In particular, data on reserve currencies are being tracked more and may affect many currencies by nature. For this reason, basic analysis followers pay special attention to economic calendar data.
Of course, the economic data that are explained positively in the ordinary economic conditions will positively affect the current operation. Because when the confidence in economics in the real sector rises, investments begin to increase. The increase in investments increases the demand for money and as a result the country’s currency responds to this demand with a rise. The usual functioning of this economy is to rule. Except in some special cases, positive affirmations of the value of the country currency are forced to rise against currencies of other countries.
It is quite natural that there will be serious jumps in the market immediately after the announcement of extremely high-quality data such as non-agricultural employment data. It should be noted here that the movements that will occur within this fluctuation are likely to jump first in the opposite direction. For this reason, it is generally advised not to have open positions in this confusion in order to protect the capital of small investors during such a busy period.
It is assumed that economic data will affect prices according to their importance. Given that the high-conservative data are caused by fluctuations in severity, the low-conservative data may be neglected or neglected by the price. The effects of economic data can be understood in time.
You can access the information from our Economic Calendar page.
In the economic calendar, the main data and importance ratings are as follows:
NON-AGRICULTURAL EXCHANGE CHANGE (NFP) IMPORTANCE LEVEL:***
The most important data that contains the report on the employment status of all employees outside the agricultural sector. The direction of the dollar is considered as an important criterion having the power to determine. It is a very important indicator of the healthy development of the economy. The report tries to estimate the number of salaried workers in the United States. Agricultural workers, workers at home, profit-free businesses do not participate in the account. The remaining part constitutes 80% of the income. The high rate of delivery could have a positive impact on the USD.
It is published on the first Friday of every month at 15:30 CET.
ADP NON-AGE EMPLOYMENT CHANGE IMPORTANCE LEVEL:***
The data published by the ADP two days before the official employment agency is considered a good estimate of the official non-agricultural employment data. Therefore, it is an important data point taken into consideration by the markets. Positive momentum may show an uptick in USD.
The non-agricultural employment data will be published two days ago on Wednesday.
EMPLOYMENT TERMS IMPORTANCE LEVEL:***
The weekly data is generated by the evaluation of the unemployment insurance applications that occurred during the week. Unemployment insurance applications are perceived as an important indicator for the exchange of unemployment, and as a result there is a significant weekly bias. A lower than expected figure may have a positive impact on the USD.
It runs every Thursday on Thursdays.
US UNEMPLOYMENT RATIO (%) IMPORTANCE LEVEL:***
The unemployment rate, one of the indicators that best reflects the current economic situation of the country, is determined by a survey among 60,000 households and 375,000 enterprises. The usual unemployment rate for an economy is usually expected to be between 4% and 5%. It will not be wrong to expect the USD to strengthen when unemployment falls.
It is published on Fridays on a monthly basis.
GDP – GROSS DOMESTIC PRODUCT (GDP) IMPORTANCE LEVEL:***
Describes the market value of manufactured goods and services during the period. Income earned by US citizens abroad is deducted when the earnings of foreign companies operating in the United States are included. GDP provides information about whether an economy of an individual is growing or stagnating. The positive development of the GDP, which is a very important indicator, may lead to an increase in the value of the USD.
It is calculated as monthly data, which is published as quarterly data about 5 weeks after the end of a month.
RETAIL SALES (RETAIL SALES) IMPORTANCE LEVEL:***
Calculates monthly differences between total retail sales. The disclosure time is the one that reflects the most uncertain consumer spending style. Adjusted according to seasonal variables, vacation times and transaction days differences. The acceleration in retail sales can be seen as a positive development in the economy. Therefore, positive increases can lead to appreciation of the USD.
It is announced at the end of the first half of each month.
INDUSTRIAL PRODUCTION IMPORTANCE LEVEL:**
In a country, the total amount of production made in factories, mines and infrastructure services can be seen at certain time intervals.