In Singapore’s vibrant financial ecosystem, the forex market is a crucial arena for traders and investors seeking to capitalize on currency fluctuations. As a global financial hub, Singapore plays a significant role in the forex market, which is influenced by a myriad of factors. Economic indices are pivotal in driving forex market movements. This article delves into how economic indices impact the forex market, with a particular focus on their relevance to Singaporean investors and traders. Understanding Economic Indices Economic indices are statistical measures that reflect the economic health and performance of a country or region. They encompass a broad spectrum of economic activities and conditions, providing valuable insights into the state of the economy. Some key economic indices include:

1. Gross Domestic Product (GDP): Measures the total economic output of a country.
2. Consumer Price Index (CPI): Tracks changes in the price level of a basket of consumer goods and services.
3. Unemployment Rate: Indicates the percentage of the unemployed labour force and

...