AUDUSD Intra-Day Fundamentals - Australia Employment Change and 72 pips price movement

AUDUSD Intra-Day Fundamentals - Australia Employment Change and 72 pips price movement

12 February 2015, 05:49
Sergey Golubev
1
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2015-02-12 00:30 GMT (or 02:30 MQ MT5 time) | [AUD - Employment Change]

if actual > forecast (or previous data) = good for currency (for AUD in our case)

[AUD - Employment Change] = Change in the number of employed people during the previous month. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

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JANUARY KEY POINTS




TREND ESTIMATES (MONTHLY CHANGE)

  • Employment increased to 11,666,000.
  • Unemployment increased to 782,300.
  • Unemployment rate remained steady at 6.3% from a revised December 2014 estimate.
  • Participation rate remained steady at 64.7%.
  • Aggregate monthly hours worked increased 0.7 million hours to 1,604.4 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)
  • Employment decreased 12,200 to 11,668,700. Full-time employment decreased 28,100 to 8,078,000 and part-time employment increased 15,900 to 3,590,700.
  • Unemployment increased 34,500 to 795,200. The number of unemployed persons looking for full-time work increased 200 to 551,800 and the number of unemployed persons only looking for part-time work increased 34,300 to 243,400.
  • Unemployment rate increased 0.3 pts to 6.4%.
  • Participation rate remained steady at 64.8%.
  • Aggregate monthly hours worked increased 8.2 million hours (0.5%) to 1 ,607.6 million hours.

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AUDUSD M5: 72 pips price movement by AUD - Employment Change news event :




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