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What economic indicators should I refer to when buying and selling foreign exchange?
Detailed explanation of some important economic indicators

Unemployment rate

As a barometer reflecting a country's macroeconomic development, it indicates the current and future development of the country's economy, which will inevitably affect the formulation of monetary policy and have a major impact on the exchange rate.

non-farm payroll employment

the employment report data of the United States are released together with the unemployment rate. Usually the announcement time is Friday of the first week of each month.

GNP

at present, every country publishes it quarterly, which shows the sum of all the production and services of all departments in the country in a period of time in monetary form, is a comprehensive performance of different economic data, and reflects the current economic development.

GDP

At present, every country publishes it quarterly, showing all the economic activities of the country in a certain period of time, including the profits generated by foreign companies investing and establishing subsidiaries in its territory.

PPI

shows the cost of commodity production (the change of the price of raw materials), which affects the change of commodity price in the future, thus affecting the change of consumer price and consumer psychology in the future.

Consumer price index CPI

reflects the price changes that consumers currently spend on goods and services, and shows the changing situation of inflation, which is an important indicator for people to observe inflation in this country.

Personal Income

includes all income obtained from wages and social welfare, which reflects the actual purchasing power level of individuals in this country and predicts the changes of consumers' demand for goods and services in the future.

personal consumption expenses

includes personal spending on goods and services, which is an important indicator to measure residents' consumption expenditure. Consumer confidence index reflects the country's people's optimism about its economic development, and indicates the changes in future consumption expenditure.

industrial production index

the industrial production index reflects the total production of the country's production and manufacturing industries.

Housing Starts

an indicator to measure the activity of the construction industry in this country, because the construction industry is the leading industry in the cycle of economic development and change, it indicates the future economic changes.

purchasing managers' index PMI

is a barometer reflecting the comprehensive development of manufacturing industry in terms of production, orders, prices, employees, delivery, etc. Usually, 5% is taken as the dividing line, and above 5% is considered as the expansion of manufacturing industry, while below 5% means the economic contraction.

national purchasing managers association index NAPM

the purchasing managers' index of the United States and the purchasing managers' index of Chicago were released two days before and after.

the Retail Sales Index

reflects the commodity transactions in the form of cash and credit cards in the retail industry excluding the service industry.

the Wholesale Price Index

reflects the wholesale prices of bulk materials excluding labor services, such as raw materials, intermediate goods, final products and import and export products.

foreign trade (trade balance)

reflects the comparison between the total foreign trade income of the country in a period, that is, the inflow and outflow of money. Generally, the importance of this data to the exchange rates of various countries is Japan, Britain, the euro zone and the United States.

Factory Order

reflects the demand of consumers, manufacturers or governments for future commodity output.

Durable Good Orders

refers to the ordering of non-perishable goods, such as vehicles and electrical appliances, which reflects the production and investment expenditure of manufacturers in a short period of time.

equipment utilization Capacity Utilization

The ratio of equipment utilization in industrial production, usually 8% of the equipment utilization rate is considered as normal idleness of factories and equipment.

Current Account

refers to the inflow and outflow of funds generated by the import and export of goods and services and investment between the country and foreign countries.

Business Inventory

reflects the demand for short-term credit in the business sector. The increase of commercial inventory may lead to the rise of short-term interest rates and the slowdown of economic development, indicating that the economy may enter a state of stagnation.

that's basically the above contents. In addition, we should pay attention to the recent major events in the world and the speeches of some important people for reference.