The amount of vacancies in Australia declined by 6.5% in April, the research department of ANZ reports. The decline has been seen for the 2nd month in a row. The chief economist of ANZ Warren Hogan says that if the decline seen in Australia’s labor market will continue over the next 3 months, the Reserve Bank of Australia will have to increase the key interest rate.
ANZ makes monthly reports on the vacancies in the country’s internet and press media. These reports are good in indicating the future of the Australian labor market and can be used to anticipate the changes in the market.
FOREX.
AUDUSD continues its long-term rally. The Experts of the Department of Masterforex-V trading system explain that the currency pair is now forming wave a(C ) or C of H4. 1,0888 and 1,1011 will become the closest resistance levels. Once the price breaks below the MF pivot and sloping channel (the current support levels), the upward scenario will be cancelled.
