New Zealand Unemployment Rate

Fx News Spike Signals by Crazy Cat, 2020/05/05

Release Time: 18:45 New York time (EST)
Primary currency pair: NZD/USD
Forecast: 4.4
Prior: 4.0
LT1 (Lower Trigger 1): --- [BUY]
UT1 (Upper Trigger 1): +++ [SELL]
Safety: 1


This is for 1Q of 2020 so the numbers do not reflect COVID19 that much yet.

Based on just 17 estimates, the median estimate is 4.4% and the average estimate is 4.43%. The highest estimate is 5.0% (one vote), then 4.8% (one vote), 4.6% (two votes), 4.5% (four estimates), 4.4% (two votes), 4.3% (two votes), 4.2% (four estimates), and then finally the lowest estimate is 4.1% (one vote).

It seems like the Unemployment rate is released slightly before the Employment change; therefore, I had to switch focus on the Unemployment rate.

Additionally, SNW Enterprise, due to additional feeds, might be much faster than SNW Elite or Pro, so be careful if you use SNW Elite or Pro on this report.

A positive deviation on Employment Change is good for NZD/USD (buy) whereas a positive deviation on the Unemployment number is bad for NZD/USD (sell) because it means more people are out of work.

As always, I highly recommend to visit our economic calendar so you can check historic charts for this report.

Forex news history and charts

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