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  • ADP National Employment Report: Private Sector Employment Increased by 132,000 Jobs in August; Annual Pay was Up 7.6%

    From prnewswire.com

    Private sector employment increased by 132,000 jobs in August and annual pay was up 7.6% according to the August ADP® National Employment Report™ produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data of over 25 million U.S. employees to provide a representative picture of the labor market. The report details the current month's total private employment change, and weekly job data from the previous month. ADP's pay measure uniquely captures the earnings of a ... (full story)

Added at 8:22am

  • Private payrolls grew by just 132,000 in August, ADP says in reworked jobs report

    From cnbc.com

    Companies sharply slowed the pace of hiring in August amid growing fears of an economic slowdown, according to payroll processing company ADP. Private payrolls grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, the firm said in its monthly payroll report. The Dow Jones estimate for the ADP count was 300,000. The report had been on public hiatus through the latter part of the summer as the firm adjusted methodology and entered into a partnership with the Stanford Digital Economy Lab. “Our data suggests a shift toward a more conservative pace of hiring, possibly as companies try to ... (full story)

OMG ... why so bad .....
Follow price direction
Buy Gold
Very bad USD, Unexpected. EUR/USD will move like a rocket awiting for Big investor
USD/JPY = little bit sell
AUD/USD = Little bit buy
Junx FX Trading Return Today: na
It is negatively transitory good!
Sell gold all in
It's life let's live and enjoy
wow..USD is gold....Annual Pay was Up 7.6%. Private Sector Employment Increased by 132,000..Boom BOOM USD>.....112 on the cards
very bad for USD
USD/JPY sell
Gold buy
Dollar is not given up anytime soon. Its so strong
market react like nothing
Quoting hesron
OMG ... why so bad .....
It's about the math:

When you have to hire more staff at 7% higher wages you hold off hiring as long as possible.

The problem is this - companies like Amazon and Wal-Mart hired lots of people for their delivery services. They spent lots of $ training but now they don't need them cuz less business. Companies will hold until last quarter to start layoffs.
...because you never know - until you do!
Today is last day of the month. New candle start tomorrow. Today not much interesting moves
usd fill the gap an know going to big dump sell usd
buy gold and euro right time
Dollar holds for now
usd/jpy today night 137
euro/usd 1.01180
gbp/usd 1.17700
Read between the lines: "“Our data suggests a shift toward a more conservative pace of hiring, possibly as companies try to ... (full story)" All good.
"Don't Shoot Me I'm Only the Piano Player"
Historical low job added. Today is the right time to buy EUR/USD ahead of 75 bps rate hike of EUR.
The US economy is slowing big time, many companies announced hiring freezes and layoffs.
EURUSD bull trap?
instead of rising why has the eurusd started falling ??????
Quoting A.Jabbar
usd/jpy today night 137 euro/usd 1.01180 gbp/usd 1.17700
Whatever the reason is still bad the data ... but because the market is sideways, the price manipulation
Follow price direction
Quoting rashadali
EURUSD bull trap?
USD/EURO bull start know
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Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 1,177.0%
Quoting wan8700
Today is last day of the month. New candle start tomorrow. Today not much interesting moves
Time to sell S&P 500 big time from as tomorrow
Quoting hesron
Whatever the reason is still bad the data ... but because the market is sideways, the price manipulation
Negative growth. It is sign of weaken USD. Totally affect the US GDP.
Oh well ... it's natural if the sideways are completed ... buy eurusd
Follow price direction
Quoting Bakker
{quote} Time to sell S&P 500 big time from as tomorrow
i second you..september is when everything comes home to roost..not just the chickens
Carpe Diem
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Liquidity sweepers
Now i dont have food till next month which is several hours later
Attached Image (click to enlarge)
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Follow price direction
US30 futs and EUR/USD both on intra hour highs. Anyway, that was that, we move on. : )
"Don't Shoot Me I'm Only the Piano Player"
Today just buy USD. =)
It is not how many job openings there are that counts. Hell, cut the pay by half again and there will be millions more openings!

What counts is how few openings there are BECAUSE the jobs PAY A LIVING WAGE!!!!

We have a sad state of affairs here, to be sure. And it is not likely to get better when everyone (of the corporate elite and their complicit government statistic pushers) heralds the high count of non-living wage jobs they provide while they, at the top of the food chain, continue to get filthy rich........while the laborers under them get......

.......well, next to NOTHING!

So, let's all CLAP, CLAP, CLAP........for more of these meaningless bullshit statistics intended to deceive, mollify and get the real workers, the real producers, to move on......happy with what little they will ever have.
Quoting Ksth
Today just buy USD. =)
After hit the 139 USD/JPY will big fall. Wait and see.
It is absolute foolishness to believe that there will be no consequences to the ongoing impact of energy cost hikes around the Globe.
Each regions degree of impact will be based upon just how hard it gets hit by the anti Fossil fuel Green agenda implementation which has precipitated the whole affair.
Business confidence and hiring is relative to regional affects.

Flight to safe haven continues and the Political backlash is just starting against those who created current state of affairs. What is coming is quite real as people get hit squarely between the eyes financially.

Like when Mom said don't touch the Hot stove but you went ahead anyway, the only real education that lasts comes thru Pain. People are going to get real educated, really soon.

add: will make an interesting behavioral study as normalcy bias which political powers have counted upon for so long gets shattered.
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Wait for government data at Friday..
Quoting Romancan
very bad for USD USD/JPY sell Gold buy
You have much to learn
Master your mind. Master Trading.
USD/JPY looks bull end and will take a sell set up soon. I am waiting for big fall.
about that normalcy bias.
A person I have dealt with for more then 25 years basically laughed at me when some months back I said to him, you are not getting Red pilled are you?
Last week it finally hit him, how badly he has been lied to by political status quo.
He is an Honest person, which lead him to at last see the corruption which is everywhere.
Takes a great deal to overcome normalcy bias, but markets are there and so is general public.
is USG/JPY closed below strong resistance139 after two times rejected?
Close all usd trade.. put money in pocket..
Quoting KareemAliFx
{quote} You have much to learn
tech then if you know better
crush a suger
Quoting Ftmofx
is USG/JPY closed below strong resistance139 after two times rejected?
You should probably look at the monthly candle close. UJ is bullish, 147.50 overall target.
Quoting sfrankenfx
{quote} You should probably look at the monthly candle close. UJ is bullish, 147.50 overall target.
Or if fail break up or below close 139 today (Tripple top) USD/JPY will fall to 135.500 extended to 132.550
Quoting Ftmofx
{quote} Or if fail break up or below close 139 today (Tripple top) USD/JPY will fall to 135.500 extended to 132.550
Welp, we have the bullish break and close now. up she goes. continuation of trend
Quoting sfrankenfx
{quote} You should probably look at the monthly candle close. UJ is bullish, 147.50 overall targets.
Or if fail break up or below close 139 today (Tripple top) USD/JPY will fall to 135.500 extended to 132.550

As USD/JPY broke up major resistance 139 and 139.383, now rising target 147 with continuation trend. After break, we have seen a strong buy in the Asian season.
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