
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
The Australian employment change and the unemployment rate will be released on November 19, at 02:30 MT time.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD
It’s not a secret that employment represents an important part of a country's economy. Given current unstable market conditions and lockdowns across the globe, traders pay particular attention to the employment change and the unemployment rate. Last time, September's job data for Australia was cautiously optimistic. While the employment fell by a smaller-than-expected number of people in September (-29.5K vs. -38K expected), the unemployment change reached 6.9% (vs. 7% expected). Despite that, the country is still far from a complete recovery, according to the RBA members. That is why the AUD was not impressed by the release. Will the situation change this time?
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
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