Intraday Market Thoughts

Quick Pre-Aussie Jobs Trading Strategy

by Ashraf Laidi
Aug 11, 2011 2:15

Consensus forecasts expect the July Aussie (21:30 EST, 1:30 GMT) to show +10K from +23K with the unemp rate remaining unchanged at 4.9%.

But looking at the monthly payrolls chart, we notice that the last 8 months of have shown consistent ups-and-downs, with +23K, -0.5K, -28.3K, +47.5K, -10K, +13K, -1K, +52K in the 8 months leading to June. Premium Subscribers find the technical implications for the data and suggested trades in the event of a strong/weak jobs report. Members click here: NON-members can subscribe here:


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