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Excerpt from:  Forex Training
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June 20, 2008

Forex Training: Economic Data

Economic data affects FX trading on the currency market
One of the things you should do when developing a forex trading strategy or plan is to consider economic data. Economic data has become one of the driving forces behind FX trading on the currency market.

Strong economic data can indicate a strong economy, therefore supporting the currency (as the UK pound was supported retail sales data earlier this week).

Worries over an economy's performance, in turn, can cause a currency to falter in FX trading.
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Topic Tags:  currency, currency market, economic data, forex trading, forex trading strategy, forex training, FX trading, retail sales data, UK pound
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