Australia Labour Force | Forex Factory

  • Australia Labour Force

    From abs.gov.au Story is in PDF Format

    JUNE KEY POINTS TREND ESTIMATES (MONTHLY CHANGE) Employment increased to 11,767,200. Unemployment decreased to 753,800. Unemployment rate remained steady at 6.0%. Participation rate remained steady at 64.8%. Aggregate monthly hours worked increased 2.0 million hours to 1,636.3 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 7,300 to 11,768,600. Full-time employment increased 24,500 to 8,156,200 and part-time employment decreased 17,200 to 3,612,400. Unemployment increased 12,800 to 756,100. The number of unemployed persons looking for full-time work increased 27,200 to 541,200 and ... (full story)

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PA is King
Jul 8, 2015 8:59pm
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Quoting Daehoth
Just be patient and see how it ultimately unfolds..
Good advice.

If I may add in 3 things:
1) this is a perfect example of market makers hitting stops on both sides
2) this is a good example not to enter trades right around news.
3) a good example of why I personally like waiting for candle closes and trading 1hr or higher timeframes.
Reply
PA is King
Jul 8, 2015 9:02pm
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I'm curious about .7450 area...it's been sold off around here for nearly three days and hasn't closed above .7500 all week since breaking that major support level. But to be fair, after weeks of selling and no real retrace...at some point we'll get one. When will be the tricky part.

Trade smart!
Reply
PA is King
Jul 8, 2015 9:18pm
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Quoting PipsCrapper
Point one very much on my mind. Now the bulls have started eating the bears.
Not exactly sure on that. Maybe bears taking profit or market makers stopping out bears? Could be anything really. The 1hr candle wasnt bearish, .7450 area was busted through. Testing .7480 area now. Normal ADR is around 100pips, we had a low of .7390 tonight, so I'll be patient and see if we get any setup around .7500.
Reply
TheTopBloke
Jul 8, 2015 11:12pm
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Quoting PA is King
I'm curious about .7450 area...it's been sold off around here for nearly three days and hasn't closed above .7500 all week since breaking that major support level. But to be fair, after weeks of selling and no real retrace...at some point we'll get one. When will be the tricky part.

Trade smart!
My crystal ball says yes, this is a retracement, above .75, for now. But the down trend will continue. Fundamentally, China is locked up, Greece is locked up, but next week will be very interesting.
Reply
PA is King
Jul 8, 2015 8:35pm
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Quoting anytime1991
Time for little retracement?

Maybe, maybe not... Three close resistance levels at .7450, .7480, .7500. That's assuming it even can rally.
Reply
PA is King
Jul 8, 2015 8:42pm
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That's one ugly and bearish 15min candle. Could be one ugly, bearish 1hr candle in another 15minutes.
Reply
PA is King
Jul 8, 2015 9:18pm
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Quoting PaulDaemon
I got caught out.
Bought GBP before news.
Cut the loss
Sold and just broke even.
I like your decision making.
Reply
PA is King
Jul 8, 2015 9:52pm
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The current 1hr candle looks very similar to Monday's 1hr pinbar to the same area. We'll find out in 10minutes. Doesn't seem like any follow through on the buying.
Reply
PA is King
Jul 9, 2015 5:48am
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Quoting PipsCrapper
You got it right. The bulls lost the fight just at your stated area. Not sure what's gonna happen next. But I hope this fall is limited.
Reply
Daehoth
Jul 8, 2015 9:04pm
Permalink
Quoting PA is King
Good advice.

If I may add in 3 things:
1) this is a perfect example of market makers hitting stops on both sides
2) this is a good example not to enter trades right around news.
3) a good example of why I personally like waiting for candle closes and trading 1hr or higher timeframes.
Exactly, play smart folks. Retail traders can still beat the odds, just gotta exercise patience, diligence and study to get a sense of how market makers operate. That'll give you the edge.
Reply
PipsCrapper
Jul 8, 2015 8:44pm
Permalink
The Ausie appears too weak to make any rally. With a negative expectation and an increased unemployment rate all beaten to its favour. Yet it doesn't seem to have any strength. Maybe it'll rally in the European session.
Reply
PipsCrapper
Jul 8, 2015 9:09pm
Permalink
Quoting PA is King
Good advice.

If I may add in 3 things:
1) this is a perfect example of market makers hitting stops on both sides
2) this is a good example not to enter trades right around news.
3) a good example of why I personally like waiting for candle closes and trading 1hr or higher timeframes.
Point one very much on my mind. Now the bulls have started eating the bears.
Reply
PaulDaemon
Jul 8, 2015 10:13pm
Permalink
Quoting PA is King
I like your decision making.
Was a quick decision ended up being just slightly ahead . Looked like a good buy just before news.
I have done this kind of thing before but without cutting and made profit both ways but I hate being in the negative for extended periods, so I prefer to cut then Im free to wait for the next opportunity.
Reply
PipsCrapper
Jul 9, 2015 5:13am
Permalink
Quoting PA is King
Not exactly sure on that. Maybe bears taking profit or market makers stopping out bears? Could be anything really. The 1hr candle wasnt bearish, .7450 area was busted through. Testing .7480 area now. Normal ADR is around 100pips, we had a low of .7390 tonight, so I'll be patient and see if we get any setup around .7500.
You got it right. The bulls lost the fight just at your stated area. Not sure what's gonna happen next. But I hope this fall is limited.
Reply
whtangpi
Jul 8, 2015 9:15pm
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yes. buying AUD at least for some retrace
Reply
Daehoth
Jul 8, 2015 8:56pm
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Just be patient and see how it ultimately unfolds..
Reply
anytime1991
Jul 8, 2015 8:32pm
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Time for little retracement?
Reply
PaulDaemon
Jul 8, 2015 8:37pm
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How fake.
Spiked even before news.
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FxAlTareeq
Jul 8, 2015 8:38pm
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Quoting anytime1991
Time for little retracement?
I serious doubt there will be an Aussie rally. The fundamentals are clearly not in it's favor.
Reply
PaulDaemon
Jul 8, 2015 8:44pm
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Quoting PA is King
That's one ugly and bearish 15min candle. Could be one ugly, bearish 1hr candle in another 15minutes.
Reply
PipsCrapper
Jul 8, 2015 8:46pm
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Quoting PA is King
That's one ugly and bearish 15min candle. Could be one ugly, bearish 1hr candle in another 15minutes.
I hope not
Reply
PaulDaemon
Jul 8, 2015 9:16pm
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I got caught out.
Bought GBP before news.
Cut the loss
Sold and just broke even.
Reply

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