Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
How will the jobs data affect the AUD?
Information is not investment advice
The Australian jobs data is announced on Thursday at 03:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, AUD/CAD
The Australian jobs data is as important for the AUD as the NFP is to the USD. Employment in Australia has been rising since late spring. In May, the rate was 58.2 – that was the rock bottom of the virus crisis. Then, it gradually started to rise to eventually come to the current 60.3 in August. That means, the economic recovery is taking place in Australia, and the labor market is responding to that. So as long as the figures are above the expectation, the AUD will rise. Otherwise, it may lose the optimistic vibe. We will see what we have for September.
- If the figures are better than the forecast, it will boost the AUD.
- If the figures are worse than thought, the AUD will go down.
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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.
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