#firstdealofthenewyearastylz Economic indicators are essential in FOREX trading as they reflect a country's economic health and influence currency values. Key indicators include: GDP: Strong GDP strengthens a currency; weak GDP weakens it. Inflation (CPI & PPI): High inflation can weaken a currency unless it leads to higher interest rates. Interest Rates: Higher rates attract investment, boosting the currency. Employment Data: Low unemployment strengthens a currency; high unemployment weakens it. Trade Balance: Surpluses strengthen the currency, while deficits weaken it. Sentiment Indicators (CCI & PMI): Positive sentiment boosts a currency; negative sentiment leads to depreciation. Geopolitical Events: Uncertainty can weaken a currency, while safe-haven currencies (USD, JPY, CHF) appreciate in crises.