According to analysts at TD Securities, there is nothing in the Australia’s September Employment report that serves as a trigger for the RBA to cut the cash rate next month. Key Quotes “Even though the headline print of +14.7k was close enough to the market’s +15k f/c, the internals were more positive – full time jobs rose +26.2k, more than offsetting the prior month’s drop and the unemployment rate dipped from 5.3% to 5.2% (thanks to a drop in the participation rate from 66.2% to 66.1%).” “More importantly the underemployment rate dropped from 8.5% to 8.3% in turn driving the underutilisation rate from 13.8% to 13.5% implying less spare capacity. The RBA can breathe a sigh of relief that a near term rate cut is off the agenda but the broader trend remains for spare capacity to edge higher.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY corrects from multi-month lows, back below 139.00 handle FX Street 4 years According to analysts at TD Securities, there is nothing in the Australia's September Employment report that serves as a trigger for the RBA to cut the cash rate next month. Key Quotes "Even though the headline print of +14.7k was close enough to the market's +15k f/c, the internals were more positive - full time jobs rose +26.2k, more than offsetting the prior month's drop and the unemployment rate dipped from 5.3% to 5.2% (thanks to a drop in the participation rate from 66.2% to 66.1%)." "More importantly the underemployment rate dropped from 8.5% to 8.3% in turn driving the… 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.
