The AUD Awaits Australian Job Data

The AUD Awaits Australian Job Data

What will happen?

Australia will release employment change and an unemployment rate on July 15, at 04:30 MT time. These indicators are very important because they provide the freshest update of the situation in the Australian labor market. The employment change represents the change in the number of employed people during the previous month, and the unemployment rate measures the percentage of the total workforce that is unemployed. Last time, the indicators came out higher than the forecasts. The employment change was up by 115.2K (vs. the forecast of 30.5K), and the unemployment rate dropped to 5.1%, below the expectations of 5.5%. 

How to trade on the Australian Job Data?

Follow the economic calendar and compare the actual figures with the consensus given.

  • If the employment change is higher and the unemployment rate – lower than the forecasts, the AUD will rise;
  • If the situation is different, the AUD will fall.

Check the economic calendar

Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD




Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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