AUD is hopeful about the job data

AUD is hopeful about the job data

What will happen?

Australia will publish the employment change and unemployment rate on February 18, at 02:30 MT time. These are the main indicators of employment. While the employment change shows the change in the number of employed people, the unemployment rate measures the percentage of unemployed people who are actively seeking employment during the previous month.

How to trade on the Australian job data?

Traders need to remember an important notice: a higher employment change and a lower unemployment rate is a good factor for the economy, while lower employment change and the higher unemployment rate is the opposite one. As a result, the first scenario will be attractive for the bulls of the AUD due to increased demand for the currency. You need to follow the forecasts in the economic calendar to predict the reaction of the aussie.

  • Better-than-expected indicators will push the AUD higher;
  • Worse-than-expected indicators will pull the AUD down.

Check the economic calendar

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

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S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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