UK Prime Minister was placed in the intensive care. As a result, the British pound plummeted dramatically today.
Australian job data: the ray of hope for the AUD
Information is not investment advice
Australia will publish an update on employment figures on March 19, at 2:30 MT time.
Instruments to trade: AUD/USD, AUD/JPY, AUD/CHF
If you are tired of coronavirus-related news, we recommend you to take a look at the economic calendar. Some of the opportunities may not have as a big effect on the currencies as during the calm times, but traders may still take advantage out of their outcome. One of them is the employment data for Australia, which consists of employment change and the unemployment rate. The previous release was mixed: while employment change advanced by 13.5K, the unemployment rate rose to 5.3%. The reaction of the AUD was limited. What can we expect this time?
- If the actual level of employment change is higher and the unemployment rate is lower than the forecasts, the AUD will strengthen;
- If the actual level of employment change is lower and the unemployment rate is higher than the forecasts, the AUD will weaken.
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Coronavirus pushes to recession countries one by one. This time it gets to Japan, known as one of the world’s hardest working nation.
Canadian jobs data will be announced on Thursday at 15:30 MT time.