
Russian-Ukrainian conflict is influencing every economic aspect…
Australia will release employment change and an unemployment rate on Thursday, October 14, at 03:30 MT (GMT+3). The employment change shows the change in the number of employed people during the previous month, while the unemployment rate measures the total workforce that is unemployed.
These indicators are significant as they provide 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 encouraging 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 146.3K (vs. the forecast of -78.5K), and the unemployment rate was 4.5%, beating expectations of 5.0%. AUD/JPY jumped briefly but then dropped dramatically.
Traders usually compare the actual job numbers with the market forecast, which appears a few days before the report in the economic calendar.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD
Russian-Ukrainian conflict is influencing every economic aspect…
Australia will release employment change and an unemployment rate on Thursday, November 11, at 02:30 MT (GMT+2).
Read the article to get the latest news and fresh trade ideas!
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.
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