Australia Employment Change Actual 27.3K, Expected -24.9K, Previous -34.7K
 
Release Explanation: This report tracks the number of employed in Australia. The figure appears in the monthly Labor Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases.
 
Trade Desk Thoughts: Employment in Australia increased by 27.3K for April which is above expectations of 24.9K decrease. Full time employment Increased by 49.1K to 7,672,700 while part time employment decreased by 21.8K to 3,126,200.
 
Forex Technical Reaction: The aussie has gained 60 pips since the release and is trading 45 pips above the Asian open. The pair is trading near the 0.7530 level.