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Forex Flash: Jobless rate to remain unchanged at 5.6% - NAB

FXstreet.com (Barcelona) - In less than 1 hour Australia will publish its monthly Labor Force figure - 1.30GMT -, with a forecast for another fall in employment, down 10K for April (market median forecast +11K), after a fall of 36,100 last month, NAB notes.

NAB adds: "We expect the unemployment rate to remain unchanged at 5.6%, as does the market, with NAB’s Participation Rate at 65.0% (market forecast at 65.1%,the outcome for March). While the monthly jobs outcome has all of the characteristics of a random walk, in support of our negative forecast, NAB employment has been trending down."

Forex Flash: RBNZ currency intervention not always a success - Nomura

Recently, RBNZ Governor Wheeler made some comments confirming recent intervention by the RBNZ to weaken the Kiwi. The initial reaction was dramatic as the pair plummeted lower, but some analyst point out the pullback in NZD/USD represents a buying opportunity.
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Forex: EUR/JPY ready for the next leg up?

The EUR/JPY closed the day sharply higher, up 78 pips at 130.20. During the European session, the pair seemed to get a boost from German Industrial Production (MoM) which came in at 1.2% vs.-0.1% estimate. Data will be light in the next session as European markets will be closed for holiday.
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