The head of the Federal Reserve Jerome Powell will testify on the Semiannual Monetary Policy Report on Tuesday and Wednesday
Jobs data for Australia may support the AUD
Australia will release the level of employment change and unemployment rate on August 15, at 4:30 MT time.
The level of employment change shows the number of people employed during the previous month. The unemployment change, in its turn, is the percentage of the unemployed workforce. Last time the indicator of employment change rose only by 0.5K people (vs. the forecast of 9.1K). The unemployment change came out in line with the forecast at 5.2%. The Australian dollar ignored the negative figures of employment change and got higher. Let's see how the release will affect the currency this time.
• If employment change is higher and the unemployment rate is lower than the forecasts, the AUD will rise;
• If employment change is lower and the unemployment rate is higher than the forecasts, the AUD will fall.
The United States will publish the non-farm employment change, also known as non-farm payrolls (NFP) at 15:30 MT time on February 7.
The level of non-manufacturing PMI for the United States by the Institute of Supply Management will be published at 17:00 MT time on February 5.
The Federal Open Market Committee will publish its meeting minutes on February 19, at 21:00 MT time.
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