July 3, 2020
Breaking News

Effect of gdp in forex market – GDP & Forex Trading

By on June 12, 2020 0 3 Views
Recommended Links



Effect of gdp in forex market – GDP & Forex Trading

GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country.Consequently, greater volatility in the forex market is closely observed during the GDP release.

WHAT FOREX TRADERS NEED TO KNOW ABOUT GDP

What is GDP?

Developed in 1934 by Simon Kuznets, the Gross Domestic Product (GDP) measures the output and production of finished goods in a country’s economy. Usually, GDP is measured in three different time periods: monthly, quarterly and annually. This enables economists and traders to get an accurate picture of the overall health of the economy.

Leave a comment

Your email address will not be published. Required fields are marked *