What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
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.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
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