Forex economic indicators. Detailed explanation on various forex economic indicators and how to trade using these indicators
The CPI measures inflation (a sustained rise in prices in an economy) as experienced by consumers in their day-to-day living expenses. The increase in the CPI is what most people think of as the “inflation rate.” It is used by retailers in predicting future price increases, by employers in calculating salaries and by the government in determining cost-of-living increases for Social Security.
Nonfarm payroll employment is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market. The NFP report causes one of the consistently largest rate movements of any news announcement in the forex market.