I think the news is mixed and current fluctuations is showing that. Fall in full time, more part time = more under-employment. It a cheat way for the government to brag but actually makes the economic siutation worse. Lets wait and see.
I think the news is mixed and current fluctuations is showing that. Fall in full time, more part time = more under-employment. It a cheat way for the government to brag but actually makes the economic siutation worse. Lets wait and see.
The Australian dollar rebounded through trade on Wednesday having tested key technical supports earlier this week. Improved copper and iron ore prices combined with broader US dollar weakness following the Federal Reserve’s release of its July meeting minutes helped the AUD bounce of monthly lows at 0.7818 and rally more than 100 points to intraday highs at 0.7925. Heightened stagflation concerns peppered the Fed’s minutes and dampened investors’ expectations for a monetary policy adjustments and a December rate hike forcing markets to unwind the weeks earlier USD gains. Opening this morning buying 0.7927 U.S. cents attentions turn to domestic labour market data for direction through trade today. With unemployment expected to remain steady at 5.6% a move beyond market expectations is needed to prompt any significant price action beyond resistance at 0.7960 and 0.80.
Waiting for confirmation of 4h to short, the only think i am suspicious is the gold and U/J.Ssomething doesn't seem right.
Ignored
for AU you need to monitored also ore price. better wait for unemployment claim otherwise it will be a gambling. i just put small lot short if we have two bear candle on AU H1.
making money is easy in forex, losing money is even easier...
