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. See our updated Privacy Policy here.



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
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
More View more
Real Time News
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The Australian Dollar still remains vulnerable as it extends losses against its major counterparts. What is the road ahead for AUD/USD, AUD/JPY, AUD/NZD and AUD/CAD? Get your AUD technical forecast from @ddubrovskyFX here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released. Get your weekly Euro forecast from @MartinSEssex here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Gold price action is primed for volatility next week with the Fed decision on deck. How real yields and the US Dollar react to fresh guidance from Fed officials will be key for gold outlook. Get your weekly gold forecast from @RichDvorakFX here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Canadian Dollar snapped a three-week losing streak after USD/CAD stalled at key technical resistance. Get your CAD weekly forecast from @MBForex here:
AUD/USD to Pare Losses on Upbeat Australia Employment Report

AUD/USD to Pare Losses on Upbeat Australia Employment Report

David Song, Strategist

- Australia Employment to Increase for Second Consecutive Month.

- Jobless Rate to Widen for First Time Since January.

For more updates, sign up for David's e-mail distribution list.

Trading the News: Australia Employment Change

Even though Australia’s jobless rate is expected to widen to an annualized 5.8% in April, a pickup in the labor force participation rate paired with another 12.0K expansion in employment may generate a near-term rebound in AUD/USD as it dampens bets for additional monetary support.

What’s Expected:

DailyFX Calendar

Click Here for the DailyFX Calendar

Why Is This Event Important:

After lowering the Official Cash Rate (OCR) to a fresh record-low of 1.75% earlier this month, the Reserve Bank of Australia (RBA) may revert back to a wait-and-see approach at the June 7 policy meeting as the rate-cut works its way through the real economy.

Expectations: Bullish Argument/Scenario




Retail Sales (MoM) (MAR)



Trade Balance (MAR)



Building Approvals (MoM) (MAR)



Improved demand from home and abroad accompanied by the ongoing expansion in building activity may encourage Australian firms to boost their labor force, and a positive development may spur a bullish reaction in AUD/USD as market participants scale back bets for lower borrowing-costs.

Risk: Bearish Argument/Scenario




ANZ Job Advertisements (MoM) (APR)



NAB Business Confidence (APR)



Private Sector Credit (MoM) (MAR)



However, waning business confidence paired with the slowdown private lending may drag on hiring, and a dismal employment report may fuel bets for another RBA rate-cut as Governor Glenn Stevens largely retains a cautious outlook for the region.

How To Trade This Event Risk(Video)

Bullish AUD Trade: Australia Employment Expands 12.0K or Greater

  • Need green, five-minute candle following the report for a potential long AUD/USD trade.
  • If market reaction favors a bullish 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: Employment 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 the opposite direction.

Potential Price Targets For The Release


AUD/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • AUD/USD remains at risk of giving back the advance from earlier this year as it fails to preserve the upward trend carried over from January, while the Relative Strength Index (RSI) retains the bearish formation from March.
  • Key Resistance: 0.7848 (June 2015 high) to 0.7860 (61.8% expansion)
  • Key Support: 0.6826 (2016 low) to 0.6830 (161.8% expansion)

Check out the short-term technical levels that matter for AUD/JPY heading into the report!

Avoid the pitfalls of trading by steering clear of classic mistakes. Review these principles in the "Traits of Successful Traders" series.

Impact that the Australia 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)

MAR 2016

04/14/2016 01:30 GMT





April 2016Australia Employment Change

AUD/USD 5-Minute Chart


The Australian economy added 26.1K jobs in March after contracting a revised 0.7K the month prior, while the jobless rate unexpectedly narrowed to an annualized 5.7% from 5.8% amid forecasts for a 5.9% print. The pickup in job growth was led by a 34.9K increase in part-time positions, which was offset by an 8.8K decline in full-time employment. Despite the ongoing improvement in the labor market, the Reserve Bank of Australia (RBA) may take additional steps to further assist with the rebalancing of the real economy amid the weakening outlook for global growth. Despite the limited market reaction, AUD/USD gained ground throughout the Asia/Pacific trade, with the pair ending the day at 0.7692.

Get our top trading opportunities of 2016 HERE

Check out FXCM’s Forex Trading Contest

Read More:

USD/CHF Rally? It Just MAY

Gold Bulls Look to CPI, Fed Minutes for Solace

DailyFX Technical Focus: Short Term S&P and Gold Analysis

USD/CAD Technical Analysis: Time For Bulls To Prove Their Worth

--- 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.

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