Today, Australia has published the labor data for August.
Officially the unemployment fell from 5.7% to 5.6%, but due reducing of economically active population (64.7% vs. 64.9% in July). The number of unemployed increased by 3.9K. The expected inflation rate of MI decreased from 3.5% to 3.3%.
Commodity markets continue falling. The iron ore fell to 57.25 dollars. The Brent oil lost 1.3 dollars.
Today, it is worth to pay attention to the US data. The core retail sales are expected to rise by 0.2%, the Core PPI is expected at 0.1%. The industrial production is expected to decline by 0.3%. The Philadelphia Fed Manufacturing Index may drop from 2.0 to 1.1 points. Even the number of jobless claims is expected to increase from 259K to 262K.
However, any positive US statistics will put pressure on the “Aussie”.
How to trade binary
We would buy Call options if the pair rises above 0.7490. We would buy Put options if the pair falls below 0.7430.
Expiry time: 20:00 GMT