USD is waiting for the jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
Will the Australian jobs data push the AUD?
The levels of employment change and the unemployment rate for Australia are expected on April 18, at 4:30 MT time.
Job creation is an important indicator, which is connected to consumer spending. The more people are employed, the more money they can spend. Last time the level of employment change came out much lower than the expectations (4.6K vs 14.8K). At the same time, the unemployment rate fell to 4.9%. Let's see if the indicators support the Australian currency this time.
• If the employment change is higher and the unemployment rate is lower than the forecasts, the aussie will rise;
• If the employment change is lower and the unemployment rate is higher than the forecasts, the aussie will fall.
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Will the Australian Monetary Policy Meeting minutes support the AUD?
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
May 2020 forex season trading
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
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