Economic Events

Take positions on economic numbers

Before economic reports like the weekly jobless claims come out, the media coverage is full of predictions about how the market is likely to react. The challenge for traders, however, is that the market’s reactions are not consistent: good news doesn’t always cause a rally, and bad news sometimes gets just a shrug and a yawn.

Nadex Binary Options on economic events let you trade the event itself, without predicting the market reaction. If you think unemployment is going down, you can turn that opinion into a trade.

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Nonfarm Payroll

Record job creation streak, but will it continue?

As of February 2020, the US economy had the longest streak of job creation in its history. As of March 2020, that streak has ended. Different people have different opinions about how long the job losses will continue.

The Nonfarm Payroll is part of the Bureau of Labor Statistics monthly Employment Situation report. It shows the number of jobs added or lost in the U.S. economy in the last month, excluding jobs in the farming industry.

As with other events, economic and otherwise, the market reaction can be hard to predict. With Nadex Binary Options, you can trade the number itself with limited risk.

Latest Release

April of 2020 Change:
- 20,500,000

See Nonfarm Contract Specs

Next Release

Next Nonfarm Payrolls:
Friday, June 5, 2020

Binary options on Nonfarm Payrolls open at 8am (ET) on the first business day of the week leading up to the release.


Weekly Jobless Claims

Will unemployment stay down?

Where will US unemployment go? Economists weigh multiple factors and have multiple theories on what is good and bad for job creation.

You probably do, too. So why not turn your ideas into trades? The Jobless Claims report is issued weekly in the U.S., detailing the total number of Americans filing for unemployment benefits. Nadex offers a limited-risk, weekly binary option on the jobless claims number released on Thursdays by the US Department of Labor.

Latest Release

Week ending May 23, 2020:
Initial claims: 2,123,000

This number was a decrease of 323,000 from the previous week's revised figure of 2,446,000. The four-week moving average was 2,608,000.

See Jobless Contract Specs

Next Release

Next jobless claims report:
Thursday, June 4, 2020

Binary options on jobless claims open at 8am (ET) on the first business day of the week leading up to the release.


Unemployment Rate

Trading on unemployment rate

The US unemployment rate is part of the monthly Employment Situation report by the Bureau of Labor Statistics. The statistic measures the number of people who are jobless and actively seeking employment, and the unemployment rate is expressed as a percentage.

Each month, you can trade Nadex Binary Options based on the US unemployment rate. You can use your own economic predictions to pick a strike, answering the question ‘will the unemployment rate be above or below this strike’? If you think it will be, you buy. If you think it won’t be, you sell.

Latest Release

April of 2020:
14.7%

See Unemployment Contract Specs

Next Release

Next Unemployment Rate:
Friday, June 5, 2020

Binary options based on the unemployment rate open at 8 a.m. (EST) on the first business day of the week leading up to the release.


Gross Domestic Product (GDP)

Trading on real GDP figures

US GDP is calculated on an annual basis and a quarterly basis. It’s one of the key economic indicators for the health of the economy, showing the total monetary or market value of finished goods and services in the US. With Nadex, you can trade on quarterly GDP announcements, which are given as a percentage increase or decrease.

Binary option contracts based on the advance estimate of real GDP are issued quarterly and have a one-week duration. You can make your prediction for GDP figures by picking your strike, and choosing whether to buy or sell. You are essentially asking the question ‘will the advance estimate of real GDP be higher or lower than this strike’? If you think yes, you buy. If you think no, you sell.  

Latest Release

First Quarter of 2020 (released April 29, 2020):
- 4.8%

See GDP Contract Specs

 

 

Next Release

Next GDP (advance estimate):
Thursday, July 30, 2020

Binary options based on the advance estimate of real gross domestic product data open at 8 a.m. (EST), five trade days before the GDP report is released by the United States Department of Commerce.


Trade the event, not the reaction

Tune into the financial news just ahead of an economic report and you’ll hear a lot of “the markets should” and “stocks are likely to.” You’ll hear pundits offering their opinions or quoting surveys of economists or analysts to predict the market’s reaction.

Some traders enjoy trying to predict the market’s reaction and some are even profitable doing it. But if you want to express your opinion on the economic event itself, Nadex economic event binaries let you do that. And the same limited-risk, low collateral innovations of binary options apply.

 

Contract Specifications