Common effect: If the published number is lower than the forecast at the release time, it will positively affect the related currency. ▶️The number of unemployed people is an essential signal of a country's overall economic health because a country's consumption costs have a lot to do with the conditions of a country's labor market. On the other hand, unemployment rates are significant for those who determine a country's monetary policy. That is why the announcement and result of this rate are important for traders.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the US Dollar. ▶️This data is published monthly. This data is significant since it monitors economic activities such as the employment of different sectors and the investment of people and important sectors. Therefore, it can be important for traders.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is published monthly. ▶️This event represents the change in the price of goods and services sold by producers, excluding food and energy producers. ▶️The price of food and energy makes up about 40% of the total producer price index, which is why this data is of great importance for traders.
Common effect: If the published number is lower than the forecast at the release time, it will positively affect the related currency. ▶️This data is published monthly, and it shows the percentage of unemployed people who actively looked for a job in the month leading to the publication of this data. ▶️Since the number of unemployed people is an essential signal of a country's economic health, this data is significant for traders.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is published monthly and shows the change in the number of working individuals in the month before this news release. ▶️Since job creation is one of the essential indicators of consumer spending, which accounts for the majority of economic activities, this data is significant for traders.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️Food and energy prices make up about a quarter of the CPI, but these prices are highly volatile and distort the underlying trend. The Federal Reserve's open market office usually pays more attention to the underlying data. That's why this data is significant for traders along with other data.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is usually published monthly. ▶️We can say that consumer prices make up most of the country's inflation. Inflation is essential for currency valuation because rising prices cause the central bank to raise interest rates out of respect for its mandate to curb inflation. Therefore, it can be important for traders. ▶️To calculate this important data, the average price of different goods and services is sampled and compared with the previous sample.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is published monthly. ▶️We can say that this data is the broadest measure of economic activity and the primary measure to show the UK economy's health. Therefore, it can be important for traders.
Common effect: If the published number is higher than the forecast at the release time, it will positively affect the related currency. ▶️This data is published monthly. ▶️We can say that this data is a leading indicator to show how healthy the economy is, as investors and analysts are aware of the current economic conditions due to their jobs, and changes in their sentiments can be an early signal of future economic activities. Therefore, it can be significant for traders.
Common effect: If the published number is lower than the forecast at the release time, it will positively affect the related currency. ▶️This data is published monthly. ▶️Although generally considered a lagging indicator, the number of unemployed people is a significant signal of the overall economic health because consumer spending is closely related to labor market conditions. Unemployment is also one of the main considerations for those who determine the country's monetary policy, so this data can be important for traders. 🟥Note: Lagging indicators need a lot of time to change and affect the market.