Hey traders,
This week, on Friday, we are expecting Non-Farm Payroll Report.
In this educational article, I will try to explain to you why that fundamental data is so important
and I will share with you the insights how to trade it.
Non-Farm Payroll is one of the most important indicators for forex and stock markets in the economic calendar.
Being released on...
RSI at its historic low (in the available data).
It looks like the rate hit (or almost hit) the support line.
Can we say there will be an increasing unemployment rate, based on low RSI and the support line?
What happens when the unemployment claims start to raise?
Keep a close eye on these indicators on the coming weeks, months.
History does not repeat it self but it does rhyme they say
This chart shows the correlation of the Dow Jones over time with the "official" Unemployment Rate here in the U.S. Its interesting at least to see how well the Unemployment rate dictates the tops and bottoms in the Dow Jones practically to a "T".
Please comment and let me know what you think of this idea...
Also, I have inverted the unemployment rate and...
The market is always worrying about various data series and the impact on the stock market. Today, this one was inspired by a Tweet by someone I follow on Twitter that I respect.
The point of this chart is to show you the batting average of "What Happens When The Unemployment Claims Bottoms Out"? Technically, we don't know this is the bottom yet, but you can...
