Claimant Count Change – How it affects markets

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U.K. Claimant Count Change

U.K. Claimant Count Change

Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. A rising trend indicates weakness in the labor market, which has a trickle-down effect on consumer spending and economic growth.

A higher than expected reading should be taken as negative/bearish for the GBP, while lower than expected reading should be taken as positive/bullish for the GBP.

Release Date Time Actual Forecast Previous
Apr 21, 2020 (Mar) 02:00 17.3K
Mar 17, 2020 (Feb) 05:30 17.3K 21.4K -0.2K
Feb 18, 2020 (Jan) 05:30 5.5K 22.6K 2.6K
Jan 21, 2020 (Dec) 05:30 14.9K 22.6K 14.9K
Dec 17, 2020 (Nov) 05:30 28.8K 21.2K 26.4K
Nov 12, 2020 (Oct) 05:30 33.0K 24.2K 13.5K

Investing.com – The Japanese yen is in demand Tuesday as a safe haven currency with the outbreak of the pneumonia-like virus in China sparking a bout of risk aversion. At 03:30 ET (0830 GMT), the yen.

Investing.com — The dollar was still trading sideways in early trading in Europe Tuesday, after dipping late Monday on the back of comments from the Federal Reserve’s Charles Evans suggesting.

Investing.com — The British pound is opening Tuesday on a firmer footing after losing nearly 1% against the dollar and euro on the latest outbreak of Brexit-related volatility. Sterling had slid.

Analysis

Equities to remain in a bear market and in a downtrend Gold could slip further Though U.S. equities surged on Friday—their biggest one day jump since 2008—as markets finished a highly.

Market Drivers February 18, 2020 AAPL warns sends risk lower UK Employment Nikkei -1.40% Dax -0.67% UST 10Y 1.55% Oil $51/bbl Gold $1587/oz BTC/USD $9764 Europe and Asia: GBP UK Employment Claimant.

Like a Newtonian law of motion, market participants will continue to rely on a particular trading style or system until it stops working. Betting that volatility stays low is a cash register for many.

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Claimant Count Change Discussion

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Claimant Count Change – How it affects markets

One of the most successful and followed strategies for binary options, as you can see in our pages, is the one on the economic calendar with 5 minutes expiration. Among the several indicators which are published on the calendar, there is the one about the Claimant Count Change, which affects the currency to which it refers, such as GBP, and is a three bulls indicator, decidedly an important one. Let’s try to understand what does it mean and how to interpret this indicator in order to independently extrapolate a signal from its publishing.

The Claimant Count Change represents the benefits given to the unemployed people, so if the number of benefits increase it means that the number of unemployed people increased too and this growth represents a negative datum for the economy of the Country. On the contrary if this datum decreases, this means that the number of unemployed people is decreasing too and so this diminution of benefits for unemployment represents a positive datum for the economy of the Country.

We should pay attention to how the data are published on the economic calendars with reference to the Claimant Count Change indicator. In order not to fall in unclear situations about the use of terms such as variation, bullish, higher, better, worse, bearish, lower, here is a sort of graph in which are shown two situations that really occurred (one on the 22 nd of January 2020 and the other one today, 19 th of February 2020), which will be clearer than a thousand words.

Let’s compare two publications of Claimant Count Change, one of the 22 nd of January and the other one on the 19 th of February to see what happened to the Forex couple GBP/USD

Please note that in both cases there is also the unemployment rate and the graph behaves exactly as indicated by it:

  • § The unemployment rate decreases ->GBP/USD upward
  • § The unemployment rate increases -> GBP/US downward

The information shown are the result of personal experiences I share here on the blog and don’t want to incite anybody to invest online.

You can come to your close and comment on, if you like.

Claimant Count Change – How it affects markets

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

United Kingdom Claimant Count Change

High 17.3 K 21.4 K
Last release Importance Actual Forecast
Next release Actual Forecast
  • Overview
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  • History
  • Widget

Claimant Count Change presents a change in the total number of people claiming unemployment benefits during the given month. The indicator is calculated based on administrative data on the system of benefits and social support.

This includes people claiming unemployment related benefits and applying for other forms of financial support upon loss of earning opportunities. For example, such forms include the so-called Universal Credit, a monthly payment, now replacing six earlier canceled benefits and charges.

A change in Claimant Count is connected with the unemployment growth, but they are not absolutely identical. First, not all the unemployed claim benefits and are officially registered. Second, some people who are not obliged to seek work (e.g. due to illness or disability) may also be eligible for benefits.

Nevertheless, the indicator reflects the situation in the labor market. Claimant count growth indicates deterioration in the labor market. Employment reports are one of the most important factors affecting the actions of the BoE’s Monetary Policy Committee; therefore weakness in the labor market may have a negative effect on the GBP quotes.

Last values:

The chart of the entire available history of the “United Kingdom Claimant Count Change” macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

GBP/USD: Trading the British Claimant Count Change

The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. Along with the unemployment rate indicator, which is released at the same time, it provides a snapshot of the employment situation in the UK. Traders should pay close attention to this release, as it is a market-mover for GDP/USD.

Here are the details and 5 possible outcomes for GBP/USD.

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