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
Bearish
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.45% 🇦🇺AUD: 0.41% 🇨🇦CAD: 0.24% 🇪🇺EUR: 0.19% 🇨🇭CHF: 0.14% 🇯🇵JPY: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GIhmNlRbox
  • Heads Up:🇯🇵 All Industry Activity Index MoM due at 04:30 GMT (15min) Previous: -0.6% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.11% France 40: 1.11% FTSE 100: 0.66% Wall Street: 0.56% US 500: 0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/2KW0hE7YH7
  • AUSTRALIA PM MORRISON: - Businesses need to judge China risk, but iron ore trading figures reassuring - Reopening the economy over 3-5 years will be more difficult than closing it down, facing "most challenging [economy]...outside of wartime." #AUDUSD
  • (#ASEAN Fundy) The US Dollar could rise against ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data $USDSGD #USD $USDINR - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/05/25/US-Dollar-May-Rise-as-SGD-Falls-on-US-China-Woes-Indian-Rupee-at-Risk.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/BHR1vaN8vO
  • BOJ GOV KURODA: - will consider expanding ETF purchases if needed - monetary easing is needed until price-target is met - will consider new easing measures if needed - BoJ's extraordinary measures wont stay post-coronavirus #USDJPY #BOJ
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 1.44% Oil - US Crude: 1.02% Gold: 0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/zbMOhIkpeW
  • As political tensions between the US and China increase, $gld is picking up a safe-haven bid ahead of the long weekend and may look to press higher. Get your $XAUUSD market update from @nickcawley1 here: https://t.co/boUn4vyfCO https://t.co/beDj1yEO0U
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.29% 🇦🇺AUD: 0.28% 🇬🇧GBP: 0.17% 🇪🇺EUR: 0.14% 🇨🇭CHF: 0.12% 🇯🇵JPY: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qj45yOo16T
  • BOJ GOV KURODA: - will consider changing rates of yield curve control if needed - will consider expanding loan programs if needed #USDJPY #BOJ
AUD/USD Shows Mixed Response to a Mixed Employment Report

AUD/USD Shows Mixed Response to a Mixed Employment Report

2016-03-17 02:34:00
Daniel Dubrovsky, Analyst
Share:

Talking Points:

  • AUD/USD volatility after the jobs data would eventually find a bullish resolution
  • The country added a net 300 jobs in February versus 13.5k anticipated
  • Australian unemployment unexpectedly drops to 5.8%, and the labor force declined as well

Find key turning points for the Australian Dollar withDailyFX SSI.

The Australian Dollar swung against its US counterpart after the Aussie jobs report for February offered a mixed view of labor conditions. The country added 300 jobs versus 13,500 expected and compared to a 7,400 loss in January. Most of the jobs gained came from the full time positions which showed a 15,900 gain compared to a 40,300 loss in January. The part time sector lost 15,600 jobs in February versus gaining 32,900 in January.

The unemployment rate dropped to 5.8 percent compared to the 6.0 percent economists’ estimates. The prior figure was 6.0 percent. Meanwhile, the labor force participation rate declined to 64.9 percent from 65.1 in the last month, lower than the 65.2 percent expectations. This marks the lowest participation level since September 2015.

Australian front-end government bond yields were also volatile with the data release: rallying, declining, and leveling off in the aftermath. Overnight index swaps are pricing in at least one Reserve Bank of Australia rate cut over the next year.

The central bank’s outlook for employment has increased according to March’s meeting minutes. Members noted that there is uncertainty about the trajectory of the labor force participation rate. While the RBA continues to monitor labor market conditions; the ‘neutral, data-dependent’ central bank said that continued low inflation would provide the scope for easier policy.

AUD/USD Shows Mixed Response to a Mixed Employment Report

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

DISCLOSURES

News & Analysis at your fingertips.