Forex Economic Calendar For Today
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Trading Forex with Fundamental Analysis and Economic Calendar. Trading Forex with Fundamental Analysis and Economic Calendar. Damyan Diamandiev May 6, 2017; No comments; Money as we know it means different things to different people. For some, it is a means to an end, for others, it is a symbol, it shows a status.
8 min read Some of the major market moving events on the calendar today are the Unemployment Rate and Employment Change in UK, the release of the RBA Meeting Minutes, the Industrial Production and the NAHB Housing Market Index for the US Economy and a Fed Chair Powell Testimony. There is also a speech by BoE Governor Carney. Moderate to high volatility should be expected today in the forex market, mainly for the British Pound and the US Dollar.
There is also an EU-Japan Summit. These are the key economic events in the forex market for today: European Session • UK: BoE Governor Carney Speech, Average Earnings Including Bonus, Average Earnings Excluding Bonus, Claimant Count Change, Unemployment Rate, Employment Change Time: 08:00 GMT, 08:30 GMT Important macroeconomic data will be released today for the UK economy, the Unemployment Rate and Employment Change. Lower than expected figures for the Unemployment Rate, and the Claimant Count Rate, and higher than expected for the Employment Change are considered positive and supportive for the British Pound, reflecting a strong labor market and higher job growth which leads to economic expansion. The Claimant Count Change measures the number of people who claim unemployment benefits but are actively seeking for employment.
The economic calendar today includes very few economic news and reports with a low to moderate expected volatility in the forex market. Economic Calendar. FXCM's Economic Calendar is an easy way to keep track of important economic events that could impact your trading. Quickly analyze previous data sets against market consensus, and check volatility for potential trade ideas. Forex Economic Calendar Bot on Telegram chatbot on BotList - BotList Higher interest rates make holding the Yen more attractive to 2014 investors, and this higher level of demand will place upward pressure on the value of the Yen.
“The unemployment rate in the UK stood 4.2 percent in the three months to April of 2018, the same as in the previous period and the lowest since 1975. Figures came in line with market expectations.”, Source: Trading Economics. how does auto binary signals work As seen from the above chart the UK Unemployment Rate for the past three consecutive months has been reported at 4.2%, a 42-year low. The forecasts are for an unchanged Unemployment Rate of 4.2%, an increase for the Claimant Count Change at 2.3K, compared to the previous figure of -7.7K, an increase for the Employment Change at 150K, higher than the previous reading of 146K, and an unchanged figure for the Average Earnings Including Bonus at 2.5%. A positive earnings growth is considered positive for the British Pound as it can lead to higher consumer spending and economic growth. Overall mixed economic data is expected for the UK economy. An economic surprise, a positive one for Employment Change may provide further support for the British Pound.