- This topic has 9 replies, 5 voices, and was last updated 5 years, 5 months ago by
ThePitBoss.
- AuthorPosts
- 04 Aug '17 at 11:32 am #10907
TradersCom
Keymaster[article]113[/article]
04 Aug '17 at 4:56 pm #10908ThePitBoss
ParticipantStrong report for the Fed Hawks – Bullard will find a reason not to like it. Wages as expected which saw the dollar run. 50 against yen and Euro, 70 against the pound
04 Aug '17 at 4:57 pm #10909Helmholtz Watson
ParticipantTrump liked it and was on it pretty quick…
Donald J. Trump Verified account
@realDonaldTrumpExcellent Jobs Numbers just released – and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!
5:45 AM – 4 Aug 201704 Aug '17 at 5:04 pm #10911Assistanc3
Participant04 Aug '17 at 5:41 pm #10914Helmholtz Watson
ParticipantUSD bid – strong move there against CAD – been due after such long run
04 Aug '17 at 5:44 pm #10915CautiousInvestor
Keymaster^^^ Thanks for all details on JOB#s …. The GLOOMERS & DOOMERS, metal investors, FAZ/TZA triple leverage shorters, DRYS/DCIX investors, and all others heading for bunkers are experiencing the opposite of today’s rally cry – lol 😉 🙂
04 Aug '17 at 5:45 pm #10916Helmholtz Watson
ParticipantUSDCAD got momentum in a climb above yesterday’s high of 1.2618 – best level since July 19. Impressive given the Canadian jobs report was much strong +10.9K headline, unemployment rate fell to 6.3% from 6.5%; that’s the lowest since October 2008.
Standout is 35.1K full time jobs created with a net loss of 24.3K part time.
04 Aug '17 at 8:50 pm #10920Assistanc3
ParticipantCanadian dollar got whacked on the higher trade deficit too
04 Aug '17 at 9:01 pm #10924ThePitBoss
ParticipantGood point that can get lost in all the NFP hoopla
07 Aug '17 at 2:30 am #10953ThePitBoss
ParticipantGoldman Sachs take on the NFP report:
– Non farm payrolls reflecting broad-based growth across industries
-Our Fed probabilities unchanged, with a cumulative probability of 60% for another hike by the December meeting
– Solid growth in manufacturing jobs
– Modest rise in construction employment
– Unchanged mining and logging payrolls
– Employment growth in private service-providing industries accelerated to a 10-month high
– Retail employment was soft for the second month (+1k) but nonetheless remained firmer than the outright declines seen in each of the previous four months
– The breadth of job growth was particularly encouraging
– Broader U6 rate remained unchanged at 8.6%, as a decline in the share of workers on part-time schedules for economic reasons was partly offset by an increase in the share of marginally attached workers
-Our Q2 wage tracker – which distills signals from several wage measures – held steady at 2.3%[/li] - AuthorPosts
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