On Friday, 12-04-09 at 8:30 AM ET, the Bureau of Labor Statistics released the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.
These was released along with 4 other economic reports:
USD Change in Manufacturing Payrolls
USD Average Hourly Earnings (MoM)
USD Average Hourly Earnings (YoY)
USD Average Weekly Hours
I am not sure how these additional reports affected the currency market.
I did post a “preview” of these reports on Thursday, 12-03-09, click here for a review.
Here is how the reports were set up for this month and the results:
USD Non-Farm Employment Change – Stats
Previous = -190K revision = -111K
Forecast = -119K
Actual = -11K
Good – “actual” came higher then “forecast” by 108K,
Good – higher than “previous” by 179K and higher then “previous” revised by 100K.
USD Unemployment Rate – Stats
Previous = 10.2%
Forecast = 10.2%
Actual = 10.0%
Good – lower then “forecast” by 0.2%, lower then “previous” by 0.2%
Overall, the two reports which have the greatest impact were good for the USD.
Here are the charts:
a one minute EUR/JPY chart
This EUR/JPY currency pair spiked up for 2 minutes about 110 PIPS -
small move down next 3 minutes about 30 PIPS -
small move up next minute about 30 PIPS.
a one minute EUR/USD chart
This EUR/USD currency pair move up 1st 3 minutes about 28 PIPS- wrong direction -
move down the next 30 minutes about 150 PIPS – right direction.
a one minute GBP/JPY chart
This GBP/JPY currency pair moved up in 44 minutes about 160 PIPS
a one minute GBP/USD chart
This GBP/USD currency pair moved down in 32 minutes about 110 PIPS – right direction.
Entered 3 trades with this currency pair. Two were winners and one was a very small loss.
a one minute USD/CAD chart
This USD/CAD currency pair moved down 1st 3 minutes about 44 PIPS – wrong direction
moved the next 30 minutes about 80 PIPS – right direction.
a one minute USD/JPY chart
This USD/JPY currency pair moved up in 33 minutes about 142 PIPS – right direction!
The next scheduled release of the two major reports is on Friday, 01-08-10 at 8:30 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
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