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Traders are constantly monitoring various economic indicators to identify trends in economic growth. Some of the most watched economic indicators include the Consumer Price Index, housing starts, gross domestic product and the Non-Farm Payrolls (NFP) employment report.

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Fundamental analysis is a method of forecasting the future price movements of a currency pair, based on economic, political, environmental and other relevant factors and statistics. In practice, many market players use technical analysis in conjunction with fundamental analysis to determine their trading strategy.

Here are the key factors to keep in mind today for Euro trades: