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  • The Employment Situation -- July 2021

    From bls.gov

    Total nonfarm payroll employment rose by 943,000 in July, and the unemployment rate declined by 0.5 percentage point to 5.4 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in local government education, and in professional and business services. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and ... (full story)

Added at 8:38am

  • Economy added 943,000 jobs last month, vs. estimate for 850,000

    From nbcnews.com

    The economy added 943,000 jobs in July, the Bureau of Labor Statistics said Friday, compared to analysts’ expectations of 850,000 positions added. The unemployment rate plunged to 5.4 from 5.9 percent. While likely to provide a shot of confidence for Wall Street, economists say Friday's data underscores the volatility that remains in the labor market and makes it harder for employers to forecast or invest — and could crimp consumer spending. “It does create some concern,” said James McCann, deputy chief economist at Aberdeen Standard Investments. “The fear that it's picking up on these frictions in the ... (full story)

all green data .......... very good for USD and structure pairs XXXUSD is trending down ......... bravo
All my analysis is based on Wyckoff Methods
Don't talk too soon. Wait for close of hour.
Total nonfarm payroll employment rose by 943,000 in July, and the unemployment rate
declined by 0.5 percentage point to 5.4 percent, the U.S. Bureau of Labor Statistics
reported today. Notable job gains occurred in leisure and hospitality, in local government
education, and in professional and business services.
All my analysis is based on Wyckoff Methods
Signs are for GBp and AUD to fall.
so uh, nzdusd turned green for a moment after the report, what a crazy market we live in L O L
Among the unemployed, the number of persons on temporary layoff fell by 572,000 to 1.2
million in July. This measure is down considerably from the high of 18.0 million in April
2020 but is 489,000 above the February 2020 level. The number of permanent job losers
declined by 257,000 to 2.9 million in July but is 1.6 million higher than in February
2020. (See table A-11.)
All my analysis is based on Wyckoff Methods
Be patient.
USD tapering soon
All my analysis is based on Wyckoff Methods
with such fantastic data the USD is still unable to fly !!! who is holding on !!!
EURGBP fall then EURUSD must fall too
All my analysis is based on Wyckoff Methods
They wait for Dow to open.
I smell short squeeze on all other pairs, easiest way to manipulate retailers who are long USD
Made a short position in GBPUSD. will see...
so, wht will happen with gold when Dow open ?
nfp strong so tapering will haunt all major against usd including gold, but nice lah for a bit gambling most doubled account
Hope everyone gets green pips
protect your trade by following moves on 5min if necessary
aww.. look at GOLD..
Quoting ongtl
aww.. look at GOLD..
gold is going to 176x and 175x soon
Jackson hole at the end of Aug will be fomc chance to talk about tapering, I guess and do not forget Aug 18 NZD time
Hope everyone gets green pips
margin call great again
Quoting swing77
margin call great again
Margin call for yourself? Too bad.
Quoting ongtl
aww.. look at GOLD..
look at SILVER too.. I guess the silversqueeze is done
Quoting ongtl
aww.. look at GOLD..
Mehnnn the nose dive
Make it Green
Quoting Bakker
{quote} Margin call for yourself? Too bad.
and you've got donnet of selling #USD
Attached Image (click to enlarge)
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but tapering seems to be working well for stocks? Dow is still in the green
I used to like big heavy drops from Dubstep, now ... I live for the simple things... like those massive drops that only gold makes dont fight the markets ride the markets!! Now await for the moment to come... Gold will head towards 2000 or 2500
Quoting swing77
you are the best one ...........like always
All my analysis is based on Wyckoff Methods
Market does what ever it pleases with USD any bad news USD is on a free fall any good news USD is on a free rise cad stand it ground and did not loss much on the bad news GBP did the same yesterday EUR is the worst hardly move
Quoting swing77
{quote} and you've got donnet of selling #USD {image}
No mam, I sold GBP and Aud as suggested, you need some glasses. See my comments.
Quoting swing77
margin call great again
And what about your margin call of the other day when boasting before the numbers with your long on dollar? A good trader doesn't get margin calls. This is not a gambling game, this is forex trading.
Gold continues to go down...
Quoting Bakker
{quote} And what about your margin call of the other day when boasting before the numbers with your long on dollar? A good trader doesn't get margin calls. This is not a gambling game, this is forex trading.
LoL im 16 years in forex.and i confirm you that forex is very nearly just a gambling like rullete betting on red(short) or black*long) and i always not use SL and leave account crashed and repeat.
because all these bastards brokers..banks are connected they decide where is a lot SL orders and they hit
Quoting hesron
all green data .......... very good for USD and structure pairs XXXUSD is trending down ......... bravo
Yea A great congratulations to all men I know that they are really traders here among 'hesron' and the few others ..have no time to tell story ..today is a good day
Quoting pridolfx
{quote} LoL im 16 years in forex.and i confirm you that forex is very nearly just a gambling like rullete betting on red(short) or black*long) and i always not use SL and leave account crashed and repeat. because all these bastards brokers..banks are connected they decide where is a lot SL orders and they hit
Hmmmm, mate, above quote, is a lie ! FOREX trading to be a successful its a pure product of pure calculation friends ...I am 13years old in this trading and full time ...
If you trade FOREX with that mindset 'that trading is gambling' you will fail even if you win you will still end up as a looser because that is your believes .... FOREX trading can be very difficulty if you don't have a successful mentor ... Woe to him who is a trader without a successful mentor yes! sorry but that is the bitter truth
Boom Boom Dollar
Quoting donroyalfx
If you trade FOREX with that mindset 'that trading is gambling' you will fail even if you win you will still end up as a looser because that is your believes .... FOREX trading can be very difficulty if you don't have a successful mentor ... Woe to him who is a trader without a successful mentor yes! sorry but that is the bitter truth
Yes Don,very true! My question is: Why would you want to trade at all if you reckon it's a gamble? Do you like loosing money? And there's always this S/L hunting story, its plain bull, there's a reason for every pullback, but if you don't know the psychology behind trading you're done, rather go and play golf.
Quoting donroyalfx
{quote} Yea A great congratulations to all men I know that they are really traders here among 'hesron' and the few others ..have no time to tell story ..today is a good day
Come on, you can open any chart any time of the day and tell where the retail stops = liquidity is.
Quoting Bakker
{quote} And what about your margin call of the other day when boasting before the numbers with your long on dollar? A good trader doesn't get margin calls. This is not a gambling game, this is forex trading.
You are being too gentle This place full of wanabees. Good - Nice folk but dont understand risk management.. A professional trader used to handling any kind of volume NEVER gets a margin call.
My bro and I were in OFS business for over two decades. I know no trader in our business has ever suffered a margin call. A colleague did have probs years ago with a CHF trade.. the im-famous reversal of capping the Swiss franc. Happily broker remained solvent and he won case in court.
Warning: A Dangerous Subversive: 1% of comments CoCed
DXY to the moon! AUD, EUR, GBP, … go to pre pandemic levels.
Quoting donroyalfx
{quote} Hmmmm, mate, above quote, is a lie ! FOREX trading to be a successful its a pure product of pure calculation friends ...I am 13years old in this trading and full time ...
if you 13 years in forex than you know what i want to tell. the fact is we retail traders are just little fishes when big banks are shark and they hunting us.no matter on charts and technical analyse. its just a question of m0ney. you try to enter with 10 million lots and you will create market always in your + way...
and thats the true and not lie!
Quoting RossEdwards
{quote} You are being too gentle This place full of wanabees. Good - Nice folk but dont understand risk management.. A professional trader used to handling any kind of volume NEVER gets a margin call. My bro and I were in OFS business for over two decades. I know no trader in our business has ever suffered a margin call. A colleague did have probs years ago with a CHF trade.. the im-famous reversal of capping the Swiss franc. Happily broker remained solvent and he won case in court.
I’m a local trader. Have worked with pro prop traders for years. Have seen many blow up and been asked to add more funds.

Go figure.
can somebody explain why the Total nonfarm payroll increase means USD is getting stronger? I mean, more jobs, more consumer spending, and isn't that inflationary?
Quoting ww3361
{quote} I’m a local trader. Have worked with pro prop traders for years. Have seen many blow up and been asked to add more funds. Go figure.
I really dont want to pursue this on a public forum or come across as know-it-all. But any oldtimer in the mainstream will confirm that as I said the whole business is full of wannabees / Come'nGos and that especially includes folk that class themselves as Prop-Traders.
Fx is a subzero sum game. Why would anyone want to play on a tilted table. ( Absolutely no disrespect.)
"Go figure? .." Fair comment. Our interest originated bcs it is an important hedge medium to safeguard cross currency investments.
So actually figured it a long time ago. And of all the Props and Gurus Fx stars, weve come across in two decades only three have a 100% annual profit record over that period. and sadly each quite different... so no single pattern, or secret formula to be deduced. Except perhaps simple measures like screen-time.
One a savant.. like hes got ESP .. and quite scary. cause in a decade of knowing him I still cant figure his calls and he still cant explain. A second .. an algo developer.. really modest, really nice guy, 90% automated, straight annual wins 15 years, for mainly institutional clients, and third, a total quant.. AI.. Big Blue.. all the trappings.. tries to explain his system every time we meet and looses me shortly after saying hello.. (shows how dumb I am).
But a guy thats become a friend..with same sense of humor and life take..so WTF. Lifes too short.
#Just some Thoughts
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting RossEdwards
{quote} I really dont want to pursue this on a public forum or come across as know-it-all. But any oldtimer in the mainstream will confirm that as I said the whole business is full of wannabees / Come'nGos and that especially includes folk that class themselves as Prop-Traders. Fx is a subzero sum game. Why would anyone want to play on a tilted table. ( Absolutely no disrespect.) "Go figure? .." Fair comment. Our interest originated bcs it is an important hedge medium to safeguard cross currency investments. So actually figured it a long...
Inflation is good when consumers can approach it and afford it. Inflation is bad when personal consumption is far out of reach. We need labor force to get back to pre pandemic levels because prior to corona and delta USD was amid a bull run. Things are getting better and technically back to normal, therefore USD has more or less picked up it's fumble. As more become employed, inflation will rise and the idea is to able to reach interest rates back to <2.00%. Hope this helps.
Legacy is not about Immortality
Vàng vẫn dễ bị tổn thương mặc dù đă điều chỉnh giảm về mức $ 1,740
Giá vàng tăng cao hơn vào thứ Ba, điều trị vết thương của phiên trước. Giá đă giảm xuống mức thấp nhất trong 5 tháng trước do dữ liệu việc làm tốt hơn mong đợi của Hoa Kỳ. Các chỉ số tăng lên làm dấy lên kỳ vọng rằng Fed có thể bắt đầu thắt chặt chính sách tiền tệ sớm hơn dự đoán.
Trên biểu đồ hàng ngày , chỉ báo Chỉ số Sức mạnh Tương đối (RSI) duy tŕ ở gần 30, cho thấy rằng người bán có thể đứng ngoài lề trong thời gian tới và đợi vàng điều chỉnh t́nh trạng bán quá mức của nó. Tuy nhiên, triển vọng kỹ thuật vẫn giảm với vàng nằm dưới ngưỡng kháng cự tĩnh.

Rào cản ban đầu nằm ở mức $ 1,750 (mức hỗ trợ cũ) trước $ 1,760 (mức tĩnh). Trong trường hợp vàng cố gắng đóng cửa vào ngày hôm sau, nó có thể đi vào giai đoạn củng cố và chờ đợi chất xúc tác cơ bản tiếp theo.

Mặt khác, $ 1,730 (mức tĩnh) sắp xếp là hỗ trợ đầu tiên và các khoản lỗ bổ sung đối với $ 1,700 (mức tâm lư) có thể được nh́n thấy nếu mức này không được giữ vững.

Tổng quan cơ bản
Vàng đang gặp khó khăn trong việc dàn dựng một đợt phục hồi thuyết phục sau cú lao dốc được chứng kiến trong đầu phiên giao dịch châu Á. Với dữ liệu mới nhất từ Hoa Kỳ xác nhận các điều kiện thị trường lao động đang được cải thiện, cặp XAU / USD bắt đầu xuống mức thấp hơn và lần cuối cùng được nh́n thấy giảm 1,5% trên cơ sở hàng ngày ở mức 1,736 đô la. Cục Thống kê Lao động Hoa Kỳ báo cáo hôm thứ Hai rằng số lượng việc làm trong ngày làm việc cuối cùng của tháng Sáu đạt mức cao mới là 10,1 triệu, vượt qua kỳ vọng của thị trường là 9,28 triệu. Trong khi đó, chỉ số US Dollar Index chuyển sang tích cực trong ngày và hiện đang đạt mức tăng nhỏ hàng ngày ở mức 92,90.
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