Current Market Sentiment | Australian Jobs Figures

There is no trade call for the session. Ahead the European calendar is light aside from employment data from Switzerland. Familiarize with the latest market changes by reading through my analysis of the current market sentiment below.

Current Market Sentiment:

Producer Price Index from New Zealand came in -1.2% for inputs and -0.8% for outputs during the early Asian session. Alongside the earlier lower inflation expectations, the decline in PPI signals more downward pressure on prices.

Australian jobs figures missed estimates at -7,900 jobs lost and unemployment ticking up to 6.0%. The Aussie dipped 40 pips immediately upon release before retracing the move throughout the rest of the Asian session. Provided WTI doesn’t rally further, the Aussie may remain pressured for the session.

Chinese CPI missed at 1.8% y/y versus 1.9% expected. PPI slightly beat estimates at -5.3% y/y. Markets were unaffected by the relatively in-line readings.

To get daily market insights from Jarratt Davis delivered to your inbox simply enter your name and email below:

The post Current Market Sentiment | Australian Jobs Figures appeared first on Jarratt Davis.

Source:: Current Market Sentiment | Australian Jobs Figures

About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

Related Posts

Leave a Reply