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Aussie jobs preview - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at TD Securities noted that the Australian Employment, December, is due next week and offered their forecasts compared to market consensus and preview.

    Key Quotes:

    "Headline (Mkt)-10k TDS 15k

    Unemployment (Mkt) 5.90% TDS 5.90%

    Participation Rate (Mkt) 65.2% TDS 65.3%

    Approx 130k jobs have been added in the last 2 months, a phenomenal increase for an economy that is growing sub-trend.

    Our above-consensus forecast is not held with tremendous conviction, and employment growth at 3% is exceeding that suggested by job vacancy data. Should an outcome softer than our forecast materialise, it is unlikely to impact RBA thinking significantly."
    For more information, read our latest forex news.

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