Australia Labour Force | Forex Factory

  • Australia Labour Force

    From abs.gov.au Story is in PDF Format

    Employment increased to 11,646,800. Unemployment increased to 770,900 from a revised November 2014 estimate. Unemployment remained steady at 6.2% from a revised November 2014 estimate. Participation rate remained steady at 64.7% from a revised November 2014 estimate. Aggregate monthly hours worked decreased 1.8 million hours to 1,602.0 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 37,400 to 11,679,400. Full-time employment increased 41,600 to 8,105,300 and part-time employment decreased 4,100 to 3,574,100. Unemployment decreased 16,200 to 759,200. The number of unemployed persons ... (full story)

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PA is King
Jan 14, 2015 6:39pm
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Quoting Deano9999
Impossible numbers, but for the market it is what it is. 0.825 will probably be the ceiling again, representing a double fail if it reaches that far.

As I mentioned on another post, the bar wasn't set too high with expectations of only 5.3k! It's easy to beat such low expectations!
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PA is King
Jan 14, 2015 7:16pm
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Quoting kabukyboy
what is your your direction Pa? thanks

Overall I'm still bearish(Sell the Rallies). Right now, waiting for the rally to find a top.

Quoting JustPippinIt
Looks to me as if we will have to see if the price can break .82 strongly and if it does we look for the .825 mark to be significant. Thoughts? I may be completely wrong
I agree....8250 area will be interesting since it was Monday's Highs and the 4hr 200ema roughly. Just depends on what the Market Makers order books are like on weather they stop there or not. If the majority try shorting up there, then the market makers will probably go even higher to stop them out. Or they could trip some longs on a break above and then go short.

Always have a plan on where you'll enter and exit(make sure there is an exit plan for both good and bad trades!!!!).


Cheers!
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PA is King
Jan 15, 2015 5:47am
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Just something to think about....If you look at January 2014, Aussie sold off that month and put in it's low...then for the next several months(through the summer) it did nothing but rally. It's not confirmed yet, but looks like a possibility the same thing is happening this year! Just keep an eye out and trade smart!
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PA is King
Jan 15, 2015 11:38am
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Quoting buster48
How did you get the 50ma at .8280 on the daily PA it still hasn't come down that far on my charts 5pm gmt ,your post was at 2pm gmt so even higher then.Bit confused there PA cheers as always.
You are looking at the daily 50ema right?
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abhirag
Jan 14, 2015 6:46pm
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The news has made price spiked up from 200 EMA (1HR). I am expecting it a break, Lets see where this candle closes. I have both short and long trade opened. Will take profit first once the price is settled .
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Ozzie Taz
Jan 14, 2015 8:11pm — Edited
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I re-entered a short at 0.82164. Still bearish on Aussie due to the RBA's keenness for 0.75 US in the long run.

Aussie seen gains on slightly better than expected employment figures.
USD temporarily bearish due to disappointing retail sales.

If PPI and unemployment is as expected for the US, then i expect AUD/USD to resume its bearish course.
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Deano9999
Jan 14, 2015 7:30pm
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Classic short play developing at 0.8250 for the primary pair. The 200ema on the 4Hr is currently 0.8251, so I'll be shorting at 0.8255 with a stop above the daily 50 ema at 0.8340, target the 2008 major support at 0.7930 but taking 50% profit at 0.8020.
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buster48
Jan 15, 2015 11:18am
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Quoting PA is King
Well, price didn't stall at the 4hr 200ma at .8250...so no trade there. But I am short at the daily 50ma touch at .8280.
How did you get the 50ma at .8280 on the daily PA it still hasn't come down that far on my charts 5pm gmt ,your post was at 2pm gmt so even higher then.Bit confused there PA cheers as always.
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irongoose
Jan 14, 2015 7:06pm
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Quoting Deano9999
Impossible numbers, but for the market it is what it is. 0.825 will probably be the ceiling again, representing a double fail if it reaches that far.
Quoting PA is King
As I mentioned on another post, the bar wasn't set too high with expectations of only 5.3k! It's easy to beat such low expectations!
If there is a shorting opportunity I believe Deano9999 is right about .8250 level, .8250 is just kinda sitting up there all by itself so that's where the orders will be sitting that the banksters will go after.
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PA is King
Jan 15, 2015 6:58am
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Well, there you have it, Aussie did go for the daily 50ma like i mentioned on Monday, I was just three days early in my analysis!
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PA is King
Jan 15, 2015 7:31am
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Quoting ozboy
back to the business ... sell the rally
Well, price didn't stall at the 4hr 200ma at .8250...so no trade there. But I am short at the daily 50ma touch at .8280.
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PA is King
Jan 15, 2015 9:19am
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That was an easy 50pips. When the normal adr on a/u is 100pips, and price rallies nearly 150...and hours the daily 50ma for the first time in a while...you should be able too make some profit.
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PA is King
Jan 15, 2015 3:37pm
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Weird, mine shows just under .8290
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roger44
Jan 14, 2015 7:03pm
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AUD/USD : Up, up, up, fly high!
The news which is from government, will be last a period (at least several days) rather than just several hours only.
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Deano9999
Jan 14, 2015 6:36pm
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Impossible numbers, but for the market it is what it is. 0.825 will probably be the ceiling again, representing a double fail if it reaches that far.
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buster48
Jan 15, 2015 12:37pm
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Quoting PA is King
You are looking at the daily 50ema right?
Yes PA it was the 50ema daily .Both on alpari and pepperstone. still only 0.833 now 18.37 gmt.
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buster48
Jan 15, 2015 4:13pm
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Quoting PA is King
Weird, mine shows just under .8290
Yes strange that PA, anyway thanks for that as always.
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17607
Jan 14, 2015 8:13pm
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BASTARDS. Use AUD as a toilet tissue
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kabukyboy
Jan 14, 2015 6:41pm
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what is your your direction Pa? thanks
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JustPippinIt
Jan 14, 2015 6:44pm
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Looks to me as if we will have to see if the price can break .82 strongly and if it does we look for the .825 mark to be significant. Thoughts? I may be completely wrong
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JustPippinIt
Jan 15, 2015 11:15am
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Great thoughts PA, interesting to see if we get a strong break of the 50ma on the daily anytime soon
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fxmusa
Jan 15, 2015 12:01am
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good data.
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ozboy
Jan 15, 2015 7:11am
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back to the business ... sell the rally
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yunyoungro
Jan 14, 2015 6:49pm
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he
Quoting kabukyboy
what is your your direction Pa? thanks
he said, wait for 300

so i am waiting for selling there
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forexreward.
Jan 14, 2015 7:47pm
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very disappointing movement after having such news, looks like mkt will go down again not a trend changer movement, but the news can be. need to short aud again looking for better entry point.
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henryfekok
Jan 14, 2015 7:54pm
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sell on rally, again and again
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Trader#DE3D
Jan 14, 2015 7:57pm
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Quoting forexreward.
very disappointing movement after having such news, looks like mkt will go down again not a trend changer movement, but the news can be. need to short aud again looking for better entry point.
Have you forgotten the fall in the price of Iron ore, coal and now copper?
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Trader#C0A8
Jan 14, 2015 8:10pm
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Fundamental imbalance between reality and sentiment. Whoever thinks the US will raise rates should consider the ~18 Trillion national debt. It's pretty hilarious how we so easily forget the clear erosion of USD as a reserve currency. It's a long process but ahhh forget it.
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Trader#C0A8
Jan 14, 2015 9:38pm
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The Metals and coal story is not something that is NEW. So what you're saying is that the market is not efficient. It does not know that the prices of iron ore, coal, copper etc have dropped? Did you look that the prices of silver and gold have gone up recently? Perhaps if we look and see that many major powers are looking at devaluation it might make sense.

Can we continuously devalue a currency and have it march upwards? Such is the case in the US. Why not Japan also? There is a fundamental difference between Japan and the US. We can sell Alaska to the chinese for 18 trillion and balance our budget. Or we can use finance to lower everyone's standard of living on a gradual scale, like when you slowly heat the water that a frog sits in. It never realizes that he's cooked until it's too late. Kinda the same idea. So since we can't sell Alaska, we are going to do what Japan did for 20 years and just devalue currency in hopes that our people will wake up and create value. We just put teasers in there once in a while saying "We look to return to normal monetary policy." The problem is that we have built a house of cards and there is no way to return to normal policy. I wonder how long it will take for markets to realize that! Right now markets have priced in the US economy spinning like a top. It really is funny.
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Trader#5462
Jan 14, 2015 6:39pm
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load up AUS for long run
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Trader#5E73
Jan 14, 2015 7:23pm
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Maybe .8250 but traders have added $4bn to their short positions --largest since Feb 2014, so bull move will be short lived closing @ 0.79 1Q besides USD is still 2 strong.

aloha
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Trader#C0A8
Jan 14, 2015 7:44pm
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Short?? What fantasy basis is this? Fundamentally rebound to 85 not a hazard.
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Trader#C0A8
Jan 14, 2015 7:52pm
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Do you realize there is no reason to short AUD? This is just plain groupthink. Let big banks tell us what will happen next after they position themselves.
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