FINANCIAL MARKET COURSES
Japanese Equity Market
Receivable Finance (New)
Lending - An Introduction
The Lending Cycle
Commodities - An Introduction (Revised)
Commodities - Trading (New)
Commodities - Livestock (New)
Commodities - Softs (New)
Primer – MiFID II/MiFIR (New)
Understanding Private Wealth Management Business
Private Wealth Management Products & Services
Primer – Smart Beta (New)
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Economic Indicators – Business Cycles
The national accounts (primarily GDP) are the most comprehensive measure of economic activity available, and are also the most watched data because they amalgamate into a single framework all the different aspects that make up the total level of economic activity. However, GDP figures are only published on a quarterly basis in most economies, so the data are effectively out of date on the publication day. Furthermore, GDP incorporates a complex array of different aspects of the economy, which makes it subject to random factors and ‘noise’ that can obscure the underlying direction of economic activity.
Economists and market analysts therefore supplement GDP reports with a number of other economic indicators that are designed to interpret and forecast the business cycle. These indicators – leading, coincident, and lagging – are the focus of this course.
On completion of this course, you will be able to:
• Describe the four phases of the business cycle (expansion, peak, recession, and trough)
• Explain how leading indicators can be used to forecast turning points in the business cycle
• Identify the coincident indicators that are used to summarize the actual current state of the economy
• Describe how lagging indicators are used to confirm or refute inferences drawn from leading and coincident indicators
Topic 1: The Business Cycle
• Business Cycle Phases
• Interpreting & Forecasting the Business Cycle
Topic 2: Leading Indicators
• What are Leading Indicators?
• Types of Leading Indicators
• Composite of Leading Indicators
• Examples of Leading Indicators
• Leading Indicators – Financial Markets’ Reaction
Topic 3: Lagging Indicators
• What are Lagging Indicators?
• Examples of Lagging Indicators
Topic 4: Coincident Indicators
• What are Coincident Indicators?
• Examples of Coincident Indicators
• Coincident Indicators – Financial Markets Reaction
Economic Indicators – National Accounts - View Now
ESTIMATED COMPLETED TIME
Economic Indicators – Inflation & Employment
This course looks at a number of inflation and employment indicators in detail, and describes how these reports filter through to affect the prices of various financial instruments. A number of real-life examples from recent years are included to demonstrate how inflation and employment data impact financial markets in practice.
Other Courses In:
Economic & Technical Analysis
Economic Indicators - An Introduction
Economic Indicators - National Accounts
Economic Indicators - Inflation & Employment
Technical Analysis - An Overview
Technical Analysis - Charting
Technical Analysis - Tools & Techniques
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