Economic Data Indicators with explainations. Can someone help?

It's always been on my mind that the economic data report which is reported everyday creates the major ups/downs in the market. However, there's some of the report i don't know what is the effect toward the particular currency. I've gathered some of the indicators with explainations here. Please kindly add in on what's missing in here (such as ZEW survey, trade balance, producer&import prices... etc etc) with the explainations of the influence to the forex. ( for example, what happens if the consensus goes up/down compared with previous month). This list would be helpful for newbie forex traders like me ( I hope I'm not the only one.... )

Here's the list I've got

 

1. Beige Book
2. Chicago Purchasing Managers' Index (PMI)
3. Consumer Confidence Index
4. Consumer Price Index (CPI)
5. Durable Goods Orders
6. Employment Cost Index (ECI)
7. Employment Situation
8. Existing Home Sales
9. Gross Domestic Product (GDP)
10. Housing Starts and Building Permits
11. Industrial Production and Capacity Utilization
12. Initial Claims
13. ISM Manufacturing Index
14. ISM Services Index
15. New Home Sales
16. Personal Income and Consumtion
17. Philadelphia Fed
18. Producer Price Index (PPI)
19. Retail Sales
20. International Trade

I've attached a pdf file in this thread for those who wants the explainations for above. And those experienced locals/traders, please kindly post up whatever's left missing here Thanks~

Dont worry I am in the same boat as you.. Haa..

do you have info about economic data indicators to share which is yet to explained in this thread thebird83?

This one may have some additional items. I like this one because you'll see a "Why investors care" link which explains how investors usually interpret report results.

http://www.nasdaq.com/econoday/calen...ily/index.html

Regards,

stockwet

that is the most complete information i've ever read. unless, someone else would like too to share more informations.... Thanks stockwet & Bemac

I've a new question from today.

US Empire's Manufacturing Index (APR) dropped miserably to 15.8 from a previous month of 31.2 and a consensus of 24. This i could understand and spells dollar down.

But Net Foreign Securities Purchases (TICS) (FEB) had unexpectedly rose to 68.6B from previous at 66B and consensus of 60B.

How do we judge on what's more important on these economic indicators to fully understand on the point of the economic data release, so we go to the wrong direction and makes a big hole in our wallet. Thanks

I'm sure there is a good explanation on which one has more weight and what not...

The question is not limited to a good or bad effect...the NET effect is important.

With that said, there are some mitigating factors. THE APR was released a lot earlier, which caused a large uptick during the period of time. There was a noticeable downtick when the TIC was released, but I wonder if maybe the movement prior to the APR was so strong that the TIC became less relevant. Think of it this way...with a lot of volatility going in one direction, sometimes, the trend is just that hard to break...thus, with over an hour and a 1/2 of USD weakness, TIC data just wasn't a powerful enough indicator to move the trend in the other direction. Let's just say the world put on rose-colored glasses when it came to reading the TIC report AFTER the APR trend confirmation.

That being said, any indicator has the potential to reverse the thinking...but Dollar shorts were waiting for any chance to attempt 1.2300 for the last 2 weeks...without Euro-bank intervention, this line-up played out exactly as one would have thought.

I've no reason to see why EUR/USD can't break 1.2300 level and in fact it would and MIGHT possibly hit 1.2347 2005 Jan High as the top resistance on what i see it... I know this issue is out of this thread, but i really hope to see some views from experienced traders.