Alex's Review
- Donald Herison
- Hits: 1908
Unemployment Rate (AUD) – 10/06
- Donald Herison
- Hits: 1149
What is it? It checks the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
When? June 10th at 9:30pm Eastern Time.
Trading Tip: If the actual number is lower than the forecast, you can expect the AUD to rise.
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Employment Change (AUD) – 10/06
- Donald Herison
- Hits: 1167
What is it? It checks the change in the number of employed people during the previous month.
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
When? June 10th at 9:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.
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Official Cash Rate (NZD) – 10/06
- Donald Herison
- Hits: 1399
What is it? It checks the interest rate at which banks lend balances held at the RBNZ to other banks overnight.
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.
When? June 10th at 5:00pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.
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