Here are the key factors to keep in mind today for Australian Dollar trades:
- Australian Employment Report: The Australian employment reported showed a net loss of 5,100 jobs in September and an unemployment rate of 6.2%. Forex traders can compare this to the job gains of 18,100 which were reported in August and an unemployment rate of 6.2%. The Australian economy lost 13,900 full-time jobs and added 8,900 part-time jobs. Forex traders can compare this to August’s report which showed the economy adding 11,000 full-time jobs and 7,100 part-time jobs. The labor force participation rate for September was 64.9%. Forex traders can compare this to the 65.0% released in August. Overall this employment report signals weakness in the labor market.
- Australian Consumer Inflation Expectations: The Australian Dollar shrugged off the employment report as Consumer Inflation Expectations for October rose to 3.5%. Forex traders can compare this to the 3.2% increase in Consumer Inflation Expectations for September.
- Australian New Motor Vehicle Sales: The Australian car industry performed well in September with an increase of 5.5% in New Motor Vehicle Sales monthly and 7.7% annualized. Forex traders can compare this to New Motor Vehicle Sales for August which showed a contraction of 1.7% monthly and an increase of 2.9% annualized.
Here are the key factors to keep in mind today for US Dollar trades:
- US Initial Jobless Claims and Continuing Claims: Initial jobless claims for the week of October 10th 2015 are expected at 270,000 and continuing claims are expected at 2,192,000. Forex traders can compare this to the previous week’s initial jobless claims of 263,000 and continuing claims o f 2,204,000.
- US CPI: The CPI for September is expected to decrease by 0.2% monthly and by 0.1% annualized. Forex traders can compare this to the CPI of August which decreased by 0.1% monthly and increased by 0.2% annualized. The core CPI for September is expected to increase by 0.1% monthly and by 1.8% annualized. Forex traders can compare this to the core CPI of August which rose 0.1% monthly and 1.8% annualized. Deflation is starting to deepen in the US.
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