86% of retail investor accounts lose money when trading Online Forex/CFDs. You should consider whether you can afford to take the high risk of losing your money. By proceeding with the registration process, you acknowledge that you have read and understood our Risk Disclosure and Warning.
Account Types

Fundamental Analysis (Part 5) - Oceania Figures
Reading Time: 8 Min
Experience Level:Beginner

Oceania Figures


Australia Jobs Report

 

The key economic indicators from the Australian economy include data on unemployment, labor force participation rate, and wage levels.

 

Interest Rate Decision - Australia

 

The Reserve Bank of Australia (RBA) interest rate decision is updated each month from February to December.

 

The RBA’s interest rate decision is closely watched not only for what it means for the Australian economy in terms of Monetary Policy and economic growth, but also for the Australian Dollar being a desirable destination for arbitration.

 

Excluding extreme economic conditions, the RBA generally had relatively higher interest rates.

 

Australia Consumer Sentiment (Westpac)

 

Measuring the confidence level of consumers, the Consumer Sentiment Index issued by Westpac is a significant indicator for economic activity. The index is compiled of a survey covering 1,200 consumers to give an approximate rating of economic conditions. If the level recorded is above 100, it indicates an optimistic sentiment, while the opposite indicates pessimism.

 

Usually, a reading that is higher than expected is taken as a positive sign for the AUD, while the opposite is taken as a negative sign.

 

Interest Rate Decision – New Zealand

 

The Reserve Bank of New Zealand (RBNZ) meets seven times a year to decide on its policy and interest rates and to update its economic outlook.

 

Like the RBA, the RBNZ’s interest rate decision is closely watched because historically, the New Zealand Dollar is a desirable destination for arbitration.

 

Excluding extreme economic conditions, the RBNZ generally had relatively higher interest rates. 

 

New Zealand Banking Group Limited (ANZ) Business Confidence

 

Measuring current business conditions in New Zealand, this indicator helps in analyzing the short-term economic situation. Generally, if the ANZ business confidence indicates a rising trend, it means there might be an increase in business investment, resulting in higher output levels.

 

This economic figure, which analyzes the business outlook for the following 12 months, is written for those who want a brief perspective on business confidence, export sales, and labor market, among others.

 

New Zealand Business Performance of Manufacturing Index

 

The BNZ – Business NZ Performance of Manufacturing Index is a monthly survey providing an early indicator of New Zealand manufacturing sector activity levels.

 

Usually, a reading that is higher than expected is taken as a positive sign for the NZD, while the opposite is taken as a negative sign for the currency.

  

Technical Vs. Fundamental Analysis




Suggested Articles

Essential Forex Terms
A part of the essential knowledge you must acquire before you start trading Forex is the terminology. In this article, we will be explaining some basic Forex terms that you will be hearing frequently throughout your trading journey.
Introduction to Commodities
One of the essential steps everyone must take before they partake in any investment is to know what assets they will be working on. This will serve as a basic introduction to commodities and the commodities markets.
The Psychology of Trading
The usually overlooked factor relating to trading psychology is as essential in accumulating success in trading as learning fundamental and technical analyses for developing a holistic trading strategy. In this article, we will get to know how traders can and should intelligently handle the unpleasant emotions that often accompany trading.
Hedging 101
Naturally, investors are keen on protecting their finances from incurring massive losses by crafting robust trading strategies and risk management tools. In this article, we will highlight one of the most widely used risk management techniques, hedging.
Becoming a Full-time Forex Trader
You might have been in the Forex trading industry for a while now, and you feel like you have reached the place where you are confident in your Forex skills to trade in it full-time. Such a step would be considered a bold yet plausible move. First, you have to think it through before committing to the world of Forex trading.
Price Action Analysis
In this article, we will explain the meaning of price action analysis, which is the core of stock technical analysis.