The AUD/USD Spikes on Jobs Beat
The Aussie is off and running this morning, as we have seen a strong result for Australian employment.
Rowan Crosby•Thursday, April 18, 2019•1 min read
The Aussie is off and running this morning, as we have seen a strong result for Australian employment.
Last month 25.7K new jobs were created while the unemployment rate remained steady at 5%.
There was also an uptick in the participation rate which is a big positive.
If you recall the RBA mentioned that the two key factors for a rate cut were weak employment trending lower and stagnate inflation.
The prior seems to be on the up and improving if anything so that might silence the RBA doves for now.
The AUD/USD is back testing the 0.7200 resistance level which has previously been. tough to crack.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals