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Australia's wage price index gained a seasonally adjusted 0.4 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday.

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The unemployment rate in Australia came in at a seasonally adjusted 5.6 percent in October, the Australian Bureau of Statistics said on Thursday.

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Living in a Post-Election Forex World

So, the election is over, the dust has settled and we have a new President Elect. The United States of America, and the rest of the world, is sitting on the edge of their collective seats waiting to see what the next four years is going to look like, but the financial markets tick along just the same. Plenty of speculation about where markets will be in the next 6 months is already in the air and irrespective of where the markets go, we have seen an increase in market volatility over the last few weeks which is likely to continue for some time. However, like anything, this volatility will come and go and our job as disciplined market speculators is to be prepared for all market conditions no matter the situation.

In the earlier days of my FX trading I tended to like volatility when it paid me on trades and hated it when I lost! My novice mentality shone through strongly back then. Today though, I look at market volatility from a very different perspective altogether. Markets will typically do what they were always meant to do, as the only thing which pushes prices higher or lower are the imbalances between willing buyers and willing sellers, namely supply and demand. When major news and volatility swings into the markets it is easy to forget this and be tempted to react to movement, as opposed to planning your moves around it. There is a huge difference in these approaches, with one being focused on planning in advance and the other just reacting to what is happening.

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The total value of construction work done in Australia was down a seasonally adjusted 4.9 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday - coming in at A$46.147 billion.

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This week might get off to a slow start, with traders returning to work somewhat groggily and overfed after last week's Thanksgiving holiday. However, some important economic reports are due out later in the week, including the monthly jobs report and new figures about economic growth. Meanwhile, the Federal Reserve will be in focus as well.

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In welcome news for retailers going into the holiday shopping season, the Conference Board released a report on Tuesday showing a much bigger than expected jump in U.S. consumer confidence in the month of November. The Conference Board said its consumer confidence index surged up to 107.1 in October from an upwardly revised 100.8 in October.



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Employment in the U.S. increased by a little more than economists had been anticipating in the month of November, according to a report released by the Labor Department on Friday. The report said non-farm payroll employment climbed by 178,000 jobs in November following a downwardly revised increase of 142,000 jobs in October.

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New Zealand had a merchandise trade balance of NZ$705 million in November, Statistics New Zealand said on Wednesday - representing 18 percent of exports.

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After reporting first-time claims for U.S. unemployment benefits at a six-month high in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims pulled back in line with estimates in the week ended December 24th.

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The Hong Kong stock market has finished lower in two of three trading days since the end of the five-day winning streak in which it had advanced almost 800 points or 3.8 percent. The Hang Seng Index now rests just beneath the 22,720-point plateau, and the market may open under pressure again on Tuesday.

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