Monetary policy is working?
Near to Zero Interest Rate (since December 2008), Quantitative Easing, Purchasing of Long Term US Treasury Bonds, Mortgage-Backed Securities (MBS) (from 2008-2010), Operation Twist, Printing Money...
Read more from Wall Street Journal
2012 started with a boost!
For the first trading week in 2012, US major index:
Dow Jones risen 1.2%, Nasdaq Composite +2.7%, S&P 500 Index +1.6%.
Read more from Bloomberg
On the economic data front:
In the month of December 2011, US Created 200,000 Non-Farm Payroll, better than market forecast 152,000, a whopping increment from previous month (November 2011) 100,000 (revised from 120,000).
Jobless rate falls to 8.5%, better than market forecast 8.7%, compare to last month 8.7% (revised from 8.6%), lowest since March 2009 (check it out).
Showing posts with label NFP. Show all posts
Showing posts with label NFP. Show all posts
Sunday, January 8, 2012
Saturday, June 4, 2011
Updates on EURUSD and NFP
EUR/USD
has been moving up steadily today after touching its daily initial shadow.
and now moving towards my target price of 1.4633.
I will to close this position before I go to bed. Before that, let us have a quick review of the major economic news today: NFP.
May-2011 Non Farm Payroll
Consensus: 194k (revised to 161k after ADP NFP) Previous 244k
Actual: 54k
Unemployment Rate: 9.1%
The absolute number of unemployed increased fom 13.747 million to 13.914 million. For the third month in a row the Labor Force Participation rate remained flat at 64.2%.
What does it mean?
American employment situation collapse.
Not only NFP lower than previous month, it is also lower than forecast, lower than the LOWEST economist prediction of 65k.
What happened after this announcement?
5 mins after announcement, YM correct -103 pts.
5 mins after announcement, EUR/USD correct -60 pips.
5 mins after announcement, GBP/USD correct -50 pips.
Both GBP/USD and EUR/USD has covered the "damage", while YM is still trading steadily north to try to cover its earlier loss.
And....
The US dollar continue to devalue...
Next support: 73.60, possibly may test double bottom 72.86.
Related: http://ayumi216.blogspot.com/2011/06/packed-with-economic-data.html
Reading: http://www.zerohedge.com/article/may-non-farm-payrolls-54k-below-consensus-165000-unemployment-rate-91
has been moving up steadily today after touching its daily initial shadow.
and now moving towards my target price of 1.4633.
I will to close this position before I go to bed. Before that, let us have a quick review of the major economic news today: NFP.
May-2011 Non Farm Payroll
Consensus: 194k (revised to 161k after ADP NFP) Previous 244k
Actual: 54k
Unemployment Rate: 9.1%
The absolute number of unemployed increased fom 13.747 million to 13.914 million. For the third month in a row the Labor Force Participation rate remained flat at 64.2%.
What does it mean?
American employment situation collapse.
Not only NFP lower than previous month, it is also lower than forecast, lower than the LOWEST economist prediction of 65k.
What happened after this announcement?
5 mins after announcement, YM correct -103 pts.
5 mins after announcement, EUR/USD correct -60 pips.
5 mins after announcement, GBP/USD correct -50 pips.
Both GBP/USD and EUR/USD has covered the "damage", while YM is still trading steadily north to try to cover its earlier loss.
And....
The US dollar continue to devalue...
Next support: 73.60, possibly may test double bottom 72.86.
Related: http://ayumi216.blogspot.com/2011/06/packed-with-economic-data.html
Reading: http://www.zerohedge.com/article/may-non-farm-payrolls-54k-below-consensus-165000-unemployment-rate-91
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