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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
GBP/USD
Bearish
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
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/Bnih4YvTdg
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX! https://t.co/lxd5fZ5LG7
  • (Weekly Fundy) Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande #CrudeOil #WTI #OPEC #Evergrande https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/09/26/Crude-Oil-May-Rise-as-Covid-Case-Growth-Slows-WTI-Eyes-OPEC-Outlook-Evergrande.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/76e2aGf3p0
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4Cnoc1dk0 https://t.co/NhsMS1EY4b
  • We are heading into the final trading days for the month of September and event risk thins out amid the $SPX's rebound. This is what history says for the 39th week of the year and here is my take on the variable factors: https://www.dailyfx.com/forex/video/daily_news_report/2021/09/25/SP-500-and-Dollar-Have-Different-Views-for-Last-Week-of-September.html https://t.co/4OBVmrvI7I
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today: https://www.dailyfx.com/free-trading-guides?ref-author=social#forecastschoices=AUD?QPID=30472&CHID=9 https://t.co/LHJi7CNFmM
  • $EURUSD https://t.co/KZyXX6p2oI
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh8pYG3 https://t.co/1zNf5dpDjU
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/z8z6BNudn5
  • #PELOSI SAYS WE ARE GOING TO PASS THE INFRASTRUCTURE BILL THIS WEEK PELOSI SAYS SHE WILL NEVER BRING TO THE HOUSE FLOOR A BILL THAT DOESN'T HAVE THE VOTES TO PASS $USD $SPX $XAUUSD
Australian Dollar Declines Despite Net Gain in Employment

Australian Dollar Declines Despite Net Gain in Employment

Daniel Dubrovsky, Strategist

Talking Points:

  • Australian Dollar ended up declining against its major peers on July’s jobs report
  • Net gains in employment amounted to 27,900, stronger than the +20,000 forecast
  • Details showed that the increase derived from part-time positions as full-time fell

Just started trading AUD/USD? See our beginner guides to help build your strategy!

The Australian Dollar initially struggled to make up its mind on a mixed July employment report. During the first minute after the release, AUD/USD sparked sharply lower and immediately retraced its losses. The currency then ultimately followed through with a dive.

Looking at the numbers, net gains in employment amounted to 27.9k. This was higher than the 20.0k forecast and stronger than the 20.0k increase in June (revised higher from 14.0k). In addition, the unemployment rate fell to 5.6% from 5.7% as the participation rate increased to 65.1% from 65.0%.

What seemed to give the markets brief hesitation before commitment were the details of the employment gains. Australia actually lost 20.3k full-time jobs while gaining 48.2k part-time positions. Perhaps this could have explained why AUD/USD eventually fell despite some rosy readings in the data. Last time, the opposite was the case when full-time position growth outpaced part-time losses.

Looking ahead, an absence of economic data from Australia until next week might leave the sentiment-linked Aussie vulnerable to risk trends. As Senior Currency Strategist Ilya Spivak mentioned, the Australian Dollar still appears to be attractive for yield-seeking investors while the RBA is in no rush to raise rates.

Australian Dollar Declines Despite Net Gain in Employment

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

DISCLOSURES