The most impactful releases of this week will fill the market with volatility and sharp movements.
AUD is hopeful about the job data
Information is not investment advice
What will happen?
Australia will publish the employment change and unemployment rate on February 18, at 02:30 MT time. These are the main indicators of employment. While the employment change shows the change in the number of employed people, the unemployment rate measures the percentage of unemployed people who are actively seeking employment during the previous month.
How to trade on the Australian job data?
Traders need to remember an important notice: a higher employment change and a lower unemployment rate is a good factor for the economy, while lower employment change and the higher unemployment rate is the opposite one. As a result, the first scenario will be attractive for the bulls of the AUD due to increased demand for the currency. You need to follow the forecasts in the economic calendar to predict the reaction of the aussie.
- Better-than-expected indicators will push the AUD higher;
- Worse-than-expected indicators will pull the AUD down.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD
Similar
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Popular
The most impactful releases of this week will fill the market with volatility and sharp movements.
Happy Tuesday, dear traders! Here’s what we follow:
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.