Australia Jobs Data in Focus
It’s time for monthly jobs data in Australia, and with the RBA’s relentless pursuit of higher wage growth the labour data will as always be an important one to keep on the radar.
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We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://financialsource.co
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The current drivers for the Aussie Dollar remains plentiful but mixed, with positives and negatives creating a bit of a tug and pull. China’s slowdown has been a negative input, but a lot of those negatives are in the price and some recent data has been showing some signs of life.
The RBA has stuck to their dovish language at their most recent meeting but abandoning YCC as well as their date-based guidance opens the door for faster normalization, even though the bank does not want to admit it.
Iron Ore and Coal prices remain a key focus point for the currency, with both falling at the same time a concern for terms of trade, however with China’s energy concerns easing up and data starting to look less bleak, there are important caveats to keep in mind for both of these.
As always, we have more on this and how we look to potentially take advantage of it in our week ahead video.
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If you find these weekly analysis and trade ideas useful, you’ll love Financial Source. There’s a link below where you can learn more about it.
https://financialsource.co
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We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://financialsource.co
-----
The current drivers for the Aussie Dollar remains plentiful but mixed, with positives and negatives creating a bit of a tug and pull. China’s slowdown has been a negative input, but a lot of those negatives are in the price and some recent data has been showing some signs of life.
The RBA has stuck to their dovish language at their most recent meeting but abandoning YCC as well as their date-based guidance opens the door for faster normalization, even though the bank does not want to admit it.
Iron Ore and Coal prices remain a key focus point for the currency, with both falling at the same time a concern for terms of trade, however with China’s energy concerns easing up and data starting to look less bleak, there are important caveats to keep in mind for both of these.
As always, we have more on this and how we look to potentially take advantage of it in our week ahead video.
-----
If you find these weekly analysis and trade ideas useful, you’ll love Financial Source. There’s a link below where you can learn more about it.
https://financialsource.co
