TOOLS TRADES - How To Articles

Jun

Unemployment Claims - (USD) - 25/06

: Donald Herison; English; ANNOUNCEMENTS; 24 June 2015; 24

Jun; 10 February 2016; Hits: 1445

What is it? This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes.

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? At 08:30am Eastern time

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

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Jun

Trade Balance Statistics - (NZD) - 25/06

: Donald Herison; English; ANNOUNCEMENTS; 24 June 2015; 24

Jun; 10 February 2016; Hits: 1265

What is it? A positive number indicates that more goods were exported than imported. Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? At 06:45am Eastern time

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

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Jun

Swiss National Bank Chairman Jordan Speaks - (CHF) - 25/06

: Donald Herison; English; ANNOUNCEMENTS; 24 June 2015; 24

Jun; 10 February 2016; Hits: 1303

What is it? SNB Chairman Apr 2012 - Jun 2015. Volatility is sometimes experienced during his speeches as traders attempt to decipher interest rate clues. 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.

When? At 04:00am Eastern time.

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

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Jun

European Union Economic Summit - (EUR) - 25/06

: Donald Herison; English; ANNOUNCEMENTS; 24 June 2015; 24

Jun; 10 February 2016; Hits: 1177

What is it? Due to meet about a range of global economic issues, including migration policy, defense, and Britain's call to renegotiate its membership terms with EU, in Brussels.

When? All Day

Trading Tip: This announcement can greatly affect the EUR so make sure to follow it!

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