The unemployment rate is the main macroeconomic indicator for developed countries because final consumer of any goods or services is a human. Quantitative easing program had its main aim to increase the number of new jobs and reduce the number of unemployed. On the one hand decrease in unemployment leads to a reduction in social spendings, on the other hand it stimulates the consumption of goods due to the high demand from the payable population.
In case of growth in the number of jobs and the reduction of unemployment in the U.S., where data will be released today at 12:30 GMT, we expect continued growth of stock markets and strengthening of the dollar. On the other hand improvement may lead to a more rapid reduction of quantitative easing, which will negatively impact on the stock market, but will also strengthen the dollar.
Wish you the profits!
FXFINPRO Capital Analytical department.