Economic Indicators
Australia
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Employment Change The employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
National Australia Bank's Business Confidence
The National Australia Bank
Business Confidence is a survey of the current business condition in Australia. It
indicates the performance of the overall Australian economy in a short-term
view. A positive economic growth anticipates bullish movements for the AUD,
whereas a negative growth is seen as bearish. National Australia Bank's Business Conditions The NABīs Business Conditions released by the National Australia Bank looks at trading, profitability and employment conditions in Australia. It serves as an indicator of overall economic situation in the short term. A high reading is seen as positive, or bullish for the AUD, while a low reading is seen as negative, or bearish.
RBA's Governor Glenn Stevens Speaks RBA Governor Glenn Stevens gives a press conference as to how the RBA observes the current Australian economy and the value of AUD. His comments may influence the volatility of AUD and determine a short-term positive or negative trend.
The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian lobar market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).
Westpac Consumer Confidence The Westpac Consumer Confidence captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions for major household items. A high reading is seen as positive (or bullish) for the AUD, whereas a low reading is seen as negative (or bearish). |
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