The AUD Employment Change Report is a key data



The AUD Employment Change Report is a key data



The Australian dollar is higher on the back of US dollar weakness and strong economic data out of China. Due on Wednesday

THE Australian market looks set to open lower following slides on international markets after a US Federal Reserve official said there could be a small cut in its stimulus program next week.

St Louis Fed President James Bullard said "a small taper" of the bank's $US85 billion-a-month bond-buying scheme could be on the cards at the central bank's December 17-18 policy meeting.
Australian Employment Change release today will be crucial for AUD as market is getting ready to close out the year with a bounce.   So if the news comes with strong surprise today, we expect market to react accordingly. Also the Job creation is an important indicator of consumer spending.
Today at 7:30pm (NY Time) AU Employment Change Forecast 10.0K Previous 1.1K

*Employment Change
Australian Employment Change, which is released monthly, provides signals about the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Also the data release could affect the  AUD/USD.  
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar.

*Unemployment Rate
One other important news to pay attention to is the Unemployment Rate, which is expected to rise to 5.8%, from the previous reading of 5.6%,

A higher than expected reading should be taken as negative/bearish for the AUD, while a lower than expected reading should be taken as positive/bullish for the AUD.

So we recommend the traders of the Aussie to monitor cautiously the economic data releases for today.


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