Payrolls in U.S. Decline by 11,000 against estimate of 125,000

Employers in the U.S. cut the fewest jobs in November since the recession began and the unemployment rate unexpectedly fell, signaling the recovery is lifting the labor market out of the worst employment slump in the post-World War II era.

WOW! Unprecedented volatility following US Unemployment

We booked 78 pips and 48 pips on AUDUSD and EURUSD. We are now out of the market. wow

AUDUSD breaks below 0.9230

Look for further weakness.

Profit taking on higher-yielding currencies may continue

Australia dollar found support near 0.9130, after slipping yesterday, as an unexpected contraction in U.S. services industries damped demand for higher-yielding assets and raised concern today’s jobless report may disappoint forecasts.

@ http://www.moneytrading.com.au/

Euro Zone data in Focus

Euro Zone PMI at 8:00pm AEDT

Euro Zone GDP at 9:00pm AEDT

ECB Likely To Hold Rates and may hint gradual exit in the statement at 11:45pm AEDT

Australian retail sales up 0.3% in October 2009

Result as expected,

Aussie Retail sales in focus at 11:30 AEDT

Retail sales figures out today are expected to be weak, with consumer demand having softened since the government's cash payments ended mid-year. AUD gains were limited over a concern that the recent RBA rate hikes may begin to choke off economic recovery in Australia. Tuesday Australia reported weaker than expected building approvals and a modest drop in November PMI. The retail sales report today should give a better read about consumer demand in Australia and whether RBA rate hikes are impacting Australia's domestic economy.

Australian And New Zealand Dollars Soar On Strong Equities

Australian and New Zealand dollars rose against their major counterparts as Asian stocks advanced on easing worries over Dubai debts.

Benchmark interest rates are 3.75 percent in Australia and 2.5 percent in New Zealand, compared with 0.1 percent in Japan and as low as zero in the U.S., attracting investors to the South Pacific nations' higher-yielding assets.

Australian dollar is directionless after RBA lifted the cash rate

Australian dollar is directionless after RBA lifted the cash rate, as investors were disappointed by dovish statement following the rate rise.

The Reserve Bank of Australia raised the cash rate by 25 basis points to 3.75 per cent following its monthly board meeting. The Australian dollar traded in a close range of 0.9100 and 0.9186 following the rate hike in the local market but attracted buyers in European and the US market. RBA governor Glenn Stevens said the monetary stimulus put in place during the global economic downturn was being wound back. Aussie last traded at 0.9255.

Bearish on AUDUSD below 0.9330

Daily AUDUSD chart shows clear break below support at the lower boundary of a rising channel. We are bearish on AUDUSD as long as it is below 0.9330.

AUD dips after RBA raises rates

The dollar pulled back after the Reserve Bank raised interest rates to 3.75 per cent, right on market expectations.

Australian Inflation Gauge Climbs In November Raising Likelihood Of Rate Hike

An unofficial monthly inflation gauge for Australia increased at a faster pace in November, a report from the Melbourne Institute and TD Securities showed on Monday. The acceleration was mainly due to higher prices of motoring, fruits & vegetables, and household supplies.

Australian Dollar Rises on Speculation RBA Will Increase Rates

Australia’s dollar rose against the US dollar on speculation the central bank will increase interest rates tomorrow for a record third month.

The Australian and New Zealand dollars climbed for the first time in three days following UAE central bank's offer to give more money to lenders facing losses on Dubai World, fueling optimism investors will buy higher-yielding assets. Demand for New Zealand’s dollar increased after Prime Minister John Key rejected a proposal to slash government spending and tax rates to boost productivity.

U.A.E. Central Bank Stands Behind Lenders, Adds Funds

The United Arab Emirates’ central bank said it “stands behind” the country’s local and foreign banks, which face losses from Dubai World’s possible default, and offered them access to more money under a new facility.


Banks will be able to use a special facility tied to their current accounts that can be accessed at a cost of 50 basis points above the three-month local benchmark interest rate, the Abu Dhabi-based regulator said in an e-mailed statement today.

This is a positive move by the UAE Central Bank