So, here is my personal scoop for today's employment data coming out for the Australian economy:
See my earlier analysis on the Aussie a few weeks or months back. The picture is the same.
It is forecasted to come out good by economists; AND on top of that, my personal predictive analysis is also a positive reading for the Australian dollar . This should not be as hard as reading UK's data. I think the Australia is not as affected by UK data as much as the GBP, EUR and the US data ebbing and flowing and mixing around (spinning our heads).
I have entered a position ahead of the economic data release, and I expect BETTER THAN expected news.
If not, people will probably bail out in fear, even if it just meets the bare minimum of economist expectations. I need really good news. If not, then I will rely just on the technical picture in the chart as a guide.
august 17, 2016L 9:30pm EST
Actual: 26.2K | -consensus: 10.2K | Previous: 7.9K
Actual: 5.7% | consensus: 5.8% | Previous: 5.8%