This week out of Australia we are expecting some important figures to be released from Australia; with huge potential for AUD movement.
Today the market will receive the latest release from ANZ’s Job Advertisements for December. There are no known expectations for the figure; however, this release has posted positive figures for the last 6 months. Last month the figure was release at 0.7%; this was considered a strong result and the AUD found short term gains as an outcome.
ANZ’s Job advertisement data only tends to have an influence on the market if the release is ahead of the Australian Government employment figures. The official figures are expected out on Thursday; therefore the Advertisement figures out today will give investors an insight for the more important official employment figures.
Another market mover expected out today is the Monthly release of Australia’s Home Loan creation figures. This is a leading indicator of demand in the housing market. As most homes are financed, the figure provides an excellent gauge of how many qualified buyers are entering the market.
Tomorrow will see some movement in the Chinese Trade Balance Figures. They were expected to come out over the weekend, Saturday morning. However, they have been postponed to be released on Tuesday. For the last two releases, the final figure has smashed expectations by ten Billion, per release.
As mentioned earlier in this article, the most important release we are expecting this week is the Employment figures out of Australia. At face value the figures are looking to have a negative on the AUD, the figures are expected to be release far below last month’s release. Last month Australia created 42.7 thousand Jobs, this month we are expecting 5.3 thousand jobs. The expectations are very low, so there is room for the figure to outperform the expected figures.
The AUD is expected to remain at current levels. However, we may see the AUD create more strength heading into the weekend after the employment figures are released, of course, this depending on the final figures relative to the expectations.