Economic Indciators Rankings

Saw this on another forum and thought it be useful to users here.

The following are U.S. economic indicators in order of importance:

GDP
Consumer Confidence
Federal Reserve Day
Greenspan Speaks
Philadelphia Fed Survey
Existing Home Sales
NAPM-Chicago
ISM MFG Index
ISM non-MFG Index
Jobless Claims
Construction Spending
Challenger Job Cut Report
Factory Orders
Employment Situation


Not so important economic indicators:
Help Wanted Index
Redbook
MBA Purchase Applications
Farm Prices
Money Supply
ICSC-UBS Store Sales
MBA Purchase Index
Wholesale Trade
BOE announcement
Chain Store Sales
Consumer Credit
Motor Vehicle Sales

From what I gather, the idea is to avoid trading prior/during these announcements to reduce unnecessary risk.

Comments, questions, hit reply.

What currency pair do you normally trade?

EUR and GBP.

Any reason why this Wednesday's AUD employment change figure is forcasted as low as -2K, seems like a big change.

one cannot rank the importance of indicators because of the fact that the economic situation may be biased on an indicator solely because of recent economic developments or short term fed's focus. However, by far, NFP is number one. After trade balance reports, GDP is usually non-volitile.

depends on currency pair your trading, you need to read monetary policy statements to see what concerns the banks have and what indicators they are watching.

some announcements though will always carry more weight than others, these can always change in popularity over the years, at the moment the usd favourite is the non farms, and tends to set the tone for the month with
regards to dollar strength/weakness

all others are as rated on forexfactory which seems to be pretty accurate

hope this helps

Hello Guys,

New here and would like to know if anyone has the effect on tomorrow's trade balance release?

Does this or has it moved a fair amount of pips in the past and can it make a sizeable move tomorrow morning?

thank for the input!

christian99