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 22nd of January 2014 and the other one today, 19th of February 2014), which will be clearer than a thousand words.
Let’s compare two publications of Claimant Count Change, one of the 22nd of January and the other one on the 19th 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.
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