Australian employment data for Feb 2018 on 22.03.2018

  • Prior Employment change +16K, revised to 12.5K
  • Unemployment rate 5.6% vs 5.5% exp, vs prior 5.5%
  • Participation rate 65.7% vs 65.6% exp, prior 65.6
  • Fulltime employment 64.9K vs prior -49.8K, revised to -53.2K
  • Part-time employment -47.4K vs prior 65.9K

A tad worse than expected on the headlines but the rotation from part- into fulltime jobs and participation rate makes up for the miss.
AUDUSD already up earlier on social media (fake then) calls for a rise of 65K jobs …

K-man

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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