
We prepared an outlook of major events of this week. Check it and be ready!
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.
We prepared an outlook of major events of this week. Check it and be ready!
The United States will publish Flash Manufacturing and Services PMIs on Tuesday at 16:45 GMT+2.
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!