Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
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.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD
Hello, and welcome to the last week of August. We found the best news and collected the most impactful events for you to stay on the top of the market. Let’s go!
Australian central bank unexpectedly left the rate at the same level. The German economy is slowing down. What's happening in the markets? Let's look at our new digest.
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!