¡La leyenda en el equipo de InstaSpot!
¡Leyenda! ¿Cree que es una retórica grandilocuente? Pero, ¿cómo deberíamos llamar a un hombre, que se convirtió en el primer asiático en ganar el campeonato mundial de ajedrez júnior a los 18 años y en el primer Gran Maestro indio a los 19 años? Ese fue el comienzo de un camino difícil hacia el título de Campeón del Mundo para Viswanathan Anand, el hombre que se convirtió en parte de la historia del ajedrez para siempre. ¡Ahora una leyenda más en el equipo de InstaSpot!
Borussia es uno de los clubes de fútbol con más títulos en Alemania, que ha demostrado repetidamente a los fanáticos: el espíritu de competencia y liderazgo que ciertamente conducirán al éxito. Opere de la misma manera que los profesionales del deporte: con confianza y de forma activa. ¡Mantenga un "pase" del Borussia FC y lidere con InstaSpot!
The released report on the Australian labor market was indeed mixed. Overall, the forecasts were not met: some components of the release came in the green zone, but most were in the red. At the time, the AUD/USD pair reacted negatively to the publication, sharply declining to 0.6630. However, buyers of the pair took over, preventing the Aussie from falling into the 65 range.
Nevertheless, buyers cannot boast of any significant successes either. Having subdued the downward momentum, they only partially regained lost positions. To confirm the upward trend, the pair needs to overcome the resistance level at 0.6700 (the upper line of the Bollinger Bands on the daily chart) to open up a range of 0.6700-0.6750 (the upper boundary of this corridor coincides with the lower boundary of the Kumo cloud on the MN timeframe). However, to breach this target, additional information is needed: the "Australian Non-Farms" did not accomplish this task.
According to data released on Thursday, the unemployment rate in Australia remained at October's level of 4.3% in November, despite most analysts predicting a rise to 4.4%. This means that despite a reduction in employment (which we will discuss further), the share of those actively seeking work did not increase.
The total number of employed decreased by more than 20,000 (-21.3 thousand) — the largest monthly decrease in the last nine months. Moreover, the full-time employment component showed a negative trend (-56,500), while part-time employment increased by 35,000. It is noteworthy that in October, there was a mirrored situation (+55,300/-13,100).
The labor force participation rate decreased to 66.7% (from 67.0% in October).
Despite the unemployment rate remaining low, the key components of the release point to the first signs of stagnation or even weakening in the labor market. The reduction in employment may suggest a correction has begun after a long period of growth. Certain concerns arise over structural changes. For example, the increase in part-time employment while full-time employment falls may signal that employers prefer more flexible hiring structures amid economic uncertainty.
It is important to recall that after the December meeting of the Reserve Bank of Australia (which took place just the other day), the central bank maintained all monetary policy parameters in their previous form and voiced hawkish rhetoric, suggesting that an option for raising interest rates next year has emerged among the "available options." According to RBA Governor Michelle Bullock, the baseline forecast suggests a prolonged pause or an interest rate hike. In this context, she noted that all subsequent data on inflation and employment "will be important for the February meeting."
The labor market report published on Thursday is just the first piece of the puzzle. Although the release slightly reduced the theoretical chances of a rate hike, it does not play a decisive role for the RBA.
Firstly, it's still too early to talk about a trend forming. For example, previous "Australian Non-Farms" provided substantial support to the Aussie, as almost all components came in the green zone. Unemployment in October fell to 4.3%, and employment increased by 40,000 (against a forecast of 20,000), solely due to the rise in full-time employment (as mentioned earlier, part-time employment fell by 13,000 in October).
Secondly, inflation will play a crucial role for the RBA. It can be said that the fate of interest rates will largely be decided in January, when the fourth-quarter CPI growth data is published. Judging by the dynamics of monthly inflation, this release may favor the Aussie.
Thirdly, the labor market report published on Thursday allows the central bank to maintain a wait-and-see position. That is, the RBA's members still have two options on the table: maintain the status quo or raise rates.
For this reason, AUD/USD bears were only able to stage a short-term correction on Thursday. Bullish sentiment still prevails for the pair, not only due to the US dollar's general weakness.
The AUD/USD pair is situated between the middle and upper lines of the Bollinger Bands and above all lines of the Ichimoku indicator, which currently shows a bullish "Parade of Lines" signal on the daily chart. The first target for the upward movement is the level of 0.6680 (the upper line of the Bollinger Bands on the 4-hour chart). The main target is 0.6700 (the upper line of the Bollinger Bands on the daily chart). A breakout of this level will open up the path to the next price barrier at 0.6750 (the lower boundary of the Kumo cloud on the monthly chart).
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
