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.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Low
High
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
Bullish
Low
High
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
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
Low
High
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
  • #FTSE 100 and S&P 500 could have room for weakness ahead as the #CAC 40 attempts to climb towards key resistance. Get your European #equities update from @ddubrovskyFX here:https://t.co/gepciUHqxT https://t.co/j1ONIxOoT7
  • Market snapshot: #AUD, #NZD edging slightly lower while US equity futures are trading mixed.
  • Update on #Cryptocurrencies #BITCOIN +3.19% #BITCOINCASH +1.80% #ETHEREUM +2.25% #RIPPLE +1.07% #LITECOIN +2.33%
  • $EURUSD Daily Pivot Points: S3: 1.0802 S2: 1.0883 S1: 1.0933 R1: 1.1014 R2: 1.1046 R3: 1.1127 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • So far this week, those fortunes have flipped as the Nasdaq is working on its second consecutive down-day while the Dow has, so far, rallied through both sessions. Get your #equities technical analysis from @JStanleyFX here:https://t.co/uafQxTayEY https://t.co/7iGh15koeL
  • That was an impressive recovery from the #SP500 during the #WallStreet session. What's interesting to see is the pro-risk #AUD and #NZD being unable to capitalize nearly as much versus stocks. Could momentum be fading? #USD $AUDUSD $NZDUSD https://t.co/YBg6wzgG2i
  • The U.S. House passes the Uyghur Human Rights Policy Act $FXI $USDCNH
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.25% 🇨🇦CAD: 0.20% 🇯🇵JPY: -0.16% 🇨🇭CHF: -0.27% 🇦🇺AUD: -0.43% 🇬🇧GBP: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/WUkvzm2KzY
  • Silver has been beaten handily by gold in the rush to haven assets inspired by the contagion. However, the gold/silver ratio was rising steadily before this crisis and will probably continue to do so. Get your #silver market update from @DavidCottleFX here:https://t.co/00DiZn6XZS https://t.co/ygkaj7nHr6
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.83% Gold: 0.06% Oil - US Crude: -2.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fmPVQRIybZ
Australian Dollar Gains as March's Labor Force Data Tops Estimates

Australian Dollar Gains as March's Labor Force Data Tops Estimates

2015-04-16 02:46:00
Daniel Dubrovsky, Analyst
Share:

Talking Points:

  • Australian Dollar gains post labor force data release
  • Unemployment Rate 6.1% vs 6.3% expected
  • Australia adds 37.7K jobs in the month of March

The Australian Dollar climbed 76 pips versus the US Dollar as March’s labor force data topped estimates. Economists were expecting the country to add 15K jobs in the month of March; actual figures proved to be more on the upside with 37.7K jobs added. Most of the jobs gained came from the full-time figures which added 31.5K. The unemployment rate was also lower at 6.1% versus 6.3% expected. In addition, the participation rate also came in better at 64.8% versus 64.6% expected. February’s figures were also revised significantly higher.

Currency Strategist Ilya Spivak mentioned in his Aussie forecast that the central bank’s bias for further easing makes for a data-sensitive environment as traders weigh up news flow for the timing of the next rate cut. March’s overwhelmingly positive labor force data may support speculation about a further delay in the timing of RBA’s interest rate cut. The markets are now pricing in a 55% chance of a rate cut from the central bank during May’s meeting and overall 50bps of easing over the next twelve months.

Australian Dollar Gains as March's Labor Force Data Tops Estimates

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

DISCLOSURES

News & Analysis at your fingertips.