On Friday, 01-08-10 at 8:30 AM ET, the Bureau of Labor Statistics released the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.
Also 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
These additional reports should not greatly affect the currency market.
I did a “preview” post for this months release, 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 = -11K revision = -11K
Forecast = -3K
Actual = -85K
USD Unemployment Rate – Stats
Previous = 10.0%
Forecast = 10.1%
Actual = 10.0%
Here is how I was set up up and the results:
USD-6-30AM-01-08-10
Looking for a 125K difference
Actual > Forecast = Good for USD
USD Non-Farm Employment Change
——actual———-forecast———-previous
________________-3K________-11K
_____-85K_______-3K ________4K
out at -128K or lower – SELL GBP/USD
out at 122K or higher – BUY GBP/USD
Bad – “actual” came out lower then the “forecast” by 82K
Bad – “actual” came out lower then the “previous” by 89K
USD Unemployment Rate
_____10.0%_______10.1% ________10.0%
0.2 diff. watch for conflict
Good – “actual” came out lower then the “forecast” by 0.1%
There was a little conflict between these 2 reports – but not enough.
Here are the charts:
a one minute EUR/JPY chart
This EUR/JPY currency pair spiked down/up 1st minute about 100 PIPS/ 53 PIPS
Ranged
a one minute EUR/USD chart
This EUR/USD currency pair moved up for 26 minutes about 123 PIPS – right direction
a one minute GBP/JPY chart
This GBP/JPY currency pair spiked down/up 1st minute about 125 PIPS/ 50 PIPS
Ranged
a one minute GBP/USD chart
This GBP/USD currency pair moved up for 26 minutes about 100 PIPS – right direction
3 trades – 2 were losers – one was a winner
a one minute USD/CAD chart
This USD/CAD currency pair moved down for 21 minutes about 55 PIPS – right direction
a one minute USD/JPY chart
This USD/JPY currency pair spiked down/up 1st minute about 100 PIPS/ 32 PIPS
moved up for 4 minutes about 25 PIPS – wrong direction
moved down for next 21 minutes about 58 PIPS – right direction
The next scheduled release of the two major reports is on Friday, 02-05-10 at 8:30 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
2 Trackbacks
[...] did post a “follow up” of these reports, click here to see what [...]
[...] did a “follow up” post for last months release, click here for a [...]