Australian Unemployment rate 0.1% lower and AUD rallies some 30 pips
Thursday, 17 October 2019 08:00 WIB | ECONOMY |Ekonomi AustraliaUnemploymentECONOMIC

Markets are looking for the Reserve Bank of Australia to cut again, potentially as soon  as next month, so today's  labour force survey for September will be very closely watched (Markets are pricing 10bp of easing at the 5 Nov RBA meeting, and a terminal rate of 0.44% (RBA cash rate currently at 0.75%).

Australia Sept Employment +14.7k (Reuters poll: +15.0k) - A miss.

Australia Sept Unemployment rate +5.2 pct, (Reuters poll: +5.3/prior 5.2%) and bullish.

Australia Sept Full-Time employment +26.2k  vs prior 15.5k, bullish.

Australia Sept Participation rate +66.1 pct, (Reuters poll: +66.2 pct) and bullish.

What was key in this report was the unemployment rate. The fact that the participation rate holds near to a record high 66.2%, the unemployment rate stays near the 5.3% (a 12 month high). However, it was a touch lower in September and AUD/USD has moved higher on the data.

The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).

Source : FXstreet

RELATED NEWS

U.S. Business Gauge Posts First Contraction Since 2013 on Virus
Friday, 21 February 2020 21:54 WIB

U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders, a warning sign that the outbreak is starting to dent the world™s largest economy. The IHS Markit purchasing managers™ index measuring&n...

U.K. Economy Is Picking Up Despite Coronavirus Concerns
Friday, 21 February 2020 16:42 WIB

The U.K. economy continued a run of better-than-expected growth in February, more evidence of a rebound after fourth-quarter stagnation. While the expansion continued apace, there were also signs of a hit to supply chains from coronavirus, according to IHS Markit's flash purchasing managers index. ...

German Economy Faces Coronavirus Hit as Export Orders Sink
Friday, 21 February 2020 15:45 WIB

Germany's economy is facing renewed pressure from beyond its borders as export orders plunge and manufacturers worry about the impact of the coronavirus outbreak on their supply chains. The latest purchasing managers index from IHS Markit shows industry still in a contraction, and expectations for ...

French Economy Relies on Services as Factory Output Shrinks Anew
Friday, 21 February 2020 15:29 WIB

France increased its dependence on the service sector for economic growth this month, as factories grappled with issues including the coronavirus outbreak and the discontinuation of Boeing's 737 Max airplane. While a Purchasing Managers Index from IHS Markit showed an unexpected pickup in overall m...

UK Retail Sales Rebound In January After Weak End To 2019
Thursday, 20 February 2020 16:55 WIB

British shoppers started spending again at the start of this year after a very sluggish end to 2019, adding to signs that improved sentiment since December's election is translating into stronger economic activity. Retail sales volumes rose 0.9% on the month in January on a seasonally adjusted basi...

ANOTHER NEWS
Hong Kong Stocks Close Lower on Virus Worries (Review)
Saturday, 22 February 2020 04:19 WIB Hong Kong stocks closed sharply lower Friday as the rising toll from the deadly coronavirus outside China fanned fears the epidemic's impact on earnings and economic growth could be worse than anticipated. The Hang Seng Index fell 1.1 percent, or...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.