Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 25 April 12:14 (GMT -05:00)



Foreign exchange market

Forex. AUDUSD: U.S. Dollar Feels Pressure From Aussie Amid Australian Labor Market Report


 

According to the latest official report on the Australian labor market, the rate of unemployment in Australia decreased last month. At the same time, the report says that the Australian labor market showed some other improvements over the reporting period, Market Leader reports.

 

 

 

In particular, the official rate of unemployment in Australia declined from 6,3% in July down to 6.2% in August. The actual figures completely matched the predictions.
 
As the rate of unemployment goes down, the amount of employed Australians keeps growing. As of August, the amount of the employed in Australia grew by 17 400 people, which is way above the forecast expecting an 8000 increase.  
 
At the same time, the amount of part-time jobs increased by 5 900 vacancies in August. The amount of full-time jobs increased by 11 500 vacancies over the same reporting period, which happens to be slightly below those 13 100 seen in July.
 
Apparently, lower unemployment and higher employment coupled with a bigger amount of jobs hint us at some positive changes in the overall dynamics seen in the Australian labor market over the last few years. All in all, these changes favor consumption spending and economic growth while exerting positive effect on the national currency – the Australian Dollar, Masterforex-V Academy reports.
 
By the way, Masterforex-V Academy experts say that while the mentioned changes favor the national currency of Australia, AUDUSD is forming wave A/B of level H8 or higher. This wave is a part of a big-scale rally of the Aussie against its American counterpart.
 
Specifically, the currency pair is currently developing wave b(C ) within the scope of the rally. A break above the 0.7098 high is going to give way to further high, thereby extending the rally. If this is the case, the price is probably going to encounter resistance around such levels as 0.7130/34, 0.7157/67 and well as MF pivot 0.7248 and the top of the descending MF sloping channel. Alternatively, the current bullish momentum is going to be suspended as long as the price breaks below MF pivot 0.6944 and the bottom of the ascending MF sloping channel.
 

 

050b24fda666.jpg

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Masterforex-V Expo Names Best Binary Options Brokers in April 2017

Binary options are relatively young but they have won the hearts and minds of millions of traders around the globe. They are an excellent alternative to conventional Forex trading. With binary options, you can still trade your favorite currency pairs. However, now you can do it the easy way but you don’t have to maintain the trade each time you open it and your trading results don’t always have to rely on the amount of pips the price have changed by.

Publication date: 20 April 07:08 AM

Masterforex-V Expo Names Best Client Support in April 2017

For any retail FX trader out there, getting timely and comprehensive support from the broker is essential. It doesn’t matter, whether you are a rookie getting your feet wet in trading or an advanced trader knowing the ins and outs of successful trading, you still may have some issues at times and that’s where responsive support comes in.

 

 
Publication date: 19 April 11:40 PM

Alpari Is Looking for Women of the 21st Century

International financial brand Alpari keeps on making millions of clients happy. This is not only about improving the quality of trading and investing conditions and providing the client with unique technologies and high-quality financial products.

 

 
Publication date: 18 April 02:19 AM

Euro: Greece Still Cannot Do Without External Financial Support

The other day, Managing Director of the IMF Christine Lagarde made a report in Brussels. The key issues she touched upon included the prospects of the global economy and related things.

To be more specific, she says that the overall prospects of the global economic growth have improved but the uncertainty related to politics is still carrying some risk for the growth.

 

Publication date: 17 April 06:27 AM

“Zero to Hero” by EverFX. Zero Commissions and Spreads for FX Traders

The problem of cutting expenses when trading Forex has been one of the most burning problems for retail traders for years. Even though some brokers cut their spreads and commissions from time to time, more often than not those cuts are insignificant and won’t let traders improve their performance a lot. At the same time, most of those discounts are temporary and limited to certain types of accounts or certain assets.

 

 
Publication date: 14 April 01:57 AM

Masterforex-V Expo Names the World's Most Tech-Advanced FX Brokers in April 2017

There is a rule of thumb which reads that before choosing a certain FX broker, you should consider a number of factors to base your choice on. Even though for some traders, the leverage and the size of the spread are important, going with the broker who offers cutting-edge technologies and innovative solutions to the trader is always a good idea.

 

 
Publication date: 13 April 08:45 AM

Trump Makes Dollar Drop

The U.S. Dollar is reported to have dropped a little bit today. This happened shortly after President Trump gave his assessment of the situation in the American financial system. In particular, he assumes that the U.S. Dollar is a little bit too strong and he wants interest rates to stay low.
 
Publication date: 13 April 07:54 AM

Pro-rebate.com: 7% of Profit Made by Auto-Copying Masterforex-V’s 5 Best Traders In March

In March 2017, those who invested in Masterforex-V Academy’s best traders by copying their trades in auto mode got paid handsomely once again, pro-rebate.com experts report. To be more specific, the 60 best traders collectively made over 65000 points of profit. The top 5 traders made 2954 points of the mentioned profit.

 

 
Publication date: 13 April 02:41 AM

Inflation in Great Britain May Undermine the British Pound

The British CPI remained without changes in March 2017. This means that the annual rate of inflation is still 2,3%, Market Leader reports.
 

 

At the same time, the Office for National Statistics, which is the UK’s official statistics agency, indicated a base inflation slowdown over the reporting period. The Core CPI excluding foodstuffs and energy, slowed down from 2% in February to 1,8% in March. This may testify to a much more careful money-and-credit policy by the Bank of England.
Publication date: 12 April 03:07 AM

Hollande's Legacy, FX Experts on EURUSD

Francois Hollande seems to have already become the most unpopular president in the entire history of France. That’s why, amid the forthcoming presidential election in France, more and more experts ask what is his legacy.
 
Publication date: 31 March 12:57 AM