The Australian Dollar remains positive. Overview for 18.04.2019

18.04.2019

On Thursday, AUDUSD is still growing and keeping its positive momentum.

The Aussie remains strong against the USD on Thursday morning. The current quote for the instrument is 0.7185.

Australia has a holiday today, but the numbers keep coming. 

In the morning, Australia reported on the Employment Change in March, which added 25.7K after expanding by 10.7K in the previous month and against the expected reading of +15.2K. At the same time, the Unemployment Rate in the country went up from 4.9% to 5.0%, thus matching market expectations. 

Most likely, improvement in the employment is connected with reduction of part-time jobs, thus increasing the number of full-time jobs. 

In general, the labor market is looking quite steadily, even with surplus of jobs. On average, the segment expands by 2.4% every year, which is pretty fast considering that the natural population growth doesn’t exceed 1.5-1.6%. 

Strong reports on the labor market are a great support for the Aussie. 

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.