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Australian Employment Change m/m

Discussion in 'Economic Indicator Descriptions' started by Felix Homogratus, Nov 7, 2009.

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  1. Felix Homogratus

    Felix Homogratus Commander in Chief

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    Australian Employment Change comes out once per month.

    What they do is calculate the number of jobs in Australia this month versus previous month. When the number is positive, it means that there are more jobs in Australia this month over previous month. When the number is negative, it means that there are less jobs in Australia this month over previous month.

    Higher number signifies that Australian economy is doing better, which in turn means that Australia will be more likely to eventually increase its interest rate. When interest rate of a country is higher, it attracts investors to buy its currency, which increases the value of the currency versus other currencies.

    So, when Australian Employment number comes out better than expected, traders tend to speculatively buy Australian dollars, so AUD/USD tends to go up. When Australian Employment number comes out worse than expected, traders tend to speculatively sell Australian dollars, so AUD/USD tends to go down.

    To read more about Australian Employment, visit the official website that releases it. The link is Australian Bureau of Statistics

    I highly recommend you see the history of this indicator and charts of how it affected AUD/USD and other currencies. You can do that by following this link: Forex News Trading | Details and History for AUD Employment Change m/m

    If you want me to email you 1 day before this report is released, and explain to you in details on how to trade it, then please sign up for my free trading signals by going to this link:
    Forex Daily Trading Signals - Forex Peace Army Forum

    In the signal, I tell you exactly how many pips the currency will most likely move, depending on the difference between expected and actual numbers.
     
    #1 Felix Homogratus, Nov 7, 2009
    Lasted edited by : Sep 8, 2016
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