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The AUD Awaits Australian Job Data

The AUD Awaits Australian Job Data

Information is not investment advice

What will happen?

Australia will release employment change and an unemployment rate on July 15, at 04:30 MT time. These indicators are very important because they provide the freshest update of the situation in the Australian labor market. The employment change represents the change in the number of employed people during the previous month, and the unemployment rate measures the percentage of the total workforce that is unemployed. Last time, the indicators came out higher than the forecasts. The employment change was up by 115.2K (vs. the forecast of 30.5K), and the unemployment rate dropped to 5.1%, below the expectations of 5.5%. 

How to trade on the Australian Job Data?

Follow the economic calendar and compare the actual figures with the consensus given.

  • If the employment change is higher and the unemployment rate – lower than the forecasts, the AUD will rise;
  • If the situation is different, the AUD will fall.

Check the economic calendar

Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD

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The USD Awaits Key Jobs Data

The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.

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The USD Awaits Key Jobs Data

The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.

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