Here is the key factor to keep in mind today for Australian Dollar trades:
- Australian Employment Report: The Australian Employment Report for December reported 1,000 lost jobs. Economists predicted 10,000 lost jobs for the month. Forex traders can compare this to the Australian Employment Report for November which reported 74,900 added jobs. The Australian Employment Report for December reported 17,600 full-time job additions. Forex traders can compare this to the Australian Employment Report for November which showed 47,300 full-time job additions. The Australian Employment Report for December reported 18,500 part-time job losses. Forex traders can compare this to the Australian Employment Report for November which showed 27,600 part-time job additions. The unemployment rate for December was reported at 5.8%. Economists predicted an unemployment rate of 5.9%. Forex traders can compare this to the November unemployment rate of 5.8%. The labor force participation rate for December was reported at 65.1%. Economists predicted a labor force participation rate of 65.2%. Forex traders can compare this to the November labor force participation rate of 65.3%.
Here are the key factors to keep in mind today for US Dollar trades:
- US Import Price Index: The Import Price Index for December is predicted to decrease by 1.4% monthly and by 8.4% annualized. Forex traders can compare this to the Import Price Index for November which decreased by 0.4% monthly and by 9.4% annualized.
- US Initial Jobless Claims and Continuing Claims: Initial Jobless Claims for January 9th are predicted at 275K. Forex traders can compare this to Initial Jobless Claims for January 2nd which were reported at 277K. Continuing Claims for January 2nd are predicted at 2,210K. Forex traders can compare this to Continuing Claims for December 26th which were reported at 2,230K.
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