Aussie jobs preview – what to expect in AUD/USD

By FXStreet AUD/USD traders have been waiting for this one. Since the commotion of 2016’s opening volatility, the Aussie has made a steady recovery from the risk-off lows last month of 0.6834, being an economy with one of the most consistent governors of the Central Bank.

Stevens has been confidently optimistic throughout 2015 that the economy is growing against a backdrop of an impressive jobs sector. Today, we will see how jobs have been fairing up for the month of January.

2015 was indeed an impressive year for Australian jobs numbers, but in the face of a continued glut in commodities, and with such news as the head of Royal Dutch Shell in Australia advising that job cuts will inevitably be required in Queensland after the $US53 billion ($74.1 billion) takeover of BG Group that is pointing to opportunities to cut costs in gas development to help cope with the collapse in oil prices.

More vigilance fro the RBA in 2016

RBA’s governor, Stevens, needs to be on the alert. Indeed, he recently explained that they are more cautionary in respect to the Global headwinds in commodity and tightening in the financial markets, specifically he is monitoring China in that respect, their major trading partner …read more

Source:: FX Street