The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
How will the jobs data affect the AUD?
The Australian jobs data is announced on Thursday at 03:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, AUD/CAD
The Australian jobs data is as important for the AUD as the NFP is to the USD. Employment in Australia has been rising since late spring. In May, the rate was 58.2 – that was the rock bottom of the virus crisis. Then, it gradually started to rise to eventually come to the current 60.3 in August. That means, the economic recovery is taking place in Australia, and the labor market is responding to that. So as long as the figures are above the expectation, the AUD will rise. Otherwise, it may lose the optimistic vibe. We will see what we have for September.
- If the figures are better than the forecast, it will boost the AUD.
- If the figures are worse than thought, the AUD will go down.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 15:45 MT time.
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!