Markets do not react to the raw economic number, they react to the surprise against consensus. Here is what CPI, NFP, GDP, and PMI actually measure, and why the same print can be bullish or bearish depending on the regime.
Every asset you can trade is a promise to pay money in the future, and the interest rate is the price of that future money. Change it and every claim reprices. Here is the one mechanism that links stocks, bonds, currencies, and commodities.
Every month, a handful of economic data releases move the forex market more in five minutes than most sessions move in five days. Non-Farm Payrolls, CPI prints, and central bank rate decisions create violent spikes, whipsaws, and trend shifts that can make or break a trading account.
Every quarter, publicly traded companies publish earnings reports that reveal how much money they made, how much they spent, and what they expect going forward. For traders, these reports create the biggest single-day price moves of the year.