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Latest Forex News On 02 December 2016 | Forexing24

Latest Forex News On 02 December 2016 | Forexing24

Latest Forex News On 02 December 2016 | Forexing24

Latest Forex News: Construction PMI

Currency NameNews Name     Actual   Forecast  Previous
GBPConstruction PMI???52.352.6
SourceLatest Release
MeasureLevel of a diffusion index based on surveyed purchasing managers in the construction industry;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, on the second business day after the month ends;
Why Trade CareIt’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy;
Derived ViaSurvey of about 170 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;

Latest Forex News: Employment Change

Currency NameNews Name     Actual   Forecast  Previous
CADEmployment Change-16.5K43.9K
SourceLatest Release
MeasureChange in the number of employed people during the previous month;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 8 days after the month ends;
Why Trade CareJob creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived ViaThis is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts;

Unemployment Rate

Currency NameNews Name     Actual   Forecast  Previous
CADUnemployment Rate???7.0%7.0%
SourceLatest Release
MeasurePercentage of the total work force that is unemployed and actively seeking employment during the previous month;
Usual EffectActual < Forecast = Good for currency;
FrequencyReleased monthly, about 8 days after the month ends;
Why Trade CareCare 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;
Derived ViaJobless Rate;

Unemployment Rate

Currency NameNews Name     Actual   Forecast  Previous
USDUnemployment Rate???4.9%4.9%
SourceLatest Release
MeasureActual < Forecast = Good for currency;
Usual EffectReleased monthly, usually on the first Friday after the month ends;
Frequency Good for currency;
Why Trade CareAlthough 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;
Also CalledJobless Rate;

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Saimon Akash

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