Aussie Employment Report

Written January 18, 2012 at 7:38 PM EST by  

The AUDUSD fell by 50 pips initially as the Aussie employment report showed a loss of -29.3K jobs versus the estimate of a 10K increase. However the currency has quickly recovered as a look at the details revealed the loss was driven mostly by a loss of part-time jobs following the holiday season. The details of the release are as follows:

  • Employment Change – Survey:10K   Actual:-29.3K   Prior:-6.3K
  • Unemployment Rate – Survey:5.3%   Actual:5.2%  Prior:5.3%
  • Full Time Change – Survey:18.8K   Actual:24.5K  Prior:-39.9K
  • Part Time Change – Survey:-8.8K  Actual:-53.7K  Prior:33.6K

The Aussie wedge we reviewed yesterday continues to hold.

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