{"id":3897,"date":"2022-09-20T23:41:48","date_gmt":"2022-09-20T21:41:48","guid":{"rendered":"https:\/\/www.forexsrovnavac.cz\/mag\/?p=3897"},"modified":"2022-09-20T23:47:14","modified_gmt":"2022-09-20T21:47:14","slug":"nejdulezitejsi-ekonomicke-ukazatele","status":"publish","type":"post","link":"https:\/\/www.forexsrovnavac.cz\/mag\/nejdulezitejsi-ekonomicke-ukazatele\/","title":{"rendered":"Nejd\u016fle\u017eit\u011bj\u0161\u00ed ekonomick\u00e9 ukazatele pro Forex"},"content":{"rendered":"

Je t\u0159eba vz\u00edt v \u00favahu, \u017ee ekonomick\u00e9 ukazatele jsou relativn\u00ed<\/strong> a mus\u00ed b\u00fdt porovn\u00e1v\u00e1ny mezi dv\u011bma zem\u011bmi m\u011bnov\u00e9ho p\u00e1ru. To znamen\u00e1, \u017ee pokud nap\u0159\u00edklad britsk\u00fd HDP prudce vzroste, nemus\u00ed to nutn\u011b znamenat, \u017ee britsk\u00e1 libra bude m\u00edt v\u011bt\u0161\u00ed n\u00e1r\u016fst hodnoty ne\u017e euro<\/strong>. Je tak\u00e9 t\u0159eba sledovat v\u00fdsledky z Evropsk\u00e9 unie, abychom mohli p\u0159edv\u00eddat pohyb m\u011bnov\u00e9ho p\u00e1ru. Jak\u00e9 jsou tedy nejd\u016fle\u017eit\u011bj\u0161\u00ed ekonomick\u00e9 ukazatele pro tradera na forexu?<\/p>\n

1. \u00darokov\u00e9 sazby<\/h2>\n

Jsou jedn\u00edm z nejd\u016fle\u017eit\u011bj\u0161\u00edch ukazatel\u016f fundament\u00e1ln\u00ed anal\u00fdzy, kter\u00e9 mus\u00ed obchodn\u00edk sledovat. \u0158\u00edk\u00e1 se, \u017ee „sv\u011bt se to\u010d\u00ed kolem pen\u011bz, ale pen\u00edze se to\u010d\u00ed kolem \u00farokov\u00fdch sazeb“. Pokud je nap\u0159\u00edklad \u00farokov\u00e1 sazba v USA vy\u0161\u0161\u00ed ne\u017e v jin\u00fdch zem\u00edch, st\u00e1vaj\u00ed se USA atraktivn\u00edm m\u00edstem pro ulo\u017een\u00ed pen\u011bz. \u00daroky z \u00faspor jsou vy\u0161\u0161\u00ed, a proto roste popt\u00e1vka po dolarech.<\/p>\n

    \n
  • Zem\u011b s vy\u0161\u0161\u00ed \u00farokovou sazbou p\u0159itahuje v\u00edce zahrani\u010dn\u00edch investor\u016f, co\u017e vyvol\u00e1v\u00e1 popt\u00e1vku a n\u00e1sledn\u011b r\u016fst m\u00edstn\u00ed m\u011bny.<\/li>\n<\/ul>\n

    Jak funguj\u00ed \u00farokov\u00e9 sazby?<\/h3>\n

    Kdy\u017e ekonomika zem\u011b upad\u00e1 a podniky jsou nerv\u00f3zn\u00ed z budoucnosti, hledaj\u00ed zp\u016fsoby, jak u\u0161et\u0159it. D\u016fsledkem m\u016f\u017ee b\u00fdt sn\u00ed\u017een\u00ed investic. Centr\u00e1ln\u00ed banka m\u016f\u017ee sn\u00ed\u017eit \u00farokovou sazbu, kterou \u00fa\u010dtuje men\u0161\u00edm bank\u00e1m za p\u016fj\u010dov\u00e1n\u00ed pen\u011bz. To zp\u016fsob\u00ed, \u017ee men\u0161\u00ed banky sn\u00ed\u017e\u00ed sv\u00e9 \u00farokov\u00e9 sazby a zlevn\u00ed p\u016fj\u010dov\u00e1n\u00ed pen\u011bz. Levn\u011bj\u0161\u00ed \u00fav\u011bry podporuj\u00ed v\u00fddaje, a t\u00edm i hospod\u00e1\u0159sk\u00fd r\u016fst.<\/p>\n

    Centr\u00e1ln\u00ed banky, kter\u00e9 kontroluj\u00ed a prov\u00e1d\u00ed m\u011bnovou politiku, v\u010detn\u011b zvy\u0161ov\u00e1n\u00ed\/sni\u017eov\u00e1n\u00ed \u00farokov\u00fdch sazeb:<\/p>\n

      \n
    1. USD – Feder\u00e1ln\u00ed rezervn\u00ed syst\u00e9m<\/li>\n
    2. EUR – Evropsk\u00e1 centr\u00e1ln\u00ed banka.<\/li>\n
    3. GBP – Bank of England.<\/li>\n
    4. JPY – Bank of Japan.<\/li>\n
    5. CHF- \u0160v\u00fdcarsk\u00e1 n\u00e1rodn\u00ed banka.<\/li>\n
    6. CAD – Bank of Canada.<\/li>\n
    7. AUD – Reserve Bank of Australia<\/li>\n<\/ol>\n

      Co se stane, kdy\u017e se sn\u00ed\u017e\u00ed \u00farokov\u00e9 sazby?<\/strong><\/em><\/span><\/p>\n

        \n
      • Pokud je p\u016fj\u010dov\u00e1n\u00ed pen\u011bz levn\u011bj\u0161\u00ed, firmy a spot\u0159ebitel\u00e9 v\u00edce utr\u00e1cej\u00ed, co\u017e podporuje ekonomiku.<\/li>\n
      • Ni\u017e\u0161\u00ed \u00farokov\u00e9 sazby znamenaj\u00ed ni\u017e\u0161\u00ed v\u00fdnos z naspo\u0159en\u00fdch pen\u011bz. Lid\u00e9 jsou motivov\u00e1ni pen\u00edze sp\u00ed\u0161e utr\u00e1cet ne\u017e \u0161et\u0159it.<\/li>\n
      • Banky maj\u00ed p\u0159\u00edstup k „levn\u011bj\u0161\u00edm pen\u011bz\u016fm“ a mohou sn\u00ed\u017eit n\u00e1klady na hypot\u00e9ky.<\/li>\n
      • Hodnota nemovitost\u00ed roste, proto\u017ee si je m\u016f\u017ee dovolit v\u00edce lid\u00ed<\/li>\n
      • Znehodnocen\u00ed m\u011bny. Pokud nap\u0159\u00edklad Brit\u00e1nie sn\u00ed\u017e\u00ed \u00farokov\u00e9 sazby, stane se pro investory m\u00e9n\u011b atraktivn\u00ed a popt\u00e1vka po lib\u0159e klesne.<\/li>\n<\/ul>\n

        Rostouc\u00ed \u00farokov\u00e9 sazby<\/strong><\/span><\/p>\n

          \n
        • Samoz\u0159ejm\u011b to m\u00e1 opa\u010dn\u00fd \u00fa\u010dinek ne\u017e jejich sn\u00ed\u017een\u00ed. Kdy\u017e trhy o\u010dek\u00e1vaj\u00ed r\u016fst \u00farokov\u00fdch sazeb, m\u011bna dan\u00e9 zem\u011b m\u00e1 tendenci r\u016fst. To byl jeden z d\u016fvod\u016f, pro\u010d USD na za\u010d\u00e1tku roku 2022, kdy Fed zva\u017eoval zv\u00fd\u0161en\u00ed \u00farokov\u00fdch sazeb, vzrostl.<\/li>\n
        • Kdy\u017e zem\u011b s ni\u017e\u0161\u00edmi \u00farokov\u00fdmi sazbami za\u010dne zvy\u0161ovat sazby, m\u016f\u017ee l\u00e1kat investory, i kdy\u017e jsou st\u00e1le ni\u017e\u0161\u00ed ne\u017e v jin\u00fdch zem\u00edch.<\/li>\n
        • Chytr\u00fd trader se bude sna\u017eit vstoupit na trh je\u0161t\u011b p\u0159ed skute\u010dn\u00fdm zv\u00fd\u0161en\u00edm, aby z\u00edskal n\u00e1skok p\u0159ed ostatn\u00edmi.<\/li>\n<\/ul>\n

          2. Inflace<\/h2>\n

          N\u011bkdy se ozna\u010duje jako dynamika ekonomiky. Vzpom\u00edn\u00e1te si, jak v\u00e1m rodi\u010de \u0159\u00edkali, kolik d\u0159\u00edve st\u00e1l chleba? Jsem si jist\u00fd, \u017ee to byl zlomek sou\u010dasn\u00e9 ceny. Pokud si pen\u00edze ulo\u017e\u00edte na p\u011bt let pod matraci, koup\u00edte si za n\u011b m\u00e9n\u011b ne\u017e nyn\u00ed. Toto zhodnocov\u00e1n\u00ed nebo naopak znehodnocov\u00e1n\u00ed hodnoty pen\u011bz se naz\u00fdv\u00e1 inflace.<\/p>\n

          Inflace se m\u011b\u0159\u00ed jako procentn\u00ed n\u00e1r\u016fst ceny ur\u010dit\u00e9ho zbo\u017e\u00ed za m\u011b\u0159en\u00e9 obdob\u00ed<\/strong>, nast\u00e1v\u00e1, kdy\u017e je na trhu v\u00edce pen\u011bz ne\u017e zbo\u017e\u00ed. Tyto situace jsou norm\u00e1ln\u00ed pro rostouc\u00ed ekonomiky, kde lid\u00e9 postupn\u011b vyd\u011bl\u00e1vaj\u00ed a utr\u00e1cej\u00ed v\u00edce pen\u011bz, ale dovoz s nimi nedr\u017e\u00ed krok.<\/p>\n

            \n
          • V\u00fdhody inflace<\/li>\n<\/ul>\n

            Inflace je zn\u00e1mkou rostouc\u00ed ekonomiky. To znamen\u00e1, \u017ee zem\u011b po hospod\u00e1\u0159sk\u00e9 krizi o\u010dek\u00e1vaj\u00ed n\u00e1r\u016fst inflace. Ukazuje ochotu lid\u00ed utr\u00e1cet pen\u00edze. Pokud jste si p\u016fj\u010dili pen\u00edze p\u0159ed inflac\u00ed a osoba, kter\u00e1 v\u00e1m pen\u00edze p\u016fj\u010dila, neo\u010dek\u00e1vala inflaci, mus\u00edte vr\u00e1tit m\u00e9n\u011b pen\u011bz, ne\u017e jste si p\u016fj\u010dili. Pokud v\u00e1\u0161 plat roste s inflac\u00ed, nem\u00e1te d\u016fvod k obav\u00e1m. Hor\u0161\u00ed je, pokud v\u00e1\u0161 plat roste pomaleji ne\u017e inflace.<\/p>\n

              \n
            • Nev\u00fdhody inflace<\/li>\n<\/ul>\n

              Nejistota ohledn\u011b budoucnosti zp\u016fsobuje, \u017ee firmy a lid\u00e9 utr\u00e1cej\u00ed m\u00e9n\u011b. Pokud jste ten, kdo si p\u016fj\u010duje, dostanete zp\u011bt m\u00e9n\u011b, ne\u017e jste si p\u016fj\u010dili.<\/p>\n

              3. Deflace<\/h2>\n

              Je to opak inflace. Zp\u016fsobuje pokles cen zbo\u017e\u00ed a slu\u017eeb. Na chv\u00edli to m\u016f\u017ee b\u00fdt v po\u0159\u00e1dku, ale z dlouhodob\u00e9ho hlediska to zp\u016fsobuje v\u00edce probl\u00e9m\u016f ne\u017e u\u017eitku.<\/p>\n

              Lid\u00e9 nemaj\u00ed r\u00e1di nejistou budoucnost. Kdy\u017e ceny klesaj\u00ed, m\u00edsto aby se nakupovalo v\u00edce, doch\u00e1z\u00ed k opaku. Za\u010dnou si myslet, \u017ee ceny budou d\u00e1le klesat, a tak vy\u010dk\u00e1vaj\u00ed a utr\u00e1cej\u00ed je\u0161t\u011b m\u00e9n\u011b. To m\u016f\u017ee vyvolat \u0159et\u011bzovou reakci, kter\u00e1 vede ke stagnaci.<\/p>\n

                \n
              • Lid\u00e9 nenakupuj\u00ed > ceny klesaj\u00ed > spot\u0159ebitel\u00e9 vy\u010dk\u00e1vaj\u00ed, proto\u017ee si mysl\u00ed, \u017ee ceny p\u016fjdou je\u0161t\u011b n\u00ed\u017e > firmy nemaj\u00ed p\u0159\u00edjmy a propou\u0161t\u011bj\u00ed zam\u011bstnance > s rostouc\u00ed nezam\u011bstnanost\u00ed se situace zhor\u0161uje > nakupuje se st\u00e1le m\u00e9n\u011b a mnoho firem krachuje…<\/li>\n<\/ul>\n

                4. HDP – hrub\u00fd dom\u00e1c\u00ed produkt<\/h2>\n

                Je jedn\u00edm z kl\u00ed\u010dov\u00fdch ukazatel\u016f, kter\u00e9 hodnot\u00ed situaci a stav ekonomiky zem\u011b. P\u0159edstavuje celkovou hodnotu v\u0161ech slu\u017eeb a v\u00fdrobk\u016f vyroben\u00fdch v dan\u00e9 zemi za dan\u00e9 obdob\u00ed. P\u0159i obchodov\u00e1n\u00ed obvykle sledujeme procentn\u00ed zm\u011bnu HDP za \u010dtvrt roku.<\/p>\n

                Zdrav\u00e1 ekonomika vykazuje r\u016fst HDP mezi 3,0 % a 3,5 %. Pokud je HDP \u0161est m\u011bs\u00edc\u016f po sob\u011b z\u00e1porn\u00fd, je to zn\u00e1mka po\u010d\u00ednaj\u00edc\u00ed recese.<\/p>\n

                  \n
                • Pokud je HDP vy\u0161\u0161\u00ed, m\u016f\u017ee to znamenat zv\u00fd\u0161enou inflaci. Ni\u017e\u0161\u00ed HDP zase pravd\u011bpodobn\u011b ukazuje na sn\u00ed\u017eenou spot\u0159ebitelskou popt\u00e1vku a rostouc\u00ed nezam\u011bstnanost.<\/li>\n<\/ul>\n

                  5. M\u00edra nezam\u011bstnanosti<\/h2>\n

                  Ukazuje celkovou pracovn\u00ed s\u00edlu v zemi, kter\u00e1 byla v uplynul\u00e9m m\u011bs\u00edci nezam\u011bstnan\u00e1. M\u00edra nezam\u011bstnanosti m\u00e1 velk\u00fd vliv na s\u00edlu m\u011bny, proto\u017ee p\u0159\u00edmo ovliv\u0148uje hospod\u00e1\u0159sk\u00fd r\u016fst zem\u011b.<\/p>\n

                    \n
                  • Pokud je skute\u010dn\u00e1 m\u00edra nezam\u011bstnanosti ni\u017e\u0161\u00ed, ne\u017e se o\u010dek\u00e1valo, m\u00e1 to pozitivn\u00ed vliv na m\u011bnu. Tot\u00e9\u017e plat\u00ed i obr\u00e1cen\u011b.<\/li>\n<\/ul>\n

                    6. Kvantitativn\u00ed uvol\u0148ov\u00e1n\u00ed (QE)<\/h2>\n

                    Kdy\u017e v letech 2008-2009 za\u010dala krize, mnoho centr\u00e1ln\u00edch bank sn\u00ed\u017eilo \u00farokov\u00e9 sazby na nulu nebo pod nulu. Ani to v\u0161ak k o\u017eiven\u00ed hospod\u00e1\u0159sk\u00e9 aktivity nesta\u010dilo. Dal\u0161\u00edm krokem byly mechanismy, kter\u00e9 vh\u00e1n\u011bly do ob\u011bhu nov\u00fd kapit\u00e1l. Jedn\u00edm z t\u011bchto mechanism\u016f bylo kvantitativn\u00ed uvol\u0148ov\u00e1n\u00ed.<\/p>\n

                    Kdy\u017e centr\u00e1ln\u00ed banky prov\u00e1d\u011bj\u00ed kvantitativn\u00ed uvol\u0148ov\u00e1n\u00ed, v podstat\u011b tisknou (v\u011bt\u0161inou digit\u00e1ln\u00ed) pen\u00edze. Za tyto nov\u00e9 pen\u00edze nakupuj\u00ed obrovsk\u00e9 mno\u017estv\u00ed „dluhopis\u016f“ (obligac\u00ed, obligac\u00ed) men\u0161\u00edch bank, \u010d\u00edm\u017e zvy\u0161uj\u00ed sv\u016fj disponibiln\u00ed kapit\u00e1l. Men\u0161\u00ed banky mohou tyto pen\u00edze samoz\u0159ejm\u011b pou\u017e\u00edt k poskytov\u00e1n\u00ed nov\u00fdch \u00fav\u011br\u016f a hypot\u00e9k, co\u017e by m\u011blo zp\u016fsobit o\u017eiven\u00ed ekonomiky.<\/p>\n

                      \n
                    • Kdy\u017e je kvantitativn\u00ed uvol\u0148ov\u00e1n\u00ed p\u0159esv\u011bd\u010div\u00e9 a lid\u00e9 maj\u00ed pocit, \u017ee centr\u00e1ln\u00ed banka d\u011bl\u00e1 v\u0161e pro odvr\u00e1cen\u00ed recese, m\u016f\u017ee to samo o sob\u011b nastartovat ekonomiku.<\/li>\n<\/ul>\n

                      6. Politick\u00e9 ud\u00e1losti<\/h2>\n

                      Volby, referenda, odvol\u00e1n\u00ed nebo r\u016fzn\u00e9 skand\u00e1ly maj\u00ed obrovsk\u00fd dopad na hospod\u00e1\u0159skou situaci zem\u011b. To samoz\u0159ejm\u011b ovliv\u0148uje sm\u011bnn\u00fd kurz m\u011bnov\u00e9ho p\u00e1ru, v n\u011bm\u017e je dan\u00e1 zem\u011b uvedena.<\/p>\n

                        \n
                      • Zem\u011b s nestabiln\u00ed politickou situac\u00ed vyvol\u00e1v\u00e1 v investorech nejistotu a strach. To jsou v\u011bci, kter\u00e9 \u017e\u00e1dn\u00fd investor nevyhled\u00e1v\u00e1, a proto hled\u00e1 m\u00edsto, kam by mohl vlo\u017eit sv\u00e9 pen\u00edze.<\/li>\n<\/ul>\n

                        Odliv pen\u011bz zp\u016fsobuje zv\u00fd\u0161en\u00ed nab\u00eddky oproti klesaj\u00edc\u00ed popt\u00e1vce, co\u017e vede k poklesu hodnoty m\u011bny.<\/p>\n

                        Z\u00e1v\u011br<\/h2>\n

                        Ekonomick\u00fdch ukazatel\u016f a faktor\u016f<\/strong>, kter\u00e9 ovliv\u0148uj\u00ed aktu\u00e1ln\u00ed kurzy m\u011bn, je samoz\u0159ejm\u011b v\u00edce. Ale ty, kter\u00e9 zmi\u0148ujeme, pat\u0159\u00ed k nejd\u016fle\u017eit\u011bj\u0161\u00edm. Ka\u017ed\u00fd obchodn\u00edk, kter\u00fd to s obchodov\u00e1n\u00edm mysl\u00ed v\u00e1\u017en\u011b, by m\u011bl sledovat ekonomick\u00fd kalend\u00e1\u0159 a zejm\u00e9na prohl\u00e1\u0161en\u00ed p\u0159edstavitel\u016f r\u016fzn\u00fdch centr\u00e1ln\u00edch bank. Nikdo nem\u00e1 r\u00e1d nep\u0159\u00edjemn\u00e1 p\u0159ekvapen\u00ed a volatilita na trhu po d\u016fle\u017eit\u00e9m ozn\u00e1men\u00ed je jednou z takov\u00fdch ud\u00e1lost\u00ed.<\/p>\n","protected":false},"excerpt":{"rendered":"

                        Je t\u0159eba vz\u00edt v \u00favahu, \u017ee ekonomick\u00e9 ukazatele jsou relativn\u00ed a mus\u00ed b\u00fdt porovn\u00e1v\u00e1ny mezi dv\u011bma zem\u011bmi m\u011bnov\u00e9ho p\u00e1ru. To znamen\u00e1, \u017ee pokud nap\u0159\u00edklad britsk\u00fd HDP prudce vzroste, nemus\u00ed to nutn\u011b znamenat, \u017ee britsk\u00e1 libra bude m\u00edt v\u011bt\u0161\u00ed n\u00e1r\u016fst hodnoty ne\u017e euro. Je tak\u00e9 t\u0159eba sledovat v\u00fdsledky z Evropsk\u00e9 unie, abychom mohli p\u0159edv\u00eddat pohyb m\u011bnov\u00e9ho […]<\/p>\n","protected":false},"author":1,"featured_media":3898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Nejd\u016fle\u017eit\u011bj\u0161\u00ed ekonomick\u00e9 ukazatele pro Trading na Forexu","_seopress_titles_desc":"Nejd\u016fle\u017eit\u011bj\u0161\u00ed ekonomick\u00e9 ukazatele pro Trading na Forexu. Kter\u00e9 ud\u00e1losti ovliv\u0148uj\u00ed kurzy m\u011bn? Vliv ekonomick\u00fdch ukazatel\u016f na Finan\u010dn\u00ed Trh.","_seopress_robots_index":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[212],"tags":[],"class_list":["post-3897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomicke-ukazatele"],"modified_by":"Krpensk\u00fd Martin","_links":{"self":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/3897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/comments?post=3897"}],"version-history":[{"count":0,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/3897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media\/3898"}],"wp:attachment":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media?parent=3897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/categories?post=3897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/tags?post=3897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}