Forex Blog: it's all about the info, falks
As I already stressed on previous posts, in order to become a successful trader, it is fundamental and mandatory to keep informed and posted about the financial, macroeconomic and political factors.
I don't know whether you are aware of the fact, but there is a specialized team of academic experts that are responsible for defining whether there is a situation of depression based on specific indicators.
Turns out the depression definitions are also a "scientific" business (as finances itself), that is till the day thousands of experts are astonished and taken by surprise by a huge hurricane that took them completely unguarded.
The data collected by this experts is open to everyone through the NBER site (National Bureau of Economic Research) and, among other subject covers the field of "Historical Recessions and Recoveries, the NBER Business Cycle Dating Committee" and "Economic Indicators and Releases".
Just FYI, I have just visited the site and there is still no mention of the present recession (latest event is "The December 2007 peak".
Those definitions are based on a number of factors that include: unemployment, industrial production and output, personal incomes and business sales.
The forex market is, naturally, influenced by the data published on prestigious sites like this, as well as from all additional macroeconomics factors and fundamentals.
But let us remember that always, always there are concealed unexpected factors that cannot be predicted beforehand, and the best example is… have you guessed already? The present recession caused mainly by a group of credit instruments offered widely to the public with the main idea of doing big profits.
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