ANALYSIS ON THE INFLUENCE OF SELECTED MACROECONOMIC INDICATORS (CONSUMER PRICE INDEX, TRADE BALANCE, NON-FARM PAYROLL, HOUSING STARTS, AND S&P 500) TOWARDS U.S. INDEX (PERIOD 2010 -2015)

Abstract

This research study analyzes the influence of lagging, coincident and leading indicators towards U.S. Index period 2010 – 2015. The problem stated is about the fluctuation of selected macroeconomic indicators affecting the movement of U.S. Index, strengthened by the occurrence of research gaps between theories and the actual empirical evidence in the foreign exchange rate market. The objective of this research is to analyze the lagging indicators which are Consumer Price Index and Trade Balance, coincident indicator which is Non-Farm Payroll and the leading indicators which are Housing Starts and S&P 500 towards U.S. Index period 2010 – 2015 which will give benefit and information on Indonesia economy condition. The methodology used in this study is quantitative research method using secondary data also the sampling method used is purposive sampling. The analysis of this research uses multiple linear regression analysis, with significance level of 0.05. The result shows that partially CPI and TB have a negative significant influence towards USDX along with NFP which has negative but insignificant influence, while HS and S&P 500 have positive significant influence towards USDX. Simultaneously all of the independent variables significantly influence the USDX, with the adjusted coefficient of determinant in this research is 64.8%.