News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Build your USD/JPY trading strategy by honing your trading skills. Get your free insight here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • Human error in the forex market is common and often leads to familiar trading mistakes. These trading mistakes crop up particularly with novice traders on a regular basis. Learn about the top ten trading mistakes and how you can avoid them here:
  • @ddubrovskyFX Congrats Daniel!
  • After a week of roaring economic updates that failed to gain meaningful market traction; I am look to US inflation/rates, US-China trade relations and earnings in the week ahead to charge $SPX and $DXY. My outlook for the week ahead:
  • The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce? Find out from @ddubrovskyFX here:
  • Retail traders appear to be reducing long exposure in the Euro after recent gains. This hints that EUR/USD and EUR/JPY may rise in the near term, but could this trend last down the road? Find out from @ddubrovskyFX here:
  • China fines Alibaba Group 18.2b Yuan, or about USD2.8b, in a monopoly probe -BBG
AUD/USD to Eye 0.9500 on Strong Australian Employment Report

AUD/USD to Eye 0.9500 on Strong Australian Employment Report

David Song, Strategist

- Australia Employment to Increase for Fifth Time in 2014.

- Jobless Rate to Uptick to an Annualized 5.9%- Highest Since February.

Trading the News: Australia Employment Change

The AUD/USD may continue to retrace the decline from the beginning of the month as the Australian economy is expected to add 12.0K jobs in June.

What’s Expected:

AUD/USD Employment

Click Here for the DailyFX Calendar

Why Is This Event Important:

However, an uptick in the jobless rate may spark a mixed reaction in the AUD/USD as the Reserve Bank of Australia (RBA) persistently highlight the ongoing slack in the labor market, and Governor Glenn Stevens may continue to toughen the verbal intervention on the Australian dollar in an effort to further assist with the rebalancing of the $1T economy.

Expectations: Bullish Argument/Scenario




Building Approvals (MoM) (MAY)



AiG Performance of Construction Index (JUN)



Gross Domestic Product s.a. (QoQ) (1Q)



The pickup in building activity may produce a strong rebound in employment as the central bank keeps the benchmark interest rate at the record-low, and the accommodative policy stance may continue to boost private sector activity as Governor Stevens expects a moderate recovery.

Risk: Bearish Argument/Scenario




Retail Sales (MoM) (MAY)



Trade Balance (MAY)



AiG Performance of Manufacturing Index (JUN)



However, weakening demands at home and abroad may push businesses to scale back on hiring, and a dismal employment print may put increased pressure on the RBA to further embark on its easing cycle in an effort to encourage a stronger recovery.

Sign up for David’s Email Distribution List for More Updates!

How To Trade This Event Risk(Video)

Bullish AUD Trade: Employment Climbs 12.0K+, Jobless Rates Holds at 5.8%

  • Need green, five-minute candle following the statement for a potential long AUD/USD trade
  • If market reaction favors a long aussie trade, buy AUD/USD with two separate position
  • Set stop at the near-by swing low/reasonable distance from entry; look for at least 1:1 risk-to-reward
  • Move stop to breakeven on remaining position once initial target is met, set reasonable limit

Bearish AUD Trade: Australia Job Report Disappoints

  • Need red, five-minute candle to consider a short AUD/USD position
  • Carry out the same setup as the bullish aussie trade, just in the opposite direction

Potential Price Targets For The Release

Join DailyFX on Demandfor Real-Time Updates on the DailyFX Speculative Sentiment Index!


AUD/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • Ascending Channel Formation Remains Favored, But RBA Verbal Intervention May Cap Topside Targets
  • Interim Resistance: 0.9500 (38.2% retracement) to 0.9520 (78.6% retracement)
  • Interim Support: 0.9330 (61.8% expansion) to 0.9340 (61.8% retracement)

Impact that Australia’s Employment report has had on AUD during the last release


Data Released



Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

MAY 2014

06/12/2014 4:30 GMT





May 2014 Australia Employment Change


Employment in Australia unexpectedly slipped 4.8K in May to mark the first decline since December, while the jobless rate held steady at an annualized 5.8% for the third consecutive month. The weaker-than-expected print dragged on the Australian dollar, with the AUD/USD dipping below the 0.9350 region, but the market reaction was short-lived as the pair ended the day at 0.9422.

Read More:

AUDUSD July Range Targets Key Support- Shorts Favored Sub 9440

GBPJPY Targets Channel Support- Longs Favored Above 173.75

--- Written by David Song, Currency Analyst

To contact David, e-mail Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.