When the facts change I change my mind, what do you do sir
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AUD/USD – Tremendous Employment Data send Aussie Soaring
Australian Employment Change came in at +71.5K vs an expected +10K. Full time employment grew 17.8K, and part-time employment increased by 53.7K. The gain in employment is so strong that unemployment rate has been pushed lower by 0.1 percentage point to 5.4% despite an increase of participation rate from 65.0% to 65.3%. This is a huge improvement from previous month’s data, and signal a turn around in Australia’s employment force which has seen a fall in full-time employment for previous 2 consecutive months. 1 Min Chart Price jumped higher predictably, pushing further away from the 1.03 significant resistance. ... (full story)
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