If you are new to the world of global macro trading here is a brief intro to some of the economic data sets that you need to be following. Most can be found on the Federal Reserve web site, while others are on other government sites.
The first piece of data that a macro trader should be following is that of interest rates. Not just the ten year and two year but all years and styles. You need to know and track Treasury yields, corporate yields, and yields in other countries. By following several interest rates you will know the true cost of money and will be able to have more consistent returns and more good trades.
Another important data set for the macro trader is that of the PMI, alaso known as the purchasing manaber index the PMI does a great job of forecasting what will happen over the next few months. It really is one of the most useful numbers that come out each month.
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