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
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
Oil - US Crude
Mixed
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
Bullish
GBP/USD
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
USD/JPY
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
More View more
Real Time News
  • Iranian Ambassador to China: "The US' unilateral sanctions on Iran will turn to genocide against Iran if the international community succumbs to US bullying" - Global Times That is some intense wording. Last thing markets need now is escalated geopolitical tensions.
  • China sets the Yuan reference rate vs #USD at 7.0477 (BBG)
  • South Korea coronavirus death toll rises by 6 to 158 following reports that the country had confirmed 78 more additional cases, bringing the total to 9,661 (BBG) #USDKRW #covid19
  • Currency Strategist,@PaulRobinsonFX is a Swing trader. What is your #tradingstyle? Take the quiz and let us know: https://t.co/LPBOcS0Vtd https://t.co/skDq5iLemR
  • Singapore MAS eases policy and reduced the currency band slope to zero. (BBG) Learn more about how to trade #USDSGD here - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/09/03/The-Singapore-Dollar-and-MAS-What-is-SGD-and-How-to-Trade-it.html
  • Tune in to @IlyaSpivak 's #webinar at 10:00 PM ET/2:00 AM GMT for insight on the cross market weekly outlook. Register here: https://t.co/E213bTtq5C https://t.co/x0FHuNIsJ5
  • RT @JPan_IG: SINGAPORE CENBANK SAYS MAS WILL ADOPT A ZERO PERCENT PER ANNUM RATE OF APPRECIATION OF THE POLICY BAND STARTING AT THE PREVAIL…
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/yF133btXFd https://t.co/rUp1G9zzxj
  • #SPX futures down over 1.5% too, echoing risk-off bias https://t.co/Z0n4L156tl
  • MARKET SNAPSHOT: #ASX200 modestly higher in early trade but #Nikkei futures down over 2.5% before Tokyo trading open. #USD and #JPY leading the way higher in G10 FX, hinting at risk-off tilt, but #AUD and #NZD recovering from earlier losses
Australian Dollar Ticks Down On a Mixed Jobs Report

Australian Dollar Ticks Down On a Mixed Jobs Report

2017-01-19 02:14:00
Daniel Dubrovsky, Analyst
Share:

Talking Points:

  • The Australian Dollar declined a bit after December’s employment report
  • Jobs growth increased more than expected but the unemployment rate rose
  • Tomorrow’s Chinese GDP figures could offer more volatility for the Aussie

Would you like to know more about trading currencies or commodities? Check out our DailyFX webinars.

The Aussie Dollar fell modestly against its major counterparts following the release of a mixed employment report. Australia saw an increase of 13,500 jobs in December versus 10,000 expected and 37,100 in November. Most of these gains were derived from full time positions, which clocked in a 9,300 gain. Part time positions grew by 4,200.

However, the unemployment rate ticked up to 5.8 percent from 5.7 percent in the prior month. Economists were calling for it to remain unchanged. This was the highest reading since January 2016, a one-year high. Perhaps this could be partially explained by looking at the participation rate, which unexpectedly rose to a four-month high of 64.7 percent. More people entering the labor force could have made finding a job more competitive.

Tomorrow, China will release fourth-quarter GDP figures. As DailyFX analyst David Cottle mentioned, renewed hope for China’s overall economic showing in 2016 has helped boost prices for Australia’s raw-material exports. The Australian Dollar could experience more volatility on the outcome considering investors’ penchant for using the currency as a China-proxy bet.

Australian Dollar Ticks Down On a Mixed Jobs Report

Chart compiled in Tradingview

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

DISCLOSURES

News & Analysis at your fingertips.