NZ Unemployment Rate
Features of the publication
How to trade NZ Unemployment Rate
If the Unemployment Rate data exceeds the forecast, NZDUSD falls, and if the Employment Change data exceed the forecast, then NZDUSD grows.
The report is published unevenly; the package of indicators is presented to the attention:
NZ Employment Change (Q/Q) - the quantitative quarter increase of employed
NZ Private Sector Wages (Q/Q) – the quarterly income growth data
NZ Unemployment Rate – the quarterly data on the percentage of unemployment
NZ Average Hourly Earnings (Q/Q) - the average hourly wage
The package will be interesting to the market as a whole and will really be appreciated only when all the data of the indicators will be published, and there are some problems with it ...
All data is published at different times. As a rule, Unemployment Rate is published first, which makes it the headliner of the release. However, subsequent indicators published after it can support the movement as well as return it in the opposite direction, which makes the conflict and risk of the release.
In the last publications, we see how the wage dynamics indicator attracted the attention. As a result, we have three strong indicators: Employment Change, Private Sector Wages and Unemployment Rate. This further complicates the situation!
Often here, traders are knocked out by stops and they get a loss.
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