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  • Australia Labour Force

    From abs.gov.au

    Employment increased to 11,645,500. Unemployment increased to 710,700. Unemployment rate increased by less than 0.1 pts to 5.8%, based on unrounded estimates. Participation rate at 64.8%. Aggregate monthly hours worked decreased to 1,641.6 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 21,000 to 11,659,900. Full-time employment increased 15,500 to 8,107,900 and part-time employment increased 5,500 to 3,552,000. Unemployment increased 3,400 (0.5%) to 712,500. The number of unemployed persons looking for full-time work decreased 3,500 to 517,700 and the number of unemployed persons ... (full story)

Pretty good number's but the market must think other wise!
  •  Guest
  • | IP XXX.XXX.20.153
the market doesn't care the number although it is a very good sign of improvement , it is always against the trader ... nothing happen to Aussie .. nothing of any good sign at all
what is causeing the assie to drop like this? gold and oil is holding somewhat steady? It is droping with every currency i have looked at just now
There are several things to look at this:

First, The news is wrong.
Second, We look at and focus on the wrong news.
Third, First and Second both together.
Fourth, The market ignores the news.
Fifth, etc.

But although maybe we are wrong, that doesn't mean we can't make any profit. News is not the only component in trading.
sometimes, aud likes to touch s/r line before following news
sometimes....
  •  Guest
  • | IP XXX.XX.191.135
Will Aussi rise again?? at least from the 1st support?
  •  Guest
  • | IP XX.XX.14.218
Based on past few months, that market is moving against the news, so I now started forcusing on technical and always enter trade based on support and resistence. looks like AUS is going down to 8910, before it will start moving back up.
  •  Guest
  • | IP XXX.XX.191.135
but 8910 is so far
Quoting Guest
Based on past few months, that market is moving against the news, so I now started forcusing on technical and always enter trade based on support and resistence. looks like AUS is going down to 8910, before it will start moving back up.
but 8910 is so far
General Motors is pulling out of Car Manufacturing in Australia, it is big news here. They are talking of recession in some states because of it.
.8878 my next D1 support but wouldn't be surprised if that support is broken and we see price around .8550 in next few months
Many support has been broken since after the news but Aussi is looking for key supports which starts from 0.9006 to 0.8989. But all will depend on USA open and news releases.
Quoting Marrethiel
General Motors is pulling out of Car Manufacturing in Australia, it is big news here. They are talking of recession in some states because of it.
Short term pain for long term gain,All those workers at Ford,Mitsubishi and Holden I'm sure will all find work in profitable businesses!

Lib's will correct the error's of labor like they have in the past but the budget is in such a mess from 6yr of waist-full spending by the previous labor Gov it will take time to get things back on track. I have faith Liberal government will get us back on track as they have done a hell of a good job this far in such a short time (3mth)
It isn't about what is actually the best, it is the perception and irrational fear of the word recession. We gained 15k full time jobs last month, so the amount of jobs nationally isn't a problem. However there are going to be several regions that will be challenged by job losses.
Quoting Marrethiel
We gained 15k full time jobs last month, so the amount of jobs nationally isn't a problem. However there are going to be several regions that will be challenged by job losses.
Some of those people will just have to relocate where there is work.

Our company in Sydney is employing people for 2 large projects we'll be starting in January and we're bidding for more work so by the time we finish these 2 projects there will be more work added to the pipeline as well.

Ok it isn't car manufacturing, but it is work.
Car manufacturers have to be innovative to survive but it can be done.
Look at Tesla,
http://natgeotv.com/ca/megafactories/videos/brand-new-tesla-factory
Have a nice day
  •  Guest
  • | IP XXX.XX.189.62
Really i'm sad now, i closed my orders on a big loss, i was in a hurry, i had to be patient, AUS/JPY rose back to the zero entry. and AUS/USD rose back a little up.
it could be better if i was a little patient.
Quoting Guest
Really i'm sad now, i closed my orders on a big loss, i was in a hurry, i had to be patient, AUS/JPY rose back to the zero entry. and AUS/USD rose back a little up.
it could be better if i was a little patient.
If you are on a lost, just put a SL and don't regret when it's hit. If it's not hit, then you can recover some. That's the only way I know.
Quoting frx_trader
If you are on a lost, just put a SL and don't regret when it's hit. If it's not hit, then you can recover some. That's the only way I know.
i feel like i am already to far in the hole to take a lose now. i have no choice but to hold on to my trades. i am still getting interest on my aud/usd long possition.
Quoting wildmanmcgra
i feel like i am already to far in the hole to take a lose now. i have no choice but to hold on to my trades. i am still getting interest on my aud/usd long possition.
If you can hold to 85.00 you should be ok, Its unlikely but we could see 93.00 again, but that would be a great price for a sell. The Aussie is edging its way down to its new home range between mid 80's and early 90's.
Lol, there you go
13:22 RBA Governor Stevens says Australia needs AUD closer to USD 0.85
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  •  Guest
  • | IP XX.XX.9.170
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