mardi 10 mars 2015
AUD/USD: Trading the Australian Employment Change
Posted on 20:56 by nice news
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar.
Here are the details and 5 possible outcomes for AUD/USD.
Published on Thursday at 00:30 GMT.
Indicator Background
Job creation is one of the most important leading indicators of overall economic activity. Thus, the release of Employment Change is a market-mover which can affect the movement of AUD/USD.
Employment Change was unexpectedly weak in January, coming in at -12.2 thousand. This was much lower than the estimate of -4.7 thousand. The markets are expecting a strong turnaround in the February release, with an estimate of +15.3 thousand.
Here are the details and 5 possible outcomes for AUD/USD.
Published on Thursday at 00:30 GMT.
Indicator Background
Job creation is one of the most important leading indicators of overall economic activity. Thus, the release of Employment Change is a market-mover which can affect the movement of AUD/USD.
Employment Change was unexpectedly weak in January, coming in at -12.2 thousand. This was much lower than the estimate of -4.7 thousand. The markets are expecting a strong turnaround in the February release, with an estimate of +15.3 thousand.
AUD/USD: Trading the Australian Employment Change
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