Currency market on December 6: the NFP Friday
Black Friday for the currency market: the Non-Farm Payrolls are out!
Will the Australian job data support the AUD?
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
The employment change shows the change in the number of employed people during the previous month, while the unemployment rate is the percentage of the total workforce that is unemployed. During the previous release, the unemployment rate fell to 5.2% (vs. 5.3%). The AUD ignored the lower-than-expected figures of employment change and jumped on the positive unemployment rate by more than 30 pips right after the release. Will the situation repeat itself this time?
• If the employment change is higher and the unemployment rate is lower than the forecasts, the AUD will go up;
• If the employment change is lower and the unemployment rate is higher than the forecasts, the AUD will go down
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Currency market on December 5
The GBP is surging, the AUD inched lower and the MXN has strengthened
Boris Johnson drives the GBP up
The British pound has rallied versus the other major currencies on the growing expectations that Prime Minister Boris Johnson would win a majority at December 12 election.
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Currency market on December 6: the NFP Friday
Black Friday for the currency market: the Non-Farm Payrolls are out!
Currency market on December 5
The GBP is surging, the AUD inched lower and the MXN has strengthened
Boris Johnson drives the GBP up
The British pound has rallied versus the other major currencies on the growing expectations that Prime Minister Boris Johnson would win a majority at December 12 election.
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