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What is it? It checks the number of individuals who filed for unemployment insurance for the first time during the past week.

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. Unemployment is also a major consideration for those steering the country's monetary policy.

When? November 6th at 8:30am Eastern Time.

 

Trading Tip: If the number is lower than the forecast, you can expect the USD to rise.

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What is it? ECB President and Vice President speaks.

It's the primary method the ECB uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

When? November 6th at 8:30am Eastern Time.

 

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the EUR to rise.

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4 Tips for Today's Trading

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What is it? It checks the change in the total value of new building permits issued.

It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

When? November 6th at 8:30am Eastern Time.

 

Trading Tip: If the number is higher than the forecast, you can expect the CAD to rise.

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

4 Tips for Today's Trading

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

 

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What is it? It checks the change in interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system.

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? November 6th at 7:45am Eastern Time.

 

Trading Tip: If the number is higher than the forecast, you can expect the EUR to rise.

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

4 Tips for Today's Trading

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook/Twitter:

 

 

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