Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Australian Job Data Will Impact AUD
Information is not investment advice
What will happen?
Australia will release employment change and an unemployment rate on Thursday, November 11, at 02:30 MT (GMT+2). The employment change shows how many Australians were employed during the previous month, while the unemployment rate measures the total workforce that is unemployed.
Why is it important?
These indicators are significant as they give the most relevant information about the Australian labor market. In addition to the direct impact (more jobs are good/fewer jobs are bad), the Reserve Bank of Australia bases its policy decisions on the jobs data. The strong data may force the RBA to tighten the policy earlier than initially thought, which would push the AUD up.
Last time, the data was mixed. The employment change was down by 138K (vs. the forecast of -108.5K), and the unemployment rate was 4.6%, beating expectations of 4.8%. AUD/JPY jumped briefly but then dropped by 148 points.
How to trade on Australian labor data?
Easy! Compare the actual job numbers with the market forecasts, which appear a few days before the report in the economic calendar.
- If the Australian labor data is better than the forecasts, the AUD will surge.
- Otherwise – drop.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD, and other pairs with the AUD.
Similar
The US Labor Market And Real Estate Market Are In Focus This Week
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.
The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
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.
Choose your payment system
