Take a look at the current currency pair rates below:
GBP/JPY: Lowest 132.08 Highest 132.88 Current 132.74-79
EUR/JPY: Lowest 112.04 Highest 112.69 Current 112.55-60
USD/JPY: Lowest 82.23 Highest 82.61 Current 82.56-59
GBP/USD: Lowest 1.6048 Highest 1.6102 Current 1.6081-84
EUR/USD: Lowest 1.3612 Highest 1.3665 Current 1.3636-39
USD/CHF: Lowest 0.9619 Highest 0.9657 Current 0.9647-50
AUD/USD: Lowest 1.0099 Highest 1.0154 Current 1.0105-08
AUD/JPY: Lowest 83.32 Highest 83.67 Current 83.41-46
For those Aussie Dollar fans out there here's a treat for you tomorrow morning if you're in the Eastern Hemisphere. The Australian Employment Change & Unemployment Rate will be announced Thursday February 10 at 9:30 AM (UTC+9). The Australian Bureau of Statistics expects that 18,000 new jobs were created during the previous month. The bureau is also predicting that the Unemployment Rate will remain constant at 5.0%.
The combination of the results of these 2 announcements will determine how quickly the market will move. Below are the AUD/USD and AUD/JPY 30-minute charts illustrating both results that came out on January 13, 2011 at 9:30 AM (UTC+9). Although the Unemployment Rate was announced 0.1% lower than what was forecasted, the Employment Change result was significantly lower than what was forecasted by nearly 23,000 jobs. This negative announcement overshadowed the positive Unemployment Rate announcement.
AUD/USD 54-point drop
AUD/JPY 43-point drop
The AUD/USD has a chance to reach its highest rate ever at around 1.0250 with the help of positive Unemployment Rate & Employment Change announcements. The 1.0250 area presents a compelling selling opportunity.