Job data for Canada: a relief or another disappointment?
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
Australian job data: the ray of hope for the AUD
Australia will publish an update on employment figures on March 19, at 2:30 MT time.
Instruments to trade: AUD/USD, AUD/JPY, AUD/CHF
If you are tired of coronavirus-related news, we recommend you to take a look at the economic calendar. Some of the opportunities may not have as a big effect on the currencies as during the calm times, but traders may still take advantage out of their outcome. One of them is the employment data for Australia, which consists of employment change and the unemployment rate. The previous release was mixed: while employment change advanced by 13.5K, the unemployment rate rose to 5.3%. The reaction of the AUD was limited. What can we expect this time?
- If the actual level of employment change is higher and the unemployment rate is lower than the forecasts, the AUD will strengthen;
- If the actual level of employment change is lower and the unemployment rate is higher than the forecasts, the AUD will weaken.
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Volatility for the EUR is coming
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Canadian job data may push the CAD up
Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
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