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AUD/USD Between a Rock and a Hard Place Ahead of Employment Data
Australian employment data for December is due out in a few hours and expectations for the Employment Change are +16,000 vs a surprising +39,000 in November. The headline number is a bit deceiving though, as it is a combination of full-time jobs and part-time jobs. Of the 39,000 jobs created in November, only 4,200 were full-time. 35,700 of those jobs were part-time. This month, expectations for the full-time employment change is -8,000 while the part-time employment change expectations are for +24,000. The unemployment rate is expected to remain unchanged at 5.2%.
As with any economic data, the price move once it released is always a crap shoot. Typically, on better than expected data price moves higher, and on worse than expected data price moves lower. With the Australian Employment Change, it’s even more difficult to decipher because of full-time job and part-time jobs. Add to that any possible delays in hiring because of the wildfires, and December’s data may be even more difficult to surmise.
In summary, with the full and part time aspect of the employment change, the wildfires, and all the technical aspects of AUD/USD converging at or near current levels, traders will be extra careful when trading the data. They made even sit aside until they can determine more of a directional bias.
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Reiki means the connection between the original Source or Energy (Rei) and the set of local or created energies (Kis), which in our case has to do with our Ego (manifest I). We connect Rei to our Ki, Rei-Ki.
Some Masters call it Energy of Life, or Mysterious energy thinking about its effects.
https://www.youtube.com/watch?v=suhM7thl5sc
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Christian Note
John 3:8
“The wind bloweth where it listeth, and thou hearest the sound thereof, but canst not tell whence it cometh, and whither it goeth: so is every one that is born of the Spirit.”
185 traders watching
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Have an excellent healing!
AUD/USD Between a Rock and a Hard Place Ahead of Employment Data
Australian employment data for December is due out in a few hours and expectations for the Employment Change are +16,000 vs a surprising +39,000 in November. The headline number is a bit deceiving though, as it is a combination of full-time jobs and part-time jobs. Of the 39,000 jobs created in November, only 4,200 were full-time. 35,700 of those jobs were part-time. This month, expectations for the full-time employment change is -8,000 while the part-time employment change expectations are for +24,000. The unemployment rate is expected to remain unchanged at 5.2%.
As with any economic data, the price move once it released is always a crap shoot. Typically, on better than expected data price moves higher, and on worse than expected data price moves lower. With the Australian Employment Change, it’s even more difficult to decipher because of full-time job and part-time jobs. Add to that any possible delays in hiring because of the wildfires, and December’s data may be even more difficult to surmise.
In summary, with the full and part time aspect of the employment change, the wildfires, and all the technical aspects of AUD/USD converging at or near current levels, traders will be extra careful when trading the data. They made even sit aside until they can determine more of a directional bias.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Reiki means the connection between the original Source or Energy (Rei) and the set of local or created energies (Kis), which in our case has to do with our Ego (manifest I). We connect Rei to our Ki, Rei-Ki.
Some Masters call it Energy of Life, or Mysterious energy thinking about its effects.
https://www.youtube.com/watch?v=suhM7thl5sc
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Christian Note
John 3:8
“The wind bloweth where it listeth, and thou hearest the sound thereof, but canst not tell whence it cometh, and whither it goeth: so is every one that is born of the Spirit.”
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