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NFP

Bobbys Corner-Open Market-Sept.2.2011

Good Morning:

Investors and traders worldwide will be awaiting this morning’s release of US employment data at 8:30 AM EST.

The US has a national holiday on Monday-Labor Day.  Most US markets will be closed-but the FX market will be up and running.

Bobbys Corner-Open Market-Aug.5.2011

Good Morning:

FX markets are very nervous ahead of this morning’s NFP and employment data.
The consensus is for non Farm Payrolls to be up 85K.  This may not be enough to have the 9.2% unemployment rate fall.

US Employment data weaker job growth

Non-Farm Payroll: 103k vs 71k (was 39K)
Private Sector Jobs: 113k vs 79k (was 50K)
Unemployment Rate: 9.4 vs 9.8 (was 9.8%)

The number is worse from a jobs standpoint. The prior months were revised. The Unemployment rate fell dramatically as workforce shrank by around 260,000.

USDJPY went down to test 82.87 and bounced.

fxdd-pic-1652

Bobbys Corner-Open Market-Jan.7.2011

bob-slade-forex-trading-8-150x200Good Morning:

In what is normally a quiet session prior to US employment data (due out at 8:30 AM today)-the Euro lost ground to the USD as data from the EZ (Retail Sales,Trade Balance and GDP) missed expectations.

US employment data is expected to show an increase in jobs-which is adding to the markets optimism that the US economy is gaining traction and looks to gets stronger in 2011.  Hopefully this optimism will also be shared by the business community-thus resulting in new hiring.

US Unemployment Rate is the focus today. Be aware. Be prepared

 

US Unemployment Rate is the focus today.  For the key technical levels to watch through the number and why, click on the following link. Be aware. Be prepared

US Employment the focus now. Dollar strengthens on weaker EURO

We have been through 4 central bank meetings with RBA raising, US lowering and ECB and BOE staying unchanged. The US had their elections. Canada released their unemployment. It is now time for the US Employment. For a review, and the key levels to watch, click on the following link.

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