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.

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
EUR/USD
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
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
Bearish
Gold
Bearish
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: NYM WTI Crude 39.83 (+0.08%), ICE Brent Crude 41.69 (-0.07%), NYM NYH Gasoline 117.81 (+1.19%). [delayed]
  • Today's webinar recording if you missed it live - https://t.co/JyBaVkbzI8
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD https://www.dailyfx.com/forex/analyst_picks/todays_picks/james_stanley/2020/09/23/US-Dollar-Price-Action-Setups-USD-EUR-USD-EURUSD-GBP-USD-GBPUSD-AUD-USD-AUDUSD.html https://t.co/mXFX1rWAr0
  • Canadian #Dollar Outlook: $USDCAD Breakout Levels- Bull’s First Test - https://t.co/sDdpxq3Zxd https://t.co/mFLUeJ8sY2
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.05% Gold: -1.79% Silver: -5.98% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wrmWnBAFaX
  • TikTok files for a preliminary injunction against Trump ban - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.16%, while traders in NZD/USD are at opposite extremes with 63.82%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BUdnibnuey
  • The DAX 30 is on pace for a noteworthy weekly loss after a key trendline was breached. Get your #DAX market update from @PeterHanksFX here: https://t.co/OoQaBTGv8I https://t.co/1yoq1vYqV5
  • Fed's Quarles: -Decline in inflation expectations bears watching -Will take long time to fully recover from coronavirus shock -Sees strong momentum in household spending -Will be patient reacting to upward inflation deviations $USD $XAU
  • US equities pushing lower in afternoon trade. Downside led by the Nasdaq, followed by the S&P 500 and Dow Jones. $SPX $DJI $NDX $ES_F $YM_F $NQ_F #Stocks #StockMarket https://t.co/TIKHzGxD0y
Australian Dollar Surges As Full-Time Job Creation Smashes Forecasts

Australian Dollar Surges As Full-Time Job Creation Smashes Forecasts

2019-02-21 00:52:00
David Cottle, Analyst
Share:

Australian Dollar, Official Employment Data, Talking Points:

  • The Australian Dollar gained following official employment figures’ release
  • Full time job creation was a massive 65,400 in January
  • The inflationary and monetary policy impact of these figures may be much more muted than the headlines would suggest

Join our analysts for live, interactive coverage of all major Australian economic indicators at the DailyFX Webinars.

The Australian Dollar leaped Thursday following the release of a blockbuster official labor-market report from its home country.

39,100 Australians found jobs in January, more than twice the 15,000 expected beforehand. The real jewel in the report was full time employment, which grew by a stunning 65,400. Part time roles declined by 26,300. The overall participation rate rose to 65.7%, from 65.6%, and the unemployment rate remained steady at 5%/

These numbers show that the hugely impressive cycle of Australian job creation has endured into 2019, so the Australian Dollar’s reaction was understandable.

Australian Dollar Vs US Dollar, 5-Minute Chart

However, job creation has not so far led to much in the way of an inflationary push, with consumer price inflation still languishing below the Reserve Bank of Australia’s target range. There’s also little sign of wage inflation, with pay rises sluggish into the end of 2018.

On its broader daily chart the Australian Dollar remains pressured having headed lower earlier this month when the Reserve Bank of Australia admitted that record-low interest rates could yet fall. Previously it had insisted that the next move was likely to be a rise. The RBA also reduced substantially its forecast assumptions for growth and inflation.

Australian Dollar Vs US Dollar, Daily Chart

Still, AUD/USD remains above the downtrend channel which bounded trade for much of 2018, as US interest rates rose and Australia’s didn’t. The Australian currency has recently benefitted from the markets’ expectation of more monetary caution on the part of the Federal Reserve. Increased global risk appetite on hopes that China and the US can get through their trade impasse has also helped.

Resources for Traders

Whether you’re new to trading or an old hand DailyFX has plenty of resources to help you. There’s our trading sentiment indicator which shows you live how IG clients are positioned right now. We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets. There’s also a Bitcoin guide. Be sure to make the most of them all. They were written by our seasoned trading experts and they’re all free.

--- Written by David Cottle, DailyFX Research

Follow David on Twitter@DavidCottleFX or use the Comments section below to get in touch!

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

DISCLOSURES