USD surged after Fed's speech. NFP is eyed
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
Will the job data make the AUD fly?
Information is not investment advice
The Australian employment change and the unemployment rate will be released on November 19, at 02:30 MT time.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD
It’s not a secret that employment represents an important part of a country's economy. Given current unstable market conditions and lockdowns across the globe, traders pay particular attention to the employment change and the unemployment rate. Last time, September's job data for Australia was cautiously optimistic. While the employment fell by a smaller-than-expected number of people in September (-29.5K vs. -38K expected), the unemployment change reached 6.9% (vs. 7% expected). Despite that, the country is still far from a complete recovery, according to the RBA members. That is why the AUD was not impressed by the release. Will the situation change this time?
- If the job data is better than the forecasts, the AUD will go up;
- If the job data is worse than the forecasts, the AUD will drop.
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USD surged after Fed's speech. NFP is eyed
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
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The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.
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