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  • The Employment Situation -- August 2022

    From bls.gov

    Total nonfarm payroll employment increased by 315,000 in August, and the unemployment rate rose to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, health care, and retail trade. 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 statistical methodology used in these two surveys, see the ... (full story)

Added at 8:39am

  • Payrolls rose 315,000 in August as companies keep up hiring pace

    From cnbc.com

    Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday. The economy added 315,000 jobs for the month, just below the Dow Jones estimate for 318,000. The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expectations and tied for the highest level of the year. Wages continued to rise, though slightly less than expectations. Average hourly earnings increased 0.3% for the month and 5.2% from a year ago, both 0.1 percentage point below estimates. ... (full story)

UJ 200, EU 0.90 and GBPUSD 1.000....Boom Boom USD
bad data for usd
big downfall come
Hmm, interesting.
unemployment record high
This good data is enough to hold bull USD/JPy as it is a strong uptrend
Nfp increase, unemployment increase, less pay per hour should sigal weaker greenback
reversal? for those waiting for sell? or temporarily sell then back to up again??
Junx FX Trading Return Today: na
Good chance to buy usd
Quoting A.Jabbar
unemployment record high
Record high was 10%, we are at 3.7%. You must be on crack
Oh yeah, USD bulls about to take over again XD
Quoting sfrankenfx
Oh yeah, USD bulls about to take over again XD
Ya I am in with big position
Investors are bet on USD/JPY 200 pips profit traget
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DXY perfect rejection off 109 level. Now we wait for next target- 111 and then 113
go peso go!
Follow the trend. Buy USD!
USD/JPY runs by its inherent strong uptrend. Added 315,000 jobs are boosting data any economy.
I'm not so sure. Lower highs, lower lows since beginning of 2017 for USD/CHF!! A move higher in May, June and July heavily rejected.
Get ready for a freaky Friday USD plummet soon
It's a big game.
PATON All Time Return: 0.9%
Quoting keyaForex
UJ 200, EU 0.90 and GBPUSD 1.000....Boom Boom USD
USD down to 0.
Everyone can see the chart, but only a few can actually read it.
usd/mxn short is good so far. get that swap too. happy weekend guys
Quoting funzodundee
Get ready for a freaky Friday USD plummet soon
Totally agree.
Quoting OnlineAddict
{quote} USD down to 0.
So you've been saying all these weeks/months. You've been wrong countless times now. Why keep fighting trend
in conclusion, trend is everything because every central bank will fight with all its might to maintain the trend that has been made ... although many market participants want to manipulate prices ... ECB and FED remain on their principles
Follow price direction
A good sign dollar is going to fall; just watch the usd/zar. Some of you might think this is nonsense however.
Quoting sfrankenfx
{quote} So you've been saying all these weeks/months. You've been wrong countless times now. Why keep fighting trend
I am forecasting this years and decades into the future...USD will be eventually worthless.

What trend? We are in a range for weeks, easy money for both bulls and bears.
Everyone can see the chart, but only a few can actually read it.
Each central bank will fight for the interests and needs of their respective countries, because it concerns the life of one country, not a group of people with interests
Follow price direction
Quoting OnlineAddict
{quote} I am forecasting this years and decades into the future...USD will be eventually worthless. What trend? We are in a range for weeks, easy money for both bulls and bears.
What does that matter though? Majority of us are day traders and don't hold positions for years and years. Also this is creating predictions, which we know is dangerous to make. Trade the data in real time, what information is given infront of us to make the best possible decisions so that we can profit daily/weekly.
Quoting OnlineAddict
{quote} USD down to 0.
Wait man. This correction is for the Hawkish move. USD/JPY has inherent power to control soon because it is a strong uptrend. Only for average hourly rate will not affect the USD, even the trend. on the other hand, the yen is a devaluation currency This RSI weekly bulish cycle will complete in 147 then it will fall.
Quoting Ftmofx
{quote} Wait man. This correction is for the Hawkish move. USD/JPY has inherent power to control soon because it is an strong uptrend. Only for average hourly rate will not affect the USD, even the trend. This cycle will complete in 147 then it will fall.
UJ is completely out of the USD basket now...its playing by its own rules, so I don't follow that anymore. To me yen is now on par with exotic currencies like the turkish lira or venezuelan bolivar. Japan is over, time to move on to others.
Everyone can see the chart, but only a few can actually read it.
if you don't recognize the trend of a central bank then don't live in that country, create your own country and live in peace there
Follow price direction
I don't understand when it is time to buy USD, most of people sell it and it is time sell, they but it hahahaha
USDJPY is going to go down as there is a big bearish wedge on the top of it which shows exhaustion
Quoting rehmatkhan00
I don't understand when it is time to buy USD, most of people sell it and it is time sell, they but it hahahaha
You have much to learn
Quoting rehmatkhan00
USDJPY is going to go down as there is a big bearish wedge on the top of it which shows exhaustion
Wedge has broken up at 140
Quoting sfrankenfx
{quote} You have much to learn
All you have to do is read the comments on this website to understand why retail never wins. Pretty entertaining tbh.
Quoting sfrankenfx
{quote} You have much to learn
I didn't mean to hurt someone's feeling but I will say and share what I see on the chart. For now it shows that USDJPY will have to do some correction and this correction may lead reversal as the fundamentals are not good enough from USA
Quoting Ftmofx
{quote} Wedge has broken up at 140
brother I think you are talking about flag which USDJPY broke at 139
Quoting rehmatkhan00
{quote} I didn't mean to hurt someone's feeling but I will say and share what I see on the chart. For now it shows that USDJPY will have to do some correction and this correction may lead reversal as the fundamentals are not good enough from USA
As i said, you have much to learn.
Quoting sfrankenfx
{quote} As i said, you have much to learn.
ok brother we will see who is right here hahahha
Quoting rehmatkhan00
{quote} I didn't mean to hurt someone's feeling but I will say and share what I see on the chart. For now it shows that USDJPY will have to do some correction and this correction may lead reversal as the fundamentals are not good enough from USA
The bears will be right... this time. Right? Right??? Riiiiiight.
Quoting rehmatkhan00
{quote} ok brother we will see who is right here hahahha
Yen has no power, no important role at the moment. Why fall usdJPY?
Quoting Ftmofx
{quote} Yen has no power, no important role at the moment. Why fall usdJPY?
brother I don't understand why the other person was triggered by my comment actually what I am trying to say is that it will do some correction and after it may resume its up trend but the correction can be some time so deep that it can be flip into reversal. Anyway If you say the JPY is weak, in my opinion the economical condition in USA is also not good that's you have to prepare yourself for both situations
Quoting rehmatkhan00
{quote} brother I don't understand why the other person was triggered by my comment actually what I am trying to say is that it will do some correction and after it may resume its up trend but the correction can be some time so deep that it can be flip into reversal. Anyway If you say the JPY is weak, in my opinion the economical condition in USA is also not good that's you have to prepare yourself for both situations
CB consumer confidence is increased, historical jolt job is an open record, ISM manufacturing PMI is increased, Average earning is increased. Nonfarm payroll employment increased by 315,000 in August which is more than forcust. Stong uptrend indicates a good sign for the economy. Why do you think the economical condition is bad? You need proper study for yourself.
Quoting sfrankenfx
{quote} You have much to learn
lol wonder who you got this from
Master your mind. Master Trading.
Quoting Ftmofx
{quote} CB consumer confidence is increased, historical jolt job is an open record, ISM manufacturing PMI is increased, Average earning is increased. Why you think economical condition is bad? You need prope study for youself.
leave everything bro please tell me if you offer any kind of tuition in forex? I am really willing to learn from you lol
Quoting rehmatkhan00
{quote} leave everything bro please tell me if you offer any kind of tuition in forex? I am really willing to learn from you lol
You have no evidence of the US's bad economy.
Quoting Ftmofx
{quote} CB consumer confidence is increased, historical jolt job is an open record, ISM manufacturing PMI is increased, Average earning is increased. Stong uptrend indicates a good sign for the economy. Why do you think the economical condition is bad? You need proper study for yourself.
Average earnings increased? You then need to tell FF their reporting is incorrect.
Quoting Ftmofx
{quote} You have no evidence of the US's bad economy.
for your knowledge bro I don't trade fundamentals rather I follow price action
Quoting Bakker
{quote} Average earnings increased? You then need to tell FF there reporting is incorrect.
Read this line in below article of FF
Wages continued to rise, though slightly less than expectations. Average hourly earnings increased 0.3% for the month and 5.2% from a year ago

Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday. The economy added 315,000 jobs for the month, just below the Dow Jones estimate for 318,000. The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expectations and tied for the highest level of the year. Wages continued to rise, though slightly less than expectations. Average hourly earnings increased 0.3% for the month and 5.2% from a year ago, both 0.1 percentage point below estimates. ... (full story)
Quoting KareemAliFx
{quote} lol wonder who you got this from
Bro kareem please ignore that fellow. He only learn buy usd..
The 2 year and 5 year yield still above the 10 year yield. Big red flag waving!
Quoting Ftmofx
{quote} Read this line in below article of FF Wages continued to rise, though slightly less than expectations. Average hourly earnings increased 0.3% for the month and 5.2% from a year ago Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday. The economy added 315,000 jobs for the month, just below the Dow Jones estimate for 318,000. The unemployment rate rose to 3.7%, two-tenths of a percentage...
Sorry, what I should have said is that it came in below expectations.
USD/JPY is still uptrend. No change in his momentum.
USD is falling against the major currencies.
Buy usd until you blow your account
finally fed/ecb make intervention
Follow price direction
A nice USD correction is due. Fluctuation happens!
A 315K job added in US, doesn't mean the economic is growing but, the employment network is down from previous month, when you compare non employment rate is rising, the USD currency will start to loose momentum starting next week for 18days USD will be weak vs EUR.
Quoting Entnenenga
A 315K job added in US, doesn't mean the economic is growing but, the employment network is down from previous month, when you compare non employment rate is rising, the USD currency will start to loose momentum starting next week for 18days USD will be weak vs EUR.
You have to need to study more.
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