Australia Labour Force

Australia Labour Force

From abs.gov.au

Employment increased to 11,535,200. Unemployment increased to 648,500 from a revised October 2012 estimate. Unemployment rate steady at 5.3% from a revised October 2012 estimate. Participation rate steady at 65.1%. Aggregate monthly hours worked increased to 1,622.0 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 13,900 (0.1%) to 11,546,400. Full-time employment decreased 4,200 to 8,132,200 and part-time employment increased 18,100 to 3,414,200. Unemployment decreased 16,300 (2.5%) to 637,400. The number of persons looking for full-time work decreased 8,500 to 461,800 and the number ... (full story)

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Dec 5, 2012 7:20pm

look at AUD/USD thread just posted job full time numbers and every year since the start of recording of numbers NOV/DEC jobs rise but in January they come back down to earth. Australia will be back at 5.4 in January

ReaM

Dec 6, 2012 3:50am

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Quoting iykoben

Disliked

there is a wonderful opportunity there i straddled the trade then my broker filled my order with about more than 20pips slippage and killed the opportunity now am struggling to break even

Ignored

Maybe it's time to change broker? Use limit orders? Futures? With futures you have 0 slippage even during news. Something like Mirus Futures has all kinds of markets you can trade.

Sounds awefull 20 pips

liberty458

Dec 5, 2012 8:33pm

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This is the latest recap for the Aussie, Atr 14 at57, RBA cuts. Retail sales down , current account down , PMI's down, building approvals down, GDP down. Jobs all part-time.....
Can anyone tell me that this is all good....something is up and I'm not sure what, but it smells all a bit fishy, same with the Pound but anyway i have 2 trades open and will wait out the x-mass season because the whole market just does not make any sense at the present time....
All the best for the season Ladies and Gentlemen may you be blessed with lots of Trading success in 2013....

liberty458

Dec 6, 2012 4:51am

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Yes always wait until after the news release is done, the numbers are released and the trade is going either with the release or against it, I myself never trade the news much safer to wait and see what is going on, and most news releases are not very inspiring in the first place, be patient that and money management, and off course having a trading plan, if and when you have that you will do ok and as time goes by you become a good trader, the odds are with you that you will succeed, and one other thing NEVER trade against the HIGH Swap Paying Currencies if you learn that you will be ahead of the Game right from the beginning....

richhand

Dec 5, 2012 7:48pm

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Quoting iykoben

Disliked

there is a wonderful opportunity there i straddled the trade then my broker filled my order with about more than 20pips slippage and killed the opportunity now am struggling to break even

Ignored

I think straddling is risky, I would like to know if anyone makes this worthwhile over the long term

liberty458

Dec 6, 2012 3:36am

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the best way to trade the news would be to wait 25 minutes or so until the dust is settled then trade in the direction of the market.....
a lot safersure you may missa few pips, but that is life....

khol_hands

Dec 6, 2012 1:04am

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good data will be enough to make aud strong bullish till the end of this year.sweet pips... ichimoku daily!!!

iykoben

Dec 6, 2012 3:40am

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Quoting liberty458

Disliked

the best way to trade the news would be to wait 25 minutes or so until the dust is settled then trade in the direction of the market.....
a lot safersure you may missa few pips, but that is life....

Ignored

so do i need to check the released numbers before trading

Afaqkhalid

Dec 6, 2012 12:43am

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at exact time of news ... AUD got strength and it increase almost 50pips as i saw in the chart

iykoben

Dec 5, 2012 6:56pm

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there is a wonderful opportunity there i straddled the trade then my broker filled my order with about more than 20pips slippage and killed the opportunity now am struggling to break even

Trader#6D68

Dec 5, 2012 9:56pm

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Every good gold rush eventually comes to an end. Looking at the monthly Aud/USD chart it looks like it's been gradually downward since floating in the late 70's until the early 2000's w/ XAU going up. I think gold & the Aussie will have a rude awakening downward before too long. Looking to see you greedy pigs at 1.03333 , 1.0250, & 1.01 something soon! Peace, love & gorilla warfare 2 u all! Happy Trading!