wrapper

AUD/USD Daily Forecast – 07 November

Monday, Nov 06 2017
AUD/USD Daily Forecast – 07 November

Yesterday, from Australia, ANZ Job Advertisements figures were released.  Australian job advertisements rebounded in October after a brief dip the previous month, suggesting the country's run of strong employment gains could last a while yet, a survey showed on Monday. A monthly survey by Australia and New Zealand Banking Group showed total job advertisements rose 1.4 percent in October, more than reversing a 0.7 percent drop in September. Ads of 169,577 were up a healthy 12.5 percent compared to last year and still near their highest since 2011.

"The bounce in ads in October is consistent with elevated business conditions and capacity utilisation," said ANZ's head of Australian economics, David Plank. "The slight slowing in the month-on-month trend growth since August supports our view that employment growth is likely to moderate a touch after this extraordinary period of strength," he said. Jobs growth has surged this year, according to the official measure of employment, nudging the jobless rate down to 5.5 percent.

 

Focus of tomorrow's session will be on RBA rate decision and the following statement though no change is anticipate. There will be no major data releases in the US part of the session.

 

Figures to watch:

 

Cash Rate/RBA Rate Statement (Tuesday 4:30)

More in this category: « EUR/USD Daily Forecast – 06 November GBP/USD Daily Forecast – 07 November »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.