When is the Australia employment report and how could it aff

When is the Australia employment report and how could it affect AUD/USD?


7/15/2021 12:13:30 AM GMT
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By Anil Panchal
June month employment statistics from the Australian Bureau of Statistics, up for publishing at 01:30 GMT on Thursday, will be the immediate catalyst for the AUD/USD pair traders. The figures become all the Reserve Bank of Australia’s (RBA) recently cautious statements as well as extended local lockdowns in Australia.
Market consensus favors Employment Change to ease from 115.2K previous readouts to 30.0K on a seasonally adjusted basis whereas the Unemployment Rate is likely to rise from 5.1% to 5.5%. Further, the Participation Rate may increase a bit to 66.3% versus 66.2% prior.
In addition to the Aussie jobs data, China’s second-quarter (Q2) GDP and June’s print of Retail Sales, as well as Industrial Production, up for publishing around 02:00 AM GMT, will also be important for the AUD/USD prices. Forecasts suggest the headlines Q2 GDP to rise 1.2% QoQ from 0.6% previous readouts while the Retail Sales and Industrial Production may ease to 11.0% and 7.8% YOY versus 12.4% and 8.8% respective prior.

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