8 Aug 2013
Australia employment next: Impact on AUD/USD
FXstreet.com (Barcelona) - As seen by Valeria Bednarik, Chief Analyst at FXstreet.com, "Australian employment figures had been far from a clear path lately, following the economic slowdown of the country, and market is expecting some light numbers, with unemployment rate increasing back to 5.8%."
Bednarik adds: ""Due the strong bearish trend in AUD, the slightlest number below expected should trigger a downward continuation in the currency, particularly against USD and JPY. Improved numbers won’t be enough to reverse the trend, buy may trigger some upward corrections that again will be seen just as selling opportunities."
Bednarik adds: ""Due the strong bearish trend in AUD, the slightlest number below expected should trigger a downward continuation in the currency, particularly against USD and JPY. Improved numbers won’t be enough to reverse the trend, buy may trigger some upward corrections that again will be seen just as selling opportunities."