Australia Employment Change Gains On The Month

Australia Employment Change Actual 1.2K, Expected -19.1K, Previous -1.2K

Release Explanation: This report tracks the number of employed in Australia. The figure appears in the monthly Labor Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases.

Trade Desk Thoughts: Employment in Australia increased by 1.2K for January which is above expectations of 19.1K decrease. Full time employment increased by 33.7K to 7,670K while part time employment decreased by 32.6K to 3,071K.

Forex Technical Reaction: The aussie had quite a jump from the employment related releases, breezing past the neutral pivot point which had held the pair lower since just past the new trading day start.

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