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  • U.S. economy creates 115,000 jobs in April

    From marketwatch.com

    Read Full Story at marketwatch.com

    The U.S. economy added 115,000 jobs in April as hiring slacked off for the second straight month, the government reported Friday. Economists surveyed by MarketWatch expected a 163,000 increase. The unemployment rate, meanwhile, dipped to 8.1% from 8.2%, as nearly 350,000 people dropped out of the labor force. The average work week was unchanged at 34.5 hours, while average hourly earnings rose 1 cent to $23.38. The increase in employment in March was revised up to 154,000 from an initial reading of 120,000. The gain in February was revised up to 259,000 from 240,000

    • jajano
      jajano's Avatar

      404 posts
    • LOL
      EU and GU will FLY to the sky!!!

    • Guest

      IP XX.XXX.54.29
    • good

    • Guest

      IP XX.XX.130.46
    • Are you sure?!

    • rankinchopra

      49 posts
    • thank god - i was having 30 long @144-- lots of stress relieve

    • Guest

      IP XX.XX.238.221
    • i am waiting

    • PQH.invest

      18 posts
    • Let the market determine. We will know the winning force in hours.

    • Forexprofit
      Forexprofit's Avatar

      214 posts
    • unemployment is down with 0.1% forget about sky rockeing

    • prast

      1 posts
    • I think the data was mixed, and the impact is still uncertain....

    • williamlee

      173 posts
    • just hope dont wipe out my 40pip+ this week profit ==''

    • e_bon
      e_bon's Avatar

      18 posts
    • Yesss!!
      Today I'm dancing with the market!!!
      :-)
      Love this day...

    • Guest

      IP XX.XXX.240.60
    • gold and eu both sooo lazy ugh

    • Rana Shahzad

      72 posts
    • Non farm employment was almost worst last month & what can one say about this release. very very poor indeed. Eur will recover the losses tonight

    • jonahky7

      4,531 posts
    • it needs to get thru .31660 and .31882 to be on the upside before the fall this weekend. if it can't get thru this 2 levels then be very careful on your long.

      I won't long for the weekend, even it might spike up cos shortie sarkozy ain't coming back unless there is a miracle in France.

    • Guest

      IP XXX.XX.29.31
    • i take short for USD/CAD and get 18 pips....not bad

    • Guest

      IP XXX.XXX.36.37
    • Eu slightly up a little bit due to Usd stable

    • euannaude

      47 posts
    • This number has already been factored in the next pivot point is around 1.3 after all the ups and downs have settled in the next 90 min

    • Guest

      IP XXX.XX.222.139
    • us dollar getting stronger????

    • madno2

      17 posts
    • Gold and Silver just have spikes. Will they go up now?!

    • Guest

      IP XX.XXX.33.171
    • wait to see s&p 500

    • str8bullish

      187 posts
    • Quoting williamlee
      just hope dont wipe out my 40pip+ this week profit ==''
      LOL... I was selling AUD against the USD and the JPY...

    • jonahky7

      4,531 posts
    • keep on dreaming - am sure some idiot analyst will start farting O we hit 2 double bottom and we are heading north from here, lmao, very soon some idiot will fart like this.

    • williamlee

      173 posts
    • Quoting str8bullish
      LOL... I was selling AUD against the USD and the JPY...
      take how much profit in this pair?

    • Kayoubi
      Kayoubi's Avatar

      79 posts
    • if avg hourly wage is $23.38, why would people get so angry about raising minimum wage from the current $7.25? If you don't want the waitress to spit in your food then pay them a living wage.

    • williamlee

      173 posts
    • i see back stock market data is no good.. take SL at eur/usd gbp/usd guys

    • joshjoman

      1 posts
    • long = now i got +30 pips for US/CAD.... its my lucky day....

    • Tourada

      179 posts
    • I`m out , was long AUD, GBP,EUR 10 minutes ago

    • dr khan

      14 posts
    • bull will win gold and eur increase wait for 2 hrs you will see

    • jaygee

      1,994 posts
    • sell eur/usd 3130 avg long 3149 have a great weekend!

    • Guest

      IP XX.XX.38.206
    • Heres the important part of the report... 350K people "dropped out" of the work force. That explains the drop of 8.2 to 8.1 unemployment. They aren't being counted any more! This is a terrible report for the health of employment.

    • Guest

      IP XX.XXX.166.44
    • Does any one know who is buying euro against Usd??There is no rational explanation for Euro to raise against Usd.What's going on.US economy is mucj more stable than the one in Europe...It is so frustrating....

    • e_bon
      e_bon's Avatar

      18 posts
    • Supply & Demand Method :

      Just Open your 1H chart E/U.
      You will see where is the price actually stays... (this 3 days...)
      :-)

      IMHO : US & EU are have same condition...

    • Guest

      IP XXX.XXX.172.50
    • QE3 will be just a dream, coz Ben focus to make low unemployment. And the next trend USD could be stronger. Wait n see

    • explorer101

      358 posts
    • Quoting Guest
      Heres the important part of the report... 350K people "dropped out" of the work force. That explains the drop of 8.2 to 8.1 unemployment. They aren't being counted any more! This is a terrible report for the health of employment.
      lol... seems you forgot your elementary mathematics..

      the statement is clear: "The unemployment rate, meanwhile, dipped to 8.1% from 8.2%, as nearly 350,000 people dropped out of the labor force."..

      it implies that 350k people comprise the 8.1 unemployment rate...they are accounted for..
      Previous: jobless: 465K Jobless = 8.2%
      and US created a net of new jobs ( total hired- total fired) = 115k..ergo 350k jobless= 8.1% unemployment

      the question now is the pace of sustaining in HIRING new jobs which would surpass the number of those who lose jobs...

      Hehhehe...i got great pips from the dip..Euro is parasite..it goes down 2 steps and rises with a ladder..

    • Guest

      IP XX.XXX.166.44
    • Dear explorer101 Euro is crap..It was only invented for Germany and France.No that Europe is collapsing Euro will fall at last...I wish it was never created..It ruinned our lifes in Greece. Spain, Portugal,Italy and much more, will suffer under Angela's will to make Germany stronger than any other country in Europe...No elections will show that we don't wan't them..Greek drachma how much I miss you.....

    • str8bullish

      187 posts
    • Quoting williamlee
      take how much profit in this pair?
      WILLIAMLEE ... At least 85 pips on each but more like a 100 for the aUD agaisnt the yen ... plus i aslo sold the NZD agaisnt the USD... I wish i would have sold against the yen but i will wait for the weekly candle to close ... There may be another opportunitu for next week... I also sold the Dow and the Nikkei for at least 60 points each

    • Boby

      102 posts
    • Pending order Sell EU 1.31775
      Take at limit about 23 minutes ago on M1 lol

      Have a nice week-end!

    • str8bullish

      187 posts
    • WILLIAMLEE... I ve been positioned on the trades since yesterday and i just added more leverage as the news came... I read the RBA statement and their forecast and i knew the AUD will be sold across the board

    • Guest

      IP XX.XXX.240.139
    • y the hell eu falls???

    • Guest

      IP XXX.XXX.39.18
    • Why the euro continues to worsen ?

    • mikeatrader

      2 posts
    • Explorer 101- I think you are confused, there are millions out of work. Not 350k. The 350k was removed from the math. Thus the pool of people shrunk, thus there is a higher % of people working. Just as if you removed all the unemployed from the equation you would have 100% employment 0% unemployed.

    • Forexprofit
      Forexprofit's Avatar

      214 posts
    • Quoting Forexprofit
      unemployment is down with 0.1% forget about sky rockeing
      I told you guys - things are going down for sure next week

    • mikeatrader

      2 posts
    • the Euro is getting worse because the Stock market and indices are tanking- Money has to go someplace so it is fleeing to the $ "flight to quality" Look at CL.

    • jonahky7

      4,531 posts
    • Thank you for the southern fried chicken pips - it's expected!! Down 42 pips, up 65pips and down 80 pips = 197 total today - yippee!

      It's not becos of stock - stock is tumbling becos of France fear factor. I've told folks earlier to be careful at long. If 1.3166 and 1.318 can't be broken will be hell and that's where some smarties shorted, well done. This may sideway trend at 1.3086/9 till then end of today, happens the same for the past few NFP sessions.

      Becareful Sunday/Monday will be a bloodbath if Hollande wins.

    • Guest

      IP XXX.XXX.159.54
    • Come on Fed and ECB. We need QE3 and LTRO 3 please. Thank you.

    • oneightwenty
      oneightwenty's Avatar

      532 posts
    • Quoting jonahky7
      Thank you for the southern fried chicken pips - it's expected!! Down 42 pips, up 65pips and down 80 pips = 197 total today - yippee!

      It's not becos of stock - stock is tumbling becos of France fear factor. I've told folks earlier to be careful at long. If 1.3166 and 1.318 can't be broken will be hell and that's where some smarties shorted, well done. This may sideway trend at 1.3086/9 till then end of today, happens the same for the past few NFP sessions.

      Becareful Sunday/Monday will be a bloodbath if Hollande wins.
      Have some 50 pips in my pocket too. Turned out to be a good day after all.
      Have a nice weekend!

    • jonahky7

      4,531 posts
    • Well done oneightwenty! The bulls were quite strong earlier too. And the result today will hopefully crack some range trading. Same pattern as for the past NFP, few lines to crack if bear is still around on Sunday .3075 .30530

    • oneightwenty
      oneightwenty's Avatar

      532 posts
    • Quoting jonahky7
      Well done oneightwenty! The bulls were quite strong earlier too. And the result today will hopefully crack some range trading. Same pattern as for the past NFP, few lines to crack if bear is still around on Sunday .3075 .30530
      With this much political turmoil going on in the EZ i'm expecting to see some more of the bear.

    • spaizkadett

      267 posts
    • Quoting jajano
      LOL
      EU and GU will FLY to the sky!!!
      Don't you feel like a fool now

    • str8bullish

      187 posts
    • Quoting jonahky7
      Thank you for the southern fried chicken pips - it's expected!! Down 42 pips, up 65pips and down 80 pips = 197 total today - yippee!

      It's not becos of stock - stock is tumbling becos of France fear factor. I've told folks earlier to be careful at long. If 1.3166 and 1.318 can't be broken will be hell and that's where some smarties shorted, well done. This may sideway trend at 1.3086/9 till then end of today, happens the same for the past few NFP sessions.

      Becareful Sunday/Monday will be a bloodbath if Hollande wins.
      U right, Jonahky, Hollande said he will impose a 75% tax on income above a million Euro, he talked about going to war with the financial institutions, imposing a financial transaction tax and renegotiating the EU pact... He is up like 10% on the polls... This is gonna be crazy

    • Guest

      IP XXX.XX.165.191
    • offcourse bad for euro... see how much it dipped just now.

    • explorer101

      358 posts
    • thanks Firday...

      EuroGBP and AUDUSD..made my day...!
      350pips this week..

      Bloodbath on Sunday evening!

    • dftrades

      43 posts
    • The USD is still the Bride of the market for now

    • Guest

      IP XXX.XX.142.160
    • Us govt cooking the numbers for an election year.If you can't see that the US is headed for a gigantic fall you should start reading some non mainstream media with true fed stats.

    • Gaaikema
      Gaaikema's Avatar

      372 posts
    • Quoting jonahky7
      it needs to get thru .31660 and .31882 to be on the upside before the fall this weekend. if it can't get thru this 2 levels then be very careful on your long.

      I won't long for the weekend, even it might spike up cos shortie sarkozy ain't coming back unless there is a miracle in France.
      Well predicted buddy (though I don't get the spike up comment as no shorty presently equals south). Good weekend!

    • williamlee

      173 posts
    • Quoting Guest
      Why the euro continues to worsen ?
      since when the euro zone got better? it only downturn since i invest forex.

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