The Australian economy is looking good – the jobs report was far better than expected, sending the Aussie higher, above resistance. Update for this strong currency. Australian employment change rose by 54,600, much higher than 21,3000 that was initially expected. Also last month’s number was revised to a better figure – 36,900 instead of 29,700 jobs gained. Such a big surprise, 2.5 better than predicted, sent the Aussie from around 0.98 to 0.9880, across the 0.9850 line. The next line of resistance is at 0.9915, followed by parity. Below, 0.9725 provides support, followed by 0.9660. For more technical levels and analysis, see the AUD/USD foreacst. The unemployment rate dropped from last month’s 5.4% high back down to 5.2%, exactly as expected. The Australian job market showed great strength, once again. The Chinese trade balance figure, that was planned for now, was delayed to Friday. Chinese inflation figures will be released on Saturday. There are still rumors of a Chinese rate hike, but Australia will receive such possible news when the Aussie is already stronger, enjoying good numbers. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Bank of Ireland Haircut Yohay Elam 12 years The Australian economy is looking good - the jobs report was far better than expected, sending the Aussie higher, above resistance. Update for this strong currency. Australian employment change rose by 54,600, much higher than 21,3000 that was initially expected. Also last month's number was revised to a better figure - 36,900 instead of 29,700 jobs gained. Such a big surprise, 2.5 better than predicted, sent the Aussie from around 0.98 to 0.9880, across the 0.9850 line. The next line of resistance is at 0.9915, followed by parity. Below, 0.9725 provides support, followed by 0.9660. For more technical levels and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
