The Australian Employment Change release should provide an opportunity to trade the Aussie especially if we were to get our tradable figures. With the overall liquidity running thin, I would only recommend a trade if we get our tradable releases, or it’s probably best to stay out of the market.
7:30 pm (NY Time) AU Employment Change Forecast 19.2K Previous 3.7K
The Trade Plan
We´ll look to trade this using after news retracement trading method, we´ll wait for the market to retrace and stay out of the market during the release time. If we get a +44.2 of release, our bias will be to BUY AUD against other currencies; if we get a -5.8K of release, our bias will be to SELL AUD against stronger currencies. We´ll only enter after we see a decent retracement from the initial spike and if we get those release numbers…
For more information on my trading methods: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: AUDUSD.
AU Employment Change | December 13, 2017 | Currency Analysis
December 10, 2017 by Leave a Comment