Heads Up: Spanish Unemployment Change is due in 15 Minutes - Forex News by FX Leaders

Heads Up: Spanish Unemployment Change is due in 15 Minutes

Posted Thursday, January 3, 2019 by
Arslan Butt • 1 min read

The Ministry of Employment is due to release the Spanish Unemployment Change in 15 minutes from now. Economists are expecting an extreme fall in unemployment change from -1.8K to -56.3K in December.

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.

In case the actual figures come out as -56.3K, we may see some sell-off in the EUR/USD . Let’s keep an eye on it.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments