Trading the Fundamentals: The Trader's Complete Guide to Interpreting Economic Indicators & Monetary PolicyIn today's ever-changing economy, the impact of economic indicators and economic policy has never been greater. Every economic indicator tells a story, the trader and investor must quickly decipher the story and take decisive action. Trading the Fundamentals - The Trader's Complete Guide to Interpreting Economic Indicators and Monetary Policy explains the significance, viability, and market impact of 23 of the most widely followed economic indicators. Michael P. Niemira and Gerald F. Zukowski, two top Wall Street economists examine and explain how each indicator behaves through every phase of the business cycle. If you hope to trade or invest profitably, you must understand how these fundamental indicators drive the financial markets. The authors also explain the Federal Reserve's effect on financial markets, from the decisions of the Federal Reserve Board to the implementation of monetary policy by the Federal Open Market Committee. Key signals to interpreting monetary policy changes are carefully outlined. A framework of the U.S. Treasury's debt management techniques and issuance also is included. Specific topics include: analyzing business conditions from market perspective, determining the significance of and market reaction to economic views, the reliability and limits of each indicator, the relationships between various indicators and Federal Reserve policy, and understanding how U.S. monetary policy conducted. Trading the Fundamentals offers a Wall Street perspective on using economic information for trading and investment decisions. |
Contents
Business Inventories and Sales | 12 |
Construction Expenditures | 23 |
57 | 33 |
Copyright | |
28 other sections not shown
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Trading the Fundamentals: The Trader's Guide to Interpreting Economic ... Michael P. Niemira,Gerald F. Zukowski No preview available - 1998 |
Common terms and phrases
92 Note accounts annual areas represent business Average High High basis budget business cycle recessions capacity utilization Characteristics Standard Share Commerce Department component consumer cycle recessions FIGURE cyclical deficit diffusion index durable Economic Indicator Information Employment Cost Index estimate existing home sales Expansion exports federal funds rate financial markets forecast Glance Market Significance Gross Domestic Product Historic Low Normal housing starts Index of Coincident industrial production industrial production index inflation inventories labor leading indicator Low Average High manufacturing measures month ago monthly NAPM PMI Normal Bounds Normal Normal Normal Historic open market operations payroll employment Percent Change personal income producer price index profits Purchasing Managers real GDP relationship repos represent business cycle repurchase agreements retail sales sector Series Characteristics Standard Shaded areas represent Share of Total statistical survey Total Deviation Observations trade turning points Typical Release U.S. dollar unfilled orders volatility