When it comes to noise, these five indicators create the loudest. They could sway the markets to make drastically irrational price moves. So, it’s probably worth noting their release time and date (which, can be found here: http://www.bloomberg.com/markets/economic-calendar/)
CPI: Consumer Price Index
The CPI is the most widely cited inflation indicator and is used as a measure of the price levels of goods and services purchased by consumers. The CPI is considered by industry experts as the best measure of the underlying inflation rate in the US Economy.
The Employment Report
Made up of two separate surveys, the Household Survey (60,000 households) and the Establishment Survey (373,000 businesses), the Employment report produces the unemployment rate figures.
Gross Domestic Product (GDP)
The components of GDP includes, consumption, investment, net exports, government acquisitions, and inventories.
Housing Starts and Building Permits
Housing Starts are a measure of the number of residential units on which construction has begun each month. A start is defined as the beginning of excavation of the foundation for the building. Housing starts are led by building permits, but permits are not required in all regions of the country, therefore, Starts figure is more telling.
Retail Sales
If your basket of stocks contain Dow Industrial bell weathers, then you might want to pay attention to this figure. This is a measure of the total receipts of retail stores. Often analyzed excluding figures for automobiles, food and gasoline, it’s the changes from month to month here that we’re looking for to identify shifts in consumer product demand. The figure exclude sales of services.
These are important indicators to consider when you are trading on your own and more can be found on the site provided.
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