Trading Strategy

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? November 7th 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? 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? November 7^th at 8:30am Eastern Time.

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

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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? November 7^th at 8:30am Eastern Time.

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

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What is it? Governor Carney is due to participate in a panel discussion titled "Central Banking: The Way Forward" at the International Symposium of the Banque de France, in Paris.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

Usual Effect: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.

When? November 7^th at 5:15am Eastern Time.

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

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US stocks climbed and reached new levels once again. Markets were boosted by data and political events.

Asian markets turned lower today. The Nikkei first gained as the Dollar rallied to a 7 year high against the Yen, reaching a high of ¥115.5

European markets are mixed today as traders turned hesitant ahead of the ECB interest rate decision and press conference. Analysts do not expect any changes to be introduced.

Oil stopped declining. The EIA reported that oil only increased by 460,000 barrels, much lower than the expected growth of 1,900,000 barrels. Sentiment was also higher due to midterm elections, positive data and better than expected corporate earnings.

Gold is trading around a 4 year low around $1,144.7. The metal broke through its support level yesterday as the Dollar soared. Analysts believe that the price could now drop to $1000/ounce as the safe haven appeal has worn off as the economic outlook for the U.S continues to improve. The price could now begin to range ahead of tomorrow’s Nonfarm Payroll report.

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The Importance of Diversification

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

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