Compass Global Markets' Blog

Market Update - 6th January 2017 - Aussie Bounces Again On Poor Preliminary U.S Jobs Numbers

Posted by Patrick Downes on January 6, 2017 at 8:45 AM

The Aussie dollar has strung together a fourth day of gains bringing AUD/USD up by another 0.8% to be trading around 0.7340 this morning. The gains come amid poor preliminary U.S jobs numbers which came in below expectations at 153,000. The poor showing in this preliminary jobs data means traders will go into tonight's official Non-Farm Payrolls figures expecting a poor number, estimates are for about 175K new jobs to have been created in the latest period.

Other than that, it was a reasonably quiet night for markets with the Dow Jones failing to push past the key 20,000 figure while European equities finished the session flat. The local equity market is tipped to open higher by around 0.2% this morning thanks to continued positive sentiment globally.

DATA RELEASES TODAY:

USD - Non-Farm Employment and Unemployment Rate at 12.30am

AUD EXCHANGE RATES:

AUD/USD – 0.7341

AUD/GBP – 0.5911

AUD/EUR – 0.6921

AUD/NZD – 1.0448

AUD/JPY – 84.731

***Above rates are indicative wholesale rates and intended as a guide only***

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Patrick Downes

Senior Corporate FX Dealer

Compass Markets

Phone Patrick - 0431 278 632 

  Email Patrick: patrick@compassmarkets.com

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Topics: Report, Market

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