This week’s Aussie employment data will be an important event especially due to the other recent data we’ve seen for Australia.
The RBA has recently noted that they’ve seen a ‘gentle turning point’ in the Australian economy.
However, the most recent data points for growth, confidence, retails sales and consumption does not corroborate this view.
The October jobs report saw the biggest fall in job growth in three years.
This week the markets will be curious to see whether that big miss was a one-off or whether it’s the start of a possible downtrend in employment.
Due the market’s current rate expectations we could see a big move in the AUD whether we see a surprise beat or miss in the jobs report.
This week ahead video will help you prepare for this upcoming event and provide insights into how you could possibly trade it as well.
Highlights of the video:
00:58 – Baseline context for the AUD
03:23 – Baseline expectations for the upcoming risk event
04:42 – Possible sentiment shifts
06:36 – Possible currency pairs to consider