Forex Economic Calendar
# Revised
Better / Worse
Units: k
| Impact | Actual | Forecast | Previous | Time | Date |
|---|---|---|---|---|---|
| High | -54.00 | -100.00 | -54.00 | 07:30 | 9/3 |
Source
Definition
Reports the monthly change in the number of employed workers not including the farming and government sectors. High volatility is usually seen before and after the report is released.
Frequency
Monthly
Why should I care?
The number of unemployed workers is an important signal of overall economic activity since consumer spending is greatly correlated with labor-market conditions.
USD
SMQ
Help
The OlsenScale (SMQ)
The Olsen Scale quantifies the market activity according to the Scale of Market Quakes (SMQ).
Similar to the Richter scale which measures the release of seismic energy during an earthquake, the SMQ relates excessive pricing along various price and time scales to historical data by assigning a single number to it. On a constant basis, the scale therefore characterizes the state of the market.
For more information visit OlsenScale.com
