A downward revision of 1 million jobs would reduce employment creation to 1.6 million jobs for the year, from 2.6 million, said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York.
“That’s why I think that the market is still pricing in about a 25% chance of a 50-basis-point cut in September,” Chandler said. “People thought the Fed was behind the curve in raising rates, and now many people think the Fed is behind the curve in cutting rates.”
ahhh … the fear of getting clobbered and eaten by nigel jubbs
the uncertainty of the strenght and ferociousness of the bulls’ mood of some trying to p!ss on their parade
by trying a short for under 1.11
Yesterday I posted (factually per Reuters) that hundreds of millions of individual social security and sensitive data had been hacked and sold on the black market in the dark web in recent weeks. Almost a billion actually. The place to go to see if your data has indeed been hacked and sold is https://npd.pentester.com/.
(IF) UsdJpy is to stall on the sell side today it would be around 145.60, if not then 145.20/30 area and you could hit a home run on a retrace. The bias is short so it’s a technical risk play.
I could say something egomaniacal like “Euro is now officially a sell” but that would be an absurdly arrogant means of verbiage. I wonder how many of them said something almost verbatim this morning in other forums. When a CTA, I learned to be more realistic and responsible than that with one’s language.
There is zero reason to be long UsdJpy today unless some unusual dominant fundamental or market activity condition suddenly arises. Eu metrics are dominant on the buy side in some metrics but there is clear positioning in other metrics on outside months which shows sell side interest building so current levels are producing a pivot level as I type. When this happens usually a sustained shift takes place lasting for one week minimum.
Bloomberg – Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.
Has the FED has become a veiled political arm and not a FED? Many are more than satisfied that is the case. Regardless, the hidden figures alters the interest rate outlook and the presents the likelihood they are behind the curve in reducing rates which ultimately will cause highly chaotic economic results for quite some time.
I do not know why my charts sometimes change the high/low. Now it is showing 1.1134 on a weekly (was showing 1.1137) but I will always go for the “50” level as a key one to watch..
Brief spike just now through 1.11 sets this as the pivotal level to watch (options level?) as that can often lead to being a top.
I do not know why my charts sometimes change the high/low. Now it is showing 1.1134 on a weekly (was showing 1.1137) but I will always go for the “50” level as a key one to watch..
Spike just now through 1.11 sets this as the pivotal level to watch (options level?)
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