How are you using the unemployment rate to analyse the forex market?

[Potuse]

The employment figures in a particular country is also a fundamental indicator that could be used by a forex traders to make predictions in the forex market. A high unemployment numbers indicate week consumer spendings indicating that the economy is not doing well.

 

[Planbizzle]

An indispensable indicator that can be utilized to study the FX market is the unemployment rate. A high unemployment rate typically denotes unfavorable economic conditions, which can lead to less public spending and slower corporate expansion.

 

[Emmy]

Unemployment rate is used to determine the factor that affect the economy due to insufficient of industries. However unemployment is part of the factor that ruin country economy which bounce on price.

 

[eenya00]

This is a very strategic tool but I doubt it's potence as the unemployment indicator does not actually show the real figure of thosw that are truly unemployed in a country.

 

[Yohanna]

The unemployment rate are the factors to consider as a forex trader in that it has a huge difference in the forex market and it affect the strength of the currency that you wished to trade.

 

[Danny4cash]

I don't know about using unemployment rate in making prediction in forex trading. But I agree that unemployment rate could affect the forex market because when the spending rate is low, a currency won't do well in the market.

 

[joy101]

unemployment rate can be an addition to the market,or can also affect it ,what do I mean by the people we invest when the are working the can be able to invest more capital from there saving,but when there is no job ,it we affect the level by which people invest on the market.