Australia gained jobs once again: 14K in June, in line with expectations for around 15K. The previous figure was revised down from 42K to 38K. The unemployment rate stood at 5.6% as expected. What kind of jobs were gained? Here there is better news: 62K gains of full-time jobs mitigated a drop of no less than 48K. The participation rate also beat expectations by reaching 65% from 64/9% last time. The news saw some nervous trading, sending AUD/USD to 0.7987, just 13 pips short of the round number of 0.80. After the knee-jerk reaction, the pair is trading back to the previous range at 0.7940 at the time of writing. They are expected to AUD/USD remains on the high ground after breaking above 0.7835, a tough line. The hawkish meeting minutes by the RBA drove the pair higher. The Australian Prime Minister Malcolm Turnbull told radio listeners that interest rates will likely go up than go down, echoing the hawkish tone of the RBA. The NAB Business Confidence measure for Q2 advanced from 6 to 7 points, also supporting a stronger Australian dollar. More: AUD: Valuation Getting Stretched; What’s Next? – NAB 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 Trading the ECB with EUR/USD – 3 opinions Yohay Elam 6 years Australia gained jobs once again: 14K in June, in line with expectations for around 15K. The previous figure was revised down from 42K to 38K. The unemployment rate stood at 5.6% as expected. What kind of jobs were gained? Here there is better news: 62K gains of full-time jobs mitigated a drop of no less than 48K. The participation rate also beat expectations by reaching 65% from 64/9% last time. The news saw some nervous trading, sending AUD/USD to 0.7987, just 13 pips short of the round number of 0.80. After the knee-jerk reaction, the pair is trading back 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.
