Preview of Australian Employment Change: What Happens to the AUDUSD?

We have the Australian employment data due for release at 12.30 am UTC. The figures for reference are shown below: • Australian Employment Change: – 38K (expected); 111.0K (previous) • Unemployment rate (7.0%) expected; 6.8% (previous) Westpac notes that last month’s figures, which beat market expectations, were as a result of of a 50.2 rise in non-incorporated self-employed business people. Labour participation rose to 64.8% and was generally higher in many states except Victoria. This metric is expected to remain unchanged. For the news release to be considered a tradable event, there must be no conflict … (full story)

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