Australia shed 4.8K jobs in the month of May, short of expectations for a gain of 10K. In addition, this came on top of a downwards revision from 14.2K to 10.3K in April. And while the unemployment rate remained at 5.8%, this is merely the result of a tick down in the participation rate from 64.7% to 64.6%. Nevertheless, the Australian dollar seems to be well bid towards the world cup: AUD/USD initially dipped below 0.9350 but recovered within seconds. At the time of writing, the pair is advancing towards 0.94 once again, trading at 0.9387. The genuinely positive figure in the report comes form full time employment, which rose by 22.2K. So, the job losses come from the drop in part time employment: -27K. The central bank in Australia would like to see a weaker Aussie, but given the higher yield that the currency offers and a perfect 9As credit rating, yield hungry investors might flock into Australia. We have seen how the expected rate hike in New Zealand boosted the kiwi. What happened to “buy the rumor, sell the fact”? Here is how the AUD/USD looks like: The 0.94 level works as resistance, followed by 0.9480. For more levels, see the AUSDUD prediction. 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 Watching the screen Guest 8 years Australia shed 4.8K jobs in the month of May, short of expectations for a gain of 10K. In addition, this came on top of a downwards revision from 14.2K to 10.3K in April. And while the unemployment rate remained at 5.8%, this is merely the result of a tick down in the participation rate from 64.7% to 64.6%. Nevertheless, the Australian dollar seems to be well bid towards the world cup: AUD/USD initially dipped below 0.9350 but recovered within seconds. At the time of writing, the pair is advancing towards 0.94 once again, trading at 0.9387. The genuinely positive figure… 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.