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16/09/2021 Thursday

Key Data Being Released Today.


  • USD Crude oil inventories: prev -1.5M
  • NZD GDP q/q: Exp 1.2%
  • AUD Employment change: Exp -80.0K
  • AUD Unemployment rate: Exp 4.9%
  • EUR President Lagarde Speaks
  • USD August Core retail sales m/m: -0.2%
  • USD August retail sales m/m: exp. -0.8%
  • USD Philly Fed Manufacturing Index: exp. 18.9
  • USD unemployment rate: exp. 316K


The Aussie Dollar


Today the market will be paying close attention to the Australian employment figures that will be coming-out at 11:30am AEST. Particular attention will be given to our participation rate, and the market will also focus and the split of full time or parttime jobs added/lost.


The US Retail Sales and the Initial Jobless Claims report tonight precedes the FOMC monetary policy meeting, to be held on September 21-22. A good reading could reignite the possibilities of a bond tapering announcement, by next week. If the consumer conditions have worsened, investors could expect a delay until the November meeting.


Looking at the market technically, traders will be keeping a close eye on the 50 Day Moving Average (Red line) as a key level of resistance if the Australian Employment is positive.


If you want to discuss how market movements can affect your business, please get in contact your Account Manager, or follow the link below.



AUD/USD Daily Chart


Major Global Markets

  • Stocks
    • S&P 500 closed at 4480
    • NASDAQ closed at 15525
    • ASX 200 closed at 7417
  • Currencies
    • AUD/JPY – At the time of writing this report trades at 80.30
    • AUD/CNH – At the time of writing this report trades at 4.7150
    • DXY (US Dollar Index) – At the time of writing this report trades 92.484
    • AUD/EUR – At the time of writing this report trades 0.6210
  • Bonds
    • US 10-year Bonds remains flat at 1.306%
  • Commodities
    • Iron Ore – Trading at USD/T 124.16
    • Gold – trading at USD/OZ 1794
    • Brent Crude Oil – Trading at USD/Bbl 75.26