AUDUSD still be in Bearish Trend...
Australian Dollar Still Stuck Despite Strong Employment Data
The Australian Dollar didn’t get much juice out of a fairly perky set of official employment data released on Thursday. The domestic economy added 22,600 jobs in April, nicely above the 26,000 rise predicted. Much of the surge was in the full-time jobs Aussie bulls usually like to see, too. Fully 32,700 of those were created, contrasting with a fall of 10,000 in part-time employment. The unemployment rate crept up, admittedly, to 5.6% from 5.5% but the participation rate rose too, to 65.5%, from 65.5%. Indeed, the ‘trend’ participation rate hit a new record high of 67.5%. Still, AUD/USD failed to react as it might have. ... (full story)
- Posted: May 16, 2018 11:13pm
- Submitted by:Category: Fundamental AnalysisComments: 2 / Views: 1,035