Australia employment change 50K vs. 50K estimate

Australia employment statistics for December 2020 – Employment change 50 K vs. 50 K estimate – Unemployment rate 6.6% vs. 6.7% estimate. Down from 6.8% last month

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FX Update – January 18 – USD Holds on to gains

USDindex, H1 The USDIndex has posted a one-month high at 90.88, which sets up potential for a third consecutive up week, something that hasn’t been seen since January last year….

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Australian Dollar Outlook: Rising Commodity Prices to Drive AUD Higher

Australia’s success in suppressing the novel coronavirus and soaring commodity prices may continue to underpin the cyclically-sensitive AUD in the coming months.

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Australia – ANZ job advertisements for December: +9.2% m/m (prior +13.9%)

ANZ’s survey of job ads shows its strongest rise for 18 months  ANZ comments:

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Australia November preliminary retail sales +7.0% m/m (vs +2% expected)

The preliminary data is, of course, subject to later revision. For now though, comes in at a whopping +7.0% m/m  Further growth was the expectation given indications of high Black…

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Events to Look Out for Next Week

Holiday-thinned staffing in Europe, Asia and the US in the end of the week ahead will severely curtail trade, though what this means for volatility is anyone’s guess. The most…

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Australia jobs report (Nov.): Employment +90K (expected +40K) & Unemployment rate 6.8% (expected 7.0%)

The Australian labour market report for November 2020 … another great report after the upside blowout in jobs the previous month also  Employment Change: -90K to smash expectations a second…

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Australia Nov NAB business conditions +9 vs +1 prior

Business survey from NAB

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Australia’s Gross Domestic Product beats and Aussie prints fresh highs

Australia’s Gross Domestic Product has arrived as follows: Australia q3 real GDP +3.3 pct qtr/qtr, s/adj (Reuters poll +2.6 pct). Australia q3 real GD

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Australia GDP for Q3 3.3% q/q (vs. expected +2.5%)

Economic growth data for Australia for the July to September 2020 quarter.   and -3.8% y/y A (relatively) subdued bounce out of lockdown, not as substantial as many countries have seen….

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