It's a big day for the AUD, with March employment data at 11:30 and China trade balance (Reuters expects this at 12:00)

Chris Weston

Pepperstone

It's a big day for the AUD, with March employment data at 11:30 and China trade balance (Reuters expects this at 12:00). In terms of jobs, the market expects 2500 jobs to be created, with a range of +25,000 to -20,000 from economists. Earlier in the month we saw a strong Korean export print (+5.2%) and this has generally been a been a good guide to China's export numbers, which in turn are expected to stage a strong rebound after big falls last month. AUD/USD is looking a touch overbought at present, so we could see some modest profit taking going into the data flow.


Chris Weston
Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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