with losing positions.

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The employment amount depends on the jobs available. Active employees will affect the economic condition of the country significantly. The best economic condition is when there are more job vacancies available, so it will decrease the unemployed level. On the contrary, the economic contraction will cause the rise of the unemployed level that endangers the economy.

Some indicators of the employment figures are usually released in a month, and one of them is Non-Farm Payroll AS that attracts many traders' attention. The indicators determine the employment amount outside the agriculture sector as the reflection of the economic power of the United States. In other countries of major currencies such as Australia, Canada, and the Euro area, the indicator is called the Employment Change.

Continue Reading at Everything You Need to Know About Fundamental Analysis

The only way to know the change of interest rates of any major country is by monitoring the economic calendar. Besides, the released schedule of the interesting announcement of central banks, which is released once a month, is also important. The demand for a currency will be very sensitive to the central bank interest rate. Traders using certain strategies like carry trade pay the most attention to the news of interest rates changes.

Continue Reading at Everything You Need to Know About Fundamental Analysis