What Are the Most Market Moving Economic Indicators for the U.S. Dollar?
By John Kicklighter (DailyFX) – 8 August 2006
It is irrefutable that news or economic data can elicit a sharp reaction from currencies and other financial markets. However not all economic data is created equal. The monthly Non–farm payrolls for example has had a far bigger impact on the US dollar than other perennial top market movers like consumer prices. Indicators rarely keep their same level of influence over a currency though; so it common to see major shifts in the top ranking from year to year.
Unlike the other numbers, the non-farm payrolls report consistently topped the list of most market moving indicators for the US dollar. As the US economy slowed in 2007 and into 2008, the stability of the labour market was closely watched by all traders and analysts because of its broad ramifications for the overall economy.
20 -Minute Range
Daily Range
Hourly and Daily Indicators
