Australian employment data is due out on 13 August at 01:30 GMT. The country is expected to have recovered just 40K job positions in July. Disappointing figures are mostly priced in, therefore, the aussie could rise on an upbeat reading, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “Australia is anticipated to have recovered just 40K job positions in July, way below the 210.8K added in June. The unemployment rate is expected to have ticked higher to 7.8% from 7.4% in the previous month, while the participation rate is seen rising from 64% to 64.4%.” “An upbeat reading could boost AUD/USD momentum, moreover considering the market is waiting for a poor outcome. Should the dollar head into the release with a strong note and Australian figures result worse than anticipated, then chances are of a steeper decline. The level to watch to the downside is 0.7070, as a break below it would signal a bearish continuation. To the upside, the level to surpass is 0.7200.” 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 US: EIA Crude Oil Stocks Change at -4.5 million in week ending August 7 FX Street 2 years Australian employment data is due out on 13 August at 01:30 GMT. The country is expected to have recovered just 40K job positions in July. Disappointing figures are mostly priced in, therefore, the aussie could rise on an upbeat reading, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “Australia is anticipated to have recovered just 40K job positions in July, way below the 210.8K added in June. The unemployment rate is expected to have ticked higher to 7.8% from 7.4% in the previous month, while the participation rate is seen rising from 64% to 64.4%.” “An upbeat reading could boost… 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.
