Aussie jobs figures in the Asian session: what is left for Europe?

[FXS London Scalper]

Australian jobs data comes out during the Asian session. By the time London opens, the first reaction has happened.

What to look at:

• How strong the surprise was against forecasts.
• Whether AUDUSD held the move into London.
• Whether other Australian news, such as RBA comments, came out the same day.

Possible patterns: a strong surprise can lead to continuation in London as European traders adjust positions. A weak or mixed result often fades.

For scalpers: the Asian high and low after the release are useful levels for the London morning. Breaks of those levels can be more meaningful than ordinary moves.

Note the composition of the data: full-time and part-time employment and the unemployment rate can point in different directions, which often explains confusing reactions.

Also, Chinese data can affect AUDUSD more than Australian data on some days.

A one-line note each month on the surprise and the London reaction will show over a year whether the pattern holds.

Does anyone trade AUDUSD in London after Australian data?