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The Aussie was king of pips in today’s forex trading session, as traders cheered strong job numbers from Australia.

Meanwhile, the Greenback continued to lose pips after a not-so-impressive FOMC statement and a bit of profit-taking ahead of today’s central bank announcements.

  • AU MI inflation expectations retains 3.7% growth in December
  • U.K. RICS house price balance 0% as expected vs. 1% in November
  • AU unemployment rate remains at 5.4% in November
  • Australia’s employment change beats at 61.6K vs. 18.1K expected, 7.8K previous
  • Japan’s flash manufacturing PMI rises from 53.6 to 54.2 in December
  • China’s industrial production (y/y) up by 6.1% as expected vs. 6.2% growth in October
  • China’s retail sales (y/y) rises by 10.2% vs. 10.3% expected, 10.0% previous
  • China’s fixed asset investment (ytd/y) slips from 7.3% to 7.2% growth in November
  • Japan’s revised industrial production retains 0.5% growth
  • Major Events/Reports:

    Australia’s jobs report

    Earlier today we saw Australia’s unemployment rate remain at 5.4% for the month of November, which is in line with market consensus. However, labour force participation rate increased from 65.2% to 65.4% – the highest since October 2011 – while monthly hours worked also ticked 0.6% higher.

    What really made the Aussie pop was the fact that a net of 61,600 workers had found jobs for the month. This is waaay better than the 18,100 they expected AND last month’s revised addition of 7,800!

    Details tell us that 15,300 full-time positions were filled while 6,900 workers had found part-time jobs. For newbies out there, you should know that full-time work is preferable because it means steadier income and more confidence in spending moolah.

    Mixed equities and commodities trading

    The Asian bourses had a hard time making gains on a bit of uncertainty ahead of today’s monster reports and central bank statements.

    • Nikkei is down by 0.16% to 22,722.00;
    • Australia’s A SX 200 is steady at 6,021.70;
    • Hang Seng is down by 0.06% to 29,206.00, and
    • China’s A50 is down by 0.30% to 13,136.94.

    Commodity prices, on the other hand, shot up on the back of overall dollar weakness.

    • Gold is up by 0.98% to $1,260.80;
    • Silver is up by 1.61% to $16.125;
    • Brent crude oil is up by 0.62% to $62.83, and
    • U.S. crude oil is up by 0.30% to $56.77.

    Major Market Mover(s):

    AUD

    Aussie bulls cheered Australia’s latest set of jobs numbers as they pushed the comdoll higher across the board without much resistance from the bears.

    AUD/USD is up by 31 pips (+0.41%) to .7668;
    AUD/JPY is up by 33 pips (+0.38%) to 86.25;
    EUR/AUD is down by 55 pips (-0.36%) to 1.5432, and
    AUD/NZD is up by 80 pips (+0.74%) to 1.0951.

    Watch Out For:

    • 7:45 am GMT: France’s final CPI (0.1% expected and previous)
    • 8:00 am GMT: France’s flash manufacturing PMI (57.2 expected, 57.7 previous)
    • 8:00 am GMT: France’s flash services PMI (59.8 expected, 60.4 previous)
    • 8:15 am GMT: Switzerland’s PPI (0.3% expected, 0.5% previous)
    • 8:30 am GMT: SNB’s monetary policy statement and assessment
    • 8:30 am GMT: Germany’s flash manufacturing PMI (62.1 expected, 62.5 previous)
    • 8:30 am GMT: Germany’s flash services PMI (54.6 expected, 54.3 previous)
    • 9:00 am GMT: SNB’s press conference
    • 9:00 am GMT: Euro Zone’s flash manufacturing PMI (59.8 expected, 60.1 previous)
    • 9:00 am GMT: Euro Zone’s flash services PMI (56.0 expected, 56.2 previous)
    • 9:30 am GMT: U.K.’s retail sales report (0.4% expected, 0.3% previous)