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January 19th - According to data from the National Bureau of Statistics, the average urban surveyed unemployment rate nationwide for the year was 5.2%. In December, the national urban surveyed unemployment rate was 5.1%. The surveyed unemployment rate for local registered laborers was 5.3%; the surveyed unemployment rate for migrant workers was 4.7%, of which the surveyed unemployment rate for migrant agricultural workers was 4.4%. The urban surveyed unemployment rate in 31 major cities was 5.1%. The average weekly working hours for employees in enterprises nationwide was 48.6 hours. The total number of migrant workers for the year was 301.15 million, an increase of 1.42 million, or 0.5%, compared to the previous year. Among them, local migrant workers numbered 121.09 million, an increase of 0.1%; and migrant workers who left their hometowns to work outside their hometowns numbered 180.06 million, an increase of 0.8%.January 19th - According to data from the National Bureau of Statistics, by region, investment in the eastern region decreased by 8.4% year-on-year, investment in the central region decreased by 2.7%, investment in the western region decreased by 1.3%, and investment in the northeastern region decreased by 15.5%. By registration type, fixed asset investment by domestic enterprises decreased by 3.8% year-on-year, fixed asset investment by Hong Kong, Macao and Taiwan enterprises decreased by 2.2%, and fixed asset investment by foreign-invested enterprises decreased by 13.8%.January 19th - According to data from the National Bureau of Statistics, by industry, investment in the primary sector reached 957 billion yuan, a 2.3% increase year-on-year; investment in the secondary sector reached 17,736.8 billion yuan, a 2.5% increase; and investment in the tertiary sector reached 29,824.8 billion yuan, a 7.4% decrease. Within the secondary sector, industrial investment increased by 2.6% year-on-year. Specifically, investment in mining increased by 2.5%, manufacturing by 0.6%, and investment in the production and supply of electricity, heat, gas, and water increased by 9.1%. Within the tertiary sector, infrastructure investment (excluding the production and supply of electricity, heat, gas, and water) decreased by 2.2% year-on-year. Specifically, investment in pipeline transportation increased by 36.0%, multimodal transport and freight forwarding by 22.9%, and water transport by 7.7%.January 19th - According to data from the National Bureau of Statistics, in 2025, Chinas online retail sales reached 15,972.2 billion yuan, an increase of 8.6% over the previous year. Among them, online retail sales of physical goods reached 13,092.3 billion yuan, an increase of 5.2%, accounting for 26.1% of total retail sales of consumer goods. Within online retail sales of physical goods, food, clothing, and daily necessities increased by 14.5%, 1.9%, and 4.1%, respectively.Chinas industrial output rose 0.49% month-on-month in December, compared with 0.44% in the previous month.

AUDJPY fails to exceed 94.00 prior to Australian Employment data

Alina Haynes

Nov 16, 2022 15:00

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The AUDJPY pair faces headwinds in the early Tokyo session as it attempts to hold above the important support level of 94.00. The asset has encountered resistance at 94.50 and is projected to stay volatile until the release of Australian employment data on Thursday.

 

As geopolitical tensions increase, the value of the cross has decreased. Following the expansion of Russian separatist military action into Poland, the risk profile has deteriorated. Russia has denied any participation in the incident, while Poland has demanded a meeting with NATO countries.

 

Despite the release of the Reserve Bank of Australia (RBA) minutes on Tuesday, the risk indicator remained relatively stable. In spite of an extraordinary spike in inflation to 7.3%, the RBA minutes showed a 75% chance of a 25 basis point rate hike.

 

The board concurred that acting consistently on policy rates would enhance the public's and financial market participants' faith in the monetary policy framework. In addition, RBA policymakers believed that the Official Cash Rate (OCR) had risen substantially in a short time. In addition, the anticipated interest rate has been raised to 8%.

 

Meanwhile, Japanese investors reacted less harshly to Tuesday's disappointing Gross Domestic Product (GDP) data. Contrary to forecasts of 0.3% growth and a previous declaration of 0.9%, the Japanese economy contracted 0.3% during the third quarter. Compared to the expected expansion of 1.1% and the prior release of 3.5%, the economic catalyst has revealed a negative growth rate of 1.2% on an annualized basis.

 

This week, the most important asset trigger will be the Australian payroll data. According to the consensus, the economy added 15,000 jobs in October, compared to a paltry gain of 900 jobs in September. The predicted unemployment rate is 3.6%, up from 3.5% in the previous report.