Market Movers for May 16, 2019


On Thursday, May 16, 2019, the markets will be focused on the announcements from the economic calendar data, which usually results in changes in price movements. The economic agenda is a key tool for the basic analysis of news about market performance. Therefore, caution must be taken to determine the results of these actual data to make the right trading decision. The economic news today is:

Australian employment data: In Australia, employment rose by 25.655 in March after adjusting the number of new jobs for the previous month up to an increase of 10.717 jobs and this month's reading surpassed analysts’ expectations of an increase of 12000. At the same time, the unemployment rate rose to 5.0% seasonally adjusted rate in March from its lowest level in eight years to 4.9% the previous month. The March reading was in line with analysts' expectations.

Expectations for April 2019: Add 15,200 new jobs and record unemployment rate of 5.0%.

Comments from the Governor of the Bank of Canada, Stephen Bowles: The Governor of the Bank of Canada, Stephen Boloz, is scheduled to hold a press conference in Ottawa to discuss the review of the Financial Regulations. The Canadian dollar is often very volatile during his comments as traders try to understand future interest rates.

The team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.