AUD is All Excited about Job Data! Why?

AUD is All Excited about Job Data! Why?

What will happen?

Australia will release employment change and the unemployment rate on Thursday, at 02:30 MT time. The employment change shows the difference in the number of employed people during the previous month. The unemployment rate demonstrates the percentage of the total unemployed workforce looking for a job during the last month. Both indicators track situation in the Australian labour market.

Why is it important?

The Reserve Bank of Australia is currently monitoring the situation in the economy to make the next steps concerning monetary policy. For now, the regulator remains cautious as inflation is not moving within the 2-3% range. However, serious changes in the Australian labour market may push the RBA to consider tapering. Last time, the employment change rose by 64.8K (vs the forecast of 60K), and the unemployment rate fell to 4.2% (vs 4.5% expected).

As a result, the Australian dollar outperformed other currencies.

3.png

How to trade on the Australian Job Data?

Compare the actual figures with the forecasts in the economic calendar.

  • If employment change is higher and the unemployment rate – lower than the forecast, the AUD will strengthen;
  • In case of an alternative scenario, the AUD will weaken.

Check the economic calendar

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

TRADE NOW

Similar

What to Trade on August 29 - September 2?
What to Trade on August 29 - September 2?

Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.

USD Moves Weird Ahead of CPI
USD Moves Weird Ahead of CPI

The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera