What You Should Read
The key economic facts that affect your financial positions are the following:
Market Direction- Found by looking at the S&P 500 index and the Nasdaq 100 index and observing if price action is trending up or down on a daily or weekly chart depending on your time horizon.
Unemployment Rate - Keep an eye on the unemployment rate and the direction it is going which is more important than the actual number. Unemployment data can be found here.
Interest Rates - FOMC policy is reflected in interest rates. Low interest rates makes money cheaper allowing companies to make more money that turns into higher earnings which lead to higher stock prices. Increasing interest rates can slow the gains of financial instruments, but they may not necessarily go down which is why you must always pay attention to market direction. It doesn't matter what Bernanke says, it matters what Bernanke does to interest rates.
Free Download of Real News About Financial Markets In Free Ebooks
Free download of Pocket Book of Economic Indicators is one of the free ebooks on financial markets this site offers. Turn off CNBC, Jim Cramer and the parade of pundits talk about the financial markets, but when was the last time you made money based on opinion? Instead of wasting time with opinions on the financial markets, you can spend just minutes analyzing economic facts that determines the true value of the financial markets.
There are about a half dozen reports that are released to investors and traders at the same time so even the financial institutions don't get and advantage. If you simply read these economic reports you will have the raw data that influence the moves of the financial markets everyday. If you have no idea about CPI, PMI or ECI, get your free download of Pocket Book Of Economic Indicators in a free Ebook now.
Pocket Book Of Economic Indicators
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Here are some of the most important economic reports you must know: 1) beige book which the FOMC uses to adjust interest rates, 2) Consumer Price Index (Inflation gauge) 3) Durable Goods, 4) Home Sales, 5) Retail Sales. These reports give hard data to the health of the financial markets and future prospects of the stock market, futures market, options market and related markets. Read the Free Ebook of Economic Indicators and you will understand the impact of the major economic reports on financial markets as well as anyone. Most of the economic reports are common sense. For example, If housing starts are up, the economy is probably doing well. If retail sales fall by 30%, trouble is ahead as companies will likely miss earnings as profit falls due to missed sales forecast. And best of all its a Free Download.
There may be no time in history where knowing the real facts about the economy has been more important. In an age where so many express opinions as facts and so many facts are misleading, it requires a way of filtering all the noise. Ironically the filter is the U.S. government and institutions that supply economic data. This data is analyzed by every major financial institution and professional investors around the world. No investor can afford to not be informed and like so many of the best things in life, it is free.