Australia enjoyed another month of big job gains: 37.4K in April. This is way above expectations for a modest rise of 5K and more in line with the previous positive surprise: 60.9K back in March. The unemployment rate played along with a fall from 5.9% to 5.7%. It was projected to remain unchanged. The details are not that great: 11.6K full-time jobs were lost while 49K were gained. However, the leap in the number of jobs is still great. The trend is upbeat and participation is up. Earlier, the Melbourne Institute’s Inflation Expectations gauge came out at 4%, similar to the 4.1% seen last time. AUD/USD extends its recovery The good news sent AUD/USD above resistance at 0.7440. The pair reached a high of 0.7467. The next level to watch is 0.75. Aussie/USD had already stabilized and risen from the bottom, holding above support at 0.7375. The Comey memo hurt the dollar across the board. While commodity currencies did not rise as fast the euro and the yen, this was helpful also for them. 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 EUR/USD: 5 Reasons To Stay Bullish; Where To Target? – Yohay Elam 6 years Australia enjoyed another month of big job gains: 37.4K in April. This is way above expectations for a modest rise of 5K and more in line with the previous positive surprise: 60.9K back in March. The unemployment rate played along with a fall from 5.9% to 5.7%. It was projected to remain unchanged. The details are not that great: 11.6K full-time jobs were lost while 49K were gained. However, the leap in the number of jobs is still great. The trend is upbeat and participation is up. Earlier, the Melbourne Institute's Inflation Expectations gauge came out at 4%, similar to… 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.
