The Australian dollar broke its fall
09.11.2015
The AUD/USD pair has stabilized and is restoring for the first time in five trading days on a calm USD background.
On Monday afternoon, the Australian dollar continues to grow. The current quote in the AUD/USD pair is 0.7062. Apparently, the major traded currencies are trying to make an effective use of a pause in the sequence of the strengthenings in the US dollar.
According to statistics released today, the number of jobs in October, according to ANZ calculations, was only 0.4% against the previous value of 3.8%. The indicator is usually left unnoticed by the capital markets, but it is quite important for the understanding of the employment sector. A reduction in the number of vacancies index indicates a decline in the employment sector, and is a negative signal for the Australian dollar. By default, the indicator used to analyze and forecast the state of the labor market.
But today, the market reaction is ambiguous - while the US dollar is resting from the Friday's jump, it's a good time to stabilize and recover. At the same time there is no other important statistics on Monday, as well as calm background information.
However, there will still be important publications for the Australian dollar this week - for example, from China. Any fact, pointing to the slowing of the economic growth of China, will be played out not in favor of the Aussie investors.
RoboForex Analytical Department
On Monday afternoon, the Australian dollar continues to grow. The current quote in the AUD/USD pair is 0.7062. Apparently, the major traded currencies are trying to make an effective use of a pause in the sequence of the strengthenings in the US dollar.
According to statistics released today, the number of jobs in October, according to ANZ calculations, was only 0.4% against the previous value of 3.8%. The indicator is usually left unnoticed by the capital markets, but it is quite important for the understanding of the employment sector. A reduction in the number of vacancies index indicates a decline in the employment sector, and is a negative signal for the Australian dollar. By default, the indicator used to analyze and forecast the state of the labor market.
But today, the market reaction is ambiguous - while the US dollar is resting from the Friday's jump, it's a good time to stabilize and recover. At the same time there is no other important statistics on Monday, as well as calm background information.
However, there will still be important publications for the Australian dollar this week - for example, from China. Any fact, pointing to the slowing of the economic growth of China, will be played out not in favor of the Aussie investors.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.