Inflation and Forex

The rate of inflation is the rise in overall prices and is strongly correlated to rising interest rates. Higher interest rates tend to support a local currency. Forex traders generally use 7 economic indicators to measure inflation. They are:

• Producer Price Index (PPI)
• Consumer price Index (CPI)
• GNP Deflator
• GDP Deflator
• Employment Cost Index (ECI)
• Commodity Research Bureau’s Index (CRB Index)
• Journal of Commerce Industrial Price Index (JoC)

Each of these will be covered in more detail in upcoming Forex Digest blogs.

For more information about forex trading for novice to advanced forex traders, check out Forex Trading Essentials, a website containing forex tools, forex broker info, currency charts, trading systems.

For weekly economic indicators for other country's currencies, consult this Forex Calendar.

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Forex Economic Indicators for the US - Week of 2/3/08

Forex Economic Indicators for the US Economy for the week of February 3, 2008 are listed below:

Date	Time*	Description	Forecast	Previous
2/4/2008	12:30	Challenger Job Cuts YoY	n/a	-18.70%
2/4/2008	15:00	Factory Orders	0.80%	1.50%
2/5/2008	15:00	ISM Non-Manf. Business	53	53.9
2/5/2008	22:00	ABC Consumer Confidence	n/a	n/a
2/6/2008	13:30	Nonfarm Productivity	2.00%	6.30%
2/7/2008	13:30	Continuing Claims	n/a	n/a
2/7/2008	15:00	Pending Home Sales MoM	-0.50%	-2.60%
2/7/2008	18:30	ICSC Chain Store Sales YoY	n/a	0.90%
2/7/2008	20:00	Consumer Credit	$8.0B	$15.4B
2/8/2008	15:00	Wholesale Inventories	0.003	0.60%

* Times listed are GMT


For more information about forex trading for novice to advanced forex traders, check out Forex Trading Essentials, a website containing forex tools, forex broker info, currency charts, trading systems.

For weekly economic indicators for other country's currencies, consult this Forex Calendar.

Technorati tags : forex, forex trading, currency, currency trader, currency pairs, learn forex, make money, forex trading essentials, global currency exchange, trade currencies, forex broker, forex trading systems

Forex Trading for the currency trader whose only goal is to make money!