Market news
17.01.2020, 08:39

Australia: Critical employment report ahead – ANZ

FXStreet reports that ANZ analysts suggest that in their view, the December employment report of Australian economy could be the key to whether the RBA cuts in February.

"A gain of 10k or less for the month would confirm a sharp slowing in employment growth since Q2 and Q3 last year. While employment is a lagging indicator, a sharp slowdown will cast doubt on the sustainability of the economy's modest revival."

"Following the strong retail sales report for November, which was published on 10 January, the market reduced its view of the probability of an RBA rate cut in February to around 40%. It has since crept back up to around 50%, in part due to speculation that November sales were exaggerated by the growth of Black Friday retail activity. ANZ card data suggest that this may indeed be the case. November strength does not appear to have continued, and in fact Christmas retail sales look to have been very weak."

"The Q4 2019 CPI report due at the end of January will, as always, provide key information for the RBA ahead of its February meeting; but only a major surprise would upset the RBA's outlook. We expect headline inflation for the quarter to jump to 0.7% q/q and 1.9% y/y. Trimmed mean inflation is expected to be more restrained at 0.4%and 1.6% in quarterly and annual terms, respectively."

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location