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  • AUDUSD: Trading Australia’s Employment Report

    From dailyfx.com

    Read Full Story at dailyfx.com

    Employment in Australia is expected to increase 6.5K after contraction 15.4K in February and the rebound in job growth may spark a bullish reaction in the AUDUSD as the development reinforces an improved outlook for the $1T economy. As private sector activity gradually gathers pace, we may see the Reserve Bank of Australia preserve a wait-and-see approach throughout 2012, but the central bank may keep the door open to ease policy further as the slowdown in global trade dampens the prospects for an export-led recovery. According to Credit Suisse overnight index swaps, market participants see a 93% chance ... (full story)

    • prive

      54 posts
    • "Forecasts for a rebound in employment casts a bullish outlook for the high-yielding currency, and a positive development could set the stage for a long Australian dollar trade as the data raises the prospects for a more robust recovery."

      Anyone holding short through the release or are you taking profits?

    • Melb

      1 posts
    • I will hold my short position. Trend is still down on the daily. Having said that my stop is at 1.0335 and I wouldn't be surprised if I get stopped out.But I will just look for another short set up. Happy trading all.

    • Guest

      IP XX.XX.109.121
    • Imo do not trade event risk, at least not on spot

    • MitchL

      131 posts
    • Quoting Melb
      I will hold my short position. Trend is still down on the daily. Having said that my stop is at 1.0335 and I wouldn't be surprised if I get stopped out.But I will just look for another short set up. Happy trading all.
      You still looking for another short ?
      I think we need to see what tonight's new's on the USD says to determine if AUD/USD short/medium term has turned to up again ?

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