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AUD/USD – Little Movement as US Job Openings Shines

AUD/USD is stable on Tuesday, as the pair trades in the mid-0.81 range in the North American session. In the US, there was more good news on the employment front, as JOLTS Jobs Openings jumped to 4.97 million, well above expectations. There are no Australian releases on Tuesday.

US job numbers have looked sharp, and the trend continued on Tuesday, as JOLTS Jobs Openings climbed to 4.97 million, easily beating the forecast of 4.86 million. This is the indicator’s highest level since January 2001. The strong employment numbers are a welcome result of the robust economy, as the deepening recovery fuels demand for more workers. The health of the labor market is an important component of any decision to raise interest rates, so upcoming employment releases will be under the market microscope as the Fed mulls when to raise interest rates.

Australian data was mixed on Monday. ANZ Job Advertisements posted a gain of 1.8% in December, its best showing in six months. The news was less positive from the housing sector, as Home Loans came in at -0.7%, well off the estimate of a 1.8% gain. The indicator continues to sputter, and has posted three declines in its past four readings.

AUD/USD for Tuesday, January 13, 2015

AUD/USD January 13 at 15:00 GMT

AUD/USD 0.8144 H: 0.8198 L: 0.8128

 

AUD/USD Technical

S3 S2 S1 R1 R2 R3
0.7799 0.7904 0.8081 0.8150 0.8214 0.8315

 

Further levels in both directions:

 

OANDA’s Open Positions Ratio

AUD/USD ratio is almost unchanged on Tuesday. This is consistent with the lack of movement displayed by the pair. The ratio has a majority of long positions, indicative of trader bias towards AUD/USD moving higher.

AUD/USD Fundamentals

*Key releases are highlighted in bold

*All release times are GMT

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Kenny Fisher

Kenny Fisher [4]

Market Analyst at OANDA [5]
A highly experienced financial market analyst with a focus on fundamental analysis, Kenneth Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in several major online financial publications including Investing.com, Seeking Alpha and FXStreet. Based in Israel, Kenny has been a MarketPulse contributor since 2012.
Kenny Fisher

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