Australia Labor Force | Forex Factory

Australia Labor Force | Forex Factory

Australia Labor Force

From abs.gov.au

JUNE KEY POINTS TREND ESTIMATES (MONTHLY CHANGE) Employment increased to 11,668,300. Unemployment increased to 699,700. Unemployment rate at 5.7%. Participation rate remained steady at 65.3%. Aggregate monthly hours worked increased to 1,636.8 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 10,300 (0.1%) to 11,668,500. Full-time employment decreased 4,400 to 8,144,500 and part-time employment increased 14,800 to 3,524,100. Unemployment increased 23,700 (3.5%) to 709,300. The number of persons looking for full-time work increased 16,900 to 525,900 and the number of persons looking ... (full story)

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Jul 10, 2013 8:55pm

Well, given how price has stayed 20pips off the initial spike on news release...that doesn't bode well for longs. Also, GU and EU have been selling off the past couple of hours, so USD is getting back some of it's losses from earlier which also isn't good for longing A/U.

As someone mentioned above, it's probably best to scalp some trades instead of looking for any large run again. Today's run up probably beat a lot of people up. just my 2 cents.

Jul 10, 2013 9:10pm

Quoting jaygee

Disliked

i can't imagine how many stops got run out today

Ignored

A lot. Just clearing the way for a drop IMHO. Just before the top at 1.3416, COT data showed a cut in shorts by 85% Posters thought this was bullish all the way to 1.36-1.37

It than dropped 700 pips. This is a huge move up, but it wouldn't surprise me.

Jul 10, 2013 9:24pm

Quoting jaygee

Disliked

That or someone large is about to get squeezed out of their short trade. Time will tell. I have a short scalp going now eur/usd but i will NOT hold it over

Ignored

And we got the BOJ later too. Time will tell

Jul 10, 2013 10:24pm

Another drop in full time employment and a tick up in the unemployment rate, which confirms the poor retail sales figures, consumer sentiment and business confidence. The AUD rally looks corrective up to 0.9300 and the top of the current downtrend channel is around 0.9330. A daily close above this relieves downside momentum and supports the double bottom 0.9036, so its then onto 0.9401 the 23.6fib of the move 1.0582/0.9036 and then the 50ema at 0.9528. Conversely a failure at 0.93 tonight suggest a downside resumption, albeit slowly.

On the EUR, Europe and London didn't get in on the FOMC action (yet) so I'm long the EUR target 1.32 on the continuation of the correction. Imho anywhere above this looks a great place to short.

Jul 10, 2013 9:19pm

Same coincidence. Like Last NFP unemployment rate increased but employment change also increased. So they won't give you a clear direction means choppy market. So I really doubt the correctness of these data.. Anyhow I am not going to trade on this. Asian session is always risky and kind of boring. I will try UK or USA session.....

Jul 10, 2013 8:41pm

After the big move.. only can scalp now.. if you ask me.. Long term sure is up

Jul 10, 2013 8:50pm

short short..... aud

Jul 10, 2013 11:28pm

Dont heat your head by thinking about numbers because BERNANKE is the only one

Jul 10, 2013 8:50pm

Quoting jaygee

Disliked

you must be new to this ali awan. you have a lot of questions

Ignored

yeah jayee first time in 2 yers my trading experience i trade in aud and intrested in future i also trade in this pair so please guide me today or in next hour its goes down or high

Jul 10, 2013 9:09pm

Quoting jaygee

Disliked

i can't imagine how many stops got run out today

Ignored

thank you jaygee thanks for your advice i see it here in aud/usd no any good move bearish or bullish its already over now i think dollar is come back in bullish trend thanks for advice me

Jul 10, 2013 9:14pm

Quoting ali awan

Disliked

thank you jaygee thanks for your advice i see it here in aud/usd no any good move bearish or bullish its already over now i think dollar is come back in bullish trend thanks for advice me

Ignored

take a look at the aud/usd daily chart. I rarely sell something that has sold off that large. buy the bottom, sell the top if you can.

Jul 10, 2013 9:15pm

Quoting Pip Anon

Disliked

A lot. Just clearing the way for a drop IMHO. Just before the top at 1.3416, COT data showed a cut in shorts by 85% Posters thought this was bullish all the way to 1.36-1.37

It than dropped 700 pips. This is a huge move up, but it wouldn't surprise me.

Ignored

That or someone large is about to get squeezed out of their short trade. Time will tell. I have a short scalp going now eur/usd but i will NOT hold it over

Jul 10, 2013 8:37pm

is aud/usd fall or up whereas climate of jobs rate is high but employment rate is down

Jul 10, 2013 8:40pm

you must be new to this ali awan. you have a lot of questions

Jul 10, 2013 8:46pm

last time unemployment was this high was oct/2009 on long term sell aud

Jul 10, 2013 8:51pm

Quoting kuncung

Disliked

short short..... aud

Ignored

you mean sell aud/usd

Jul 10, 2013 8:59pm

we are all on our own here ali. I can tell you what i see but you have to figure out what to do with it

Jul 10, 2013 9:00pm

i can't imagine how many stops got run out today

Jul 10, 2013 9:19pm

hey guys, now the aud/usd pair has given some breath. I have been safe

Jul 10, 2013 9:32pm

yes i also wait for BOJ

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Jul 10, 2013 8:31pm
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High Impact Breaking

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AU Employment Change

AU Unemployment Rate