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With China printing a bunch of top-tier reports and Australia printing its labor market numbers, the Aussie has plenty of opportunities to recoup last week’s losses.

Check out the market themes you need to watch out for if you’re trading the comdoll in the next few days:

Labor market data (June 18, 1:30 am GMT)

  • The economy lost a net 594,300 jobs in April, worse than the 575,000 decrease that markets had expected
  • Unemployment rate jumped from 5.2% to 6.2% while participation rate fell to a 15-year low of 63.5%
  • AUD fell to its intraweek low at the news but eventually found support on reopening-related optimism
  • Traders see another 75,000 net jobs decrease in May
  • Unemployment rate could pop higher to 6.7%
  • Participation rate could improve to 67% for the month

Lower-tier reports

  • RBA’s meeting minutes (June 16, 2:00 am GMT) can give more clues on the central bankers’ short-term policy biases
  • Retail sales (June 19, 1:30 am GMT) saw a 17.7% drop in April

China’s data dump (June 15, 2:00 am GMT)

  • Fixed asset investment could see another 6.0% drop after a 10.3% plunge in April
  • Industrial production seen at 5.0% from April’s 3.9% growth
  • Retail sales could ease from -7.5% to -2.5% in May
  • Unemployment rate expected to print at 5.9% from April’s 6.0% reading

Overall risk sentiment

  • Updates on global COVID-19 cases and the possibility of re-imposing strict lockdown measures will continue to affect overall risk appetite
  • Brexit-related uncertainty can keep London session traders from taking on high-yielding risks
  • The European Council meeting is expected to discuss the recovery fund plan to help the region’s hardest-hit economies
  • Policy decisions by the BOJ, SNB, and BOE, as well as testimonies by Fed’s Powell throughout the week can affect risk taking in the markets

Technical snapshot

  • Stochastic is flagging the Aussie’s “oversold” conditions against the Kiwi
  • AUD may soon be “overbought” against the Loonie
AUD Forex Pairs Stochastic from MarketMilk
AUD Forex Pairs Stochastic from MarketMilk
  • The Aussie is on long-term bullish trends against most of its counterparts
  • Watch out for signs of weakening bullish trend on AUD/NZD
  • AUD/CHF is “bearish but weakening” based on the 50 and 200 daily SMAs
AUD Forex Pairs SMAs from MarketMilk
AUD Forex Pairs SMAs from MarketMilk
  • The Aussie saw the most volatility against the safe havens and the euro in the last seven days
AUD Forex Pairs Volatility from MarketMilk
AUD Forex Pairs Volatility from MarketMilk

Missed last week’s price action? Read AUD’s price recap for June 8 – 12!