Australia Employment Changes m/m 10/07/09

Newsletter

Zero spam.

8:30pm (NY Time) AU Employment Changes Forecast -9.7 Previous -21.1K
ACTION: AUD/USD BUY +15K SELL -33K

DEFINITION

3rd Party Advertisement

“Measures the change in number of employed people during the previous month. A rising trend has a positive effect on the nation´s currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP.”

Update:

The trade was based on retracement trade and based on the market context we were able to make a little profit on this AUD Employeement changes.

About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.

Speak Your Mind

*

Newsletter

Zero spam.