Market Overview

Trading Nadex into the News: AUD Employment Change And Unemployment Rate


Employment is the number of people that have jobs; the number of people employed. That is important to you whether you have a job or not. It is also an important indicator of consumer spending because if the number of people without jobs goes up, the amount of spending will likely go down.

Each country releases their own reports of Employment Change and Unemployment Rates. Australia will release their report on Wednesday, October 8 at 8:30 PM. The forecast is for a drop of 30.0 K. The previous amount was 121.0 K. If the report comes out with a higher than expected reading, that should be taken as positive or bullish for the AUD, whereas a lower than expected reading would be regarded as negative or bearish for the AUD.

The Unemployment Rate report is also released at the same time. This report measures the percentage of the total workforce that is unemployed and actively looking for work during the previous month. The forecast for this report is 6.2%. If this report comes out higher than expected, it is negative or bearish for the AUD. If it is lower, then it will be positive or bullish for the AUD.

This is a great opportunity for evening traders to be able to trade into the news. Look for a Nadex binary Straddle on the AUD/USD entering as early as 6:00 PM with an expiration of 9:00 PM. The Maximum risk should be $35.

To learn more ways to trade into the news using Nadex binaries and spreads, go to Apex Investing Institute offers free education, and free access to the Nadex Binary and Spread Scanner Analyzers. Member traders are invited to trade in the chat rooms, take advantage of trade signal services, have key indicators and access the Apex Forum. The forum content is updated daily and includes over 8000 members. In a supportive learning community of seasoned as well as up and coming traders, traders of all levels learn how to trade Nadex binaries and spreads in depth, as well as futures, forex, stock and options, and gain an edge for successful trading overall.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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