Aussie Indicators tonight | Forex Factory

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Aussie Indicators tonight

  • #1
  • First Post: Aug 9, 2006 1:24pm Aug 9, 2006 1:24pm
There are two indicators that will be announced by Australia tonight at 9:30pm Eastern:

  1. Employment Change
  2. Unemployment Rate

Is there anybody out there that has had the chance to trade based on these indicators so far? Could you share your experience with us? Should we expect a great move on AUDUSD?

Thanks in advance,
Al

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  • #2
  • Aug 9, 2006 4:44pm Aug 9, 2006 4:44pm
No comments on this?
  • #3
  • Aug 9, 2006 5:46pm Aug 9, 2006 5:46pm
Just one more attempt from my side to bring this up. Any thoughts on this?
  • #4
  • Aug 9, 2006 6:01pm Aug 9, 2006 6:01pm
The forecast here at forexfactory is a low 11K new jobs. If this is indeed what we will see in 30 minutes, then expect the AUDUSD to short.

I dont know if it will be a significant fall. But I am going to trade this one also with a small lot.

Lets hope the number is very bad to produce a large wave.
  • #5
  • Aug 9, 2006 6:09pm Aug 9, 2006 6:09pm
Something to ponder:
Quote
PREVIEW 1: AUSSIE EMPLOYMENT CHANGE; SEEK, AN ONLINE JOB SITE THAT CORRECTLY PREDICTED LAST MONTH'S BLOWOUT FIGURE, SAYS JOB ADVERTISEMENTS DROPPED FOR THE FIRST TIME SINCE FEB 2005 (DATA DUE 21:30 EST)
- A monthly employment survey compiled by SEEK found that the number of new job advertisements posted on its website in July fell by 1.1%, seasonally adjusted, the first negative result since February 2005. As a result, the SEEK Employment Index (a measure of labour market supply versus demand) dropped 4.5 points to 99 in July, following a slight rise of 0.7 points in June.
- Note that the SEEK survey showed New South Wales experienced a 5.2% drop in new ads last month, while ads jumped 9.3% in Western Australia.
- Reminder: On 7/12 SEEK said its index of new job ads rose a seasonally adjusted 3.1% in June, up 35% on a year earlier. The number correctly predicted the blowout jobs figure we saw on that day (Reminder: 7/12 AU Jun Employment Change: 52K v 10Ke; The Aussie gained significant strength on the release)
**Note: On average SEEK has over 80,000 job vacancies listed at any one time and the site reach is more than 60% of the online job seeker market in Australia.
  • #6
  • Aug 9, 2006 6:13pm Aug 9, 2006 6:13pm
BurgerKing that trade the news u using there?

Yeah I"m gonna trade it too, i'll post my results after the trade. I wish us all well!!!
  • #7
  • Aug 9, 2006 6:18pm Aug 9, 2006 6:18pm
Indeed, I am trying out tradethenews.
If this news delivers - i'd subscribe
  • #8
  • Aug 9, 2006 6:24pm Aug 9, 2006 6:24pm
It does ok, but I would not expect to get in before the spike. I hear they just read the news from the other faster news services. I dont know if this is true though. I have used them for about a month now, and they are good, but not as fast as others.
  • #9
  • Aug 9, 2006 6:28pm Aug 9, 2006 6:28pm
Will you put entry orders or place market orders upon news release?
  • #10
  • Aug 9, 2006 6:33pm Aug 9, 2006 6:33pm
Well that did not go well. I went short at about .7658. The number came out much better than expected and I got stopped out at .7674. About -16 pips

How did you guys fair???
  • #11
  • Aug 9, 2006 6:37pm Aug 9, 2006 6:37pm
20pip profit i opened two entry orders one for short one for long and the long trade opened and that was that.
Quoting Crestwind
Well that did not go well. I went short at about .7658. The number came out much better than expected and I got stopped out at .7674. About -16 pips

How did you guys fair???
MIR
  • #12
  • Aug 9, 2006 6:38pm Aug 9, 2006 6:38pm
I had entry orders +20 from the pre release price.
It entered long at 85 and was pissing on my pants at it float 80s... good thing the unemployment number saved me and it went up to 90s for a 5 pip win.

I dont have fast hand eye coordination- thus I could not place market orders in the direction of the news release. Hmm... perhaps I should practice this..
  • #13
  • Aug 9, 2006 6:41pm Aug 9, 2006 6:41pm
looked like a good straddle move. still might be a long in this at 7685, those were some really strong numbers...
Relax and be happy.
  • #14
  • Aug 9, 2006 6:48pm Aug 9, 2006 6:48pm
1 tenth of 1% for the rate, I didnt think was all that strong.I guess maybe for au it was good..What was the emploment change?



Quoting merlin
looked like a good straddle move. still might be a long in this at 7685, those were some really strong numbers...
  • #15
  • Aug 9, 2006 6:50pm Aug 9, 2006 6:50pm
Quoting mniemiec
20pip profit i opened two entry orders one for short one for long and the long trade opened and that was that.
How far are your entry prices from the pre-release price? getting 20 pip profit suggests to me that you have the orders at +5 pips away? that scares me!
  • #16
  • Aug 9, 2006 7:19pm Aug 9, 2006 7:19pm
I normally trade the AUD news items but I missed this one, as the phone rang a couple of minites before. I am trading short at 1.7684 to trade back down, as it appears to me that price is reaching a resistence level. Have my stops above 0.7700

Ray
  • #17
  • Aug 9, 2006 7:29pm Aug 9, 2006 7:29pm
It could not pull away from 0.7700..

If you looked at the hourly chart, it has been oscillating between 0.76 and 0.7660...

I think it is time for aud to go down again... as it is it could not break 0.77
  • #18
  • Aug 9, 2006 7:45pm Aug 9, 2006 7:45pm
Quoting mniemiec
20pip profit i opened two entry orders one for short one for long and the long trade opened and that was that.

What broker are you using?
  • #19
  • Aug 9, 2006 7:46pm Aug 9, 2006 7:46pm
Quoting BurgerKing
How far are your entry prices from the pre-release price? getting 20 pip profit suggests to me that you have the orders at +5 pips away? that scares me!
I wasn't monitoring this deal, not in my discipline but if the pre-announcement prices weren't fluctuaing widely, why not something less than 20 pips away from market, entered as late as possible?
  • #20
  • Aug 9, 2006 10:52pm Aug 9, 2006 10:52pm
Quoting MoneyMa$ter
I wasn't monitoring this deal, not in my discipline but if the pre-announcement prices weren't fluctuaing widely, why not something less than 20 pips away from market, entered as late as possible?
Ahhh, and that is the beauty of an entry order straddle.......if he sets them close to the price due to lack of pre-news volatility, gains seem "in the bag" in retrospect, however, if the release "lacks punch" and jogs up and down or vice-versa perhaps both are entered for an unpredictable ride???? For an unseasoned "newsie" (that is my new definition for news traders by the way....please feel free to use it?!) like me, with an uncertain volatility guarantee (unlike NFP of late), I think a 15 or 20 pip entry on both sides just b/4 release is perfect b/c if no volatility is created immediately, you can chicken out and cancel both orders right away, or like tonite, I see potential (in retrospect.....didn't play) for a net Long of 15-20 pips.......let's face it, you didn't think you'd score 100 pips on an AUD release, did ya?????
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