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.
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.
Similar
Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Will the Australian Monetary Policy Meeting minutes support the AUD?
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
Latest news
Lots and lots of PMIs on Friday
PMI reports from the EU, the UK, and the USA will be released during the day!
ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Market outlook for this week
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