In this report, we will analyze the outlook of this week changing factors and their Impact in market.
July 19, Thursday.
AUD Employment change.
The Australian bureau of statistics yet to release their employment change report for June which is enough to bring some attraction to the market.
Why traders care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
By this facts, this report can create volatility and be misleading if a deviation in Employment Change results from part-time employment. For the ideal trade, any deviation in Employment Change should result from Full Time Employment.
Is it really important?
Yes, Of course, the Unemployment Rate is equally as important and market moving. Therefore, after completely analysing Employment Change, analyze and compare the Unemployment Rate.
Once again, the ideal opportunity will see Employment Change and the Unemployment Rate support one another. For example, both are positive, or both are negative.
If the data mixes, either employment and full time employment or employment change and the unemployment rate, any trade will be of a lower sentence.