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Forex Trading Reviews :
Hope you had a marvelous weekend! It’s time to get back to work now and put all your energy into new opportunities. We are back today with the important economic news of the week. They may have effects on GBP, USD, and EUR.Make sure you are ready for the trade to start!
Forex Trading Reviews
Tuesday, March 30
U.S. CB Consumer Confidence – USDConference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism.Usual effect:A higher than expected reading should be taken as positive for the USD, while a lower than expected reading should be taken as negative for the USD.
Wednesday, March 31
U.K. Gross Domestic Product Annualized – GBPGross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.Usual effect:A higher than expected reading should be taken as positive for the GBP, while a lower than expected reading should be taken as negative for the GBP.
U.S. ADP Nonfarm Employment Change – USD The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government’s non-farm payroll report. The change in this indicator can be very volatile.Usual effect:A higher than expected reading should be taken as bullish for the USD, while a lower than expected reading should be taken as bearish for the USD.
Forex Trading Reviews
Thursday, April 1
Germany Retail Sales – EURGerman Retail Sales measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. It is the primary indicator of consumer spending, which accounts for the majority of economic activity.Usual effect:A higher than expected reading should be taken as positive for the EUR, while a lower than expected reading should be taken as negative for the EUR.
U.S. ISM Manufacturing PMI – USDThe Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. 
Usual effect:A higher than expected reading should be taken as bullish for the USD, while a lower than expected reading should be taken as bearish for the USD.
Friday, April 2
U.S. Nonfarm Payrolls – USDNonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.Usual effect:A higher than expected reading should be taken as positive for the USD, while a lower than expected reading should be taken as negative for the USD.
That’s basically it. Hold the wheel firmly and let these changes be the wind that favours your trading sail!
Forex Trading Reviews.
SuperForex

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