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  • The Employment Situation -- November 2022

    From bls.gov

    Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing. 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 ... (full story)

Added at 8:39am

  • US adds 263,000 jobs in November as unemployment rate stays at 3.7%

    From theguardian.com

    The US added 263,000 jobs in November, the Labor Department announced on Friday, another strong month of jobs growth. The unemployment rate remained at 3.7%, close to a 50-year low. Employers hired 261,000 new positions in October and 263,000 in September and the latest figures show hiring has remained resilient despite rising interest rates and the announcement of a series of layoffs at technology and real estate companies. The government figures follows a downbeat report from ADP, the US’s largest payroll supplier. On Wednesday ADP said the private sector had added just 127,000 positions for the month, well below ... (full story)

YESSSSSSSSSSSSSSSS
LOL, well then
200 pips USD/JPY already done. Let's just say USD is ready for another highs against everything.
Will dxy reach 120?
time to continuation down trend .... euro more bad than usd
Attached Image (click to enlarge)
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All my analysis is based on Wyckoff Methods
Quoting hesron
time to continuation down trend .... euro more bad than usd {image}
Same for GBP - Now that's a pivot buster! 0.75 bp raise on the cards.
Quoting hesron
time to continuation down trend .... euro more bad than usd {image}
you mean it may go under 1.0 ?
Quoting kvmystic
{quote} you mean it may go under 1.0 ?
yes , because down trend target is 0.862 .... Every price movement has direction and range ...... There is a time to go down to complete the down range and there is a time of correction in accordance with the correction range
All my analysis is based on Wyckoff Methods
Quoting hesron
time to continuation down trend .... euro more bad than usd {image}
As much as i would love to see it, I would still like to see EU actually close below 1.0350 on a daily basis. There is still 8 hours until the close today, anything can happen. But a weekly wick close today to the upside would also be ideal.
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Hard to understand the gap between the data published by ADP and BLS. The huge gap is almost impossible unless there is significant job added in public sector in November. It seems to me one of the published data is wrong.
Quoting sfrankenfx
{quote} As much as i would love to see it, I would still like to see EU actually close below 1.0350 on a daily basis. There is still 8 hours until the close today, anything can happen. But a weekly wick close today to the upside would also be ideal.
but the correction range has reached its target ... up movement in eurusd, only to test MSOW/SBR /HLZ
All my analysis is based on Wyckoff Methods
Quoting hesron
time to continuation down trend .... euro more bad than usd {image}
look at big picture at weekly chart !
you will know there is a big a chance for usd to recover
Quoting mohasaad4
{quote} look at big picture at weekly chart ! you will know there is a big a chance for usd to recover
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 30 KB
All my analysis is based on Wyckoff Methods
Quoting hesron
{quote} {image}
yees
last NFP was 261k why written 284k for previous then ?
Quoting oyebobo
last NFP was 261k why written 284k for previous then ?
price in wave v/4? , to complete wave 3/5?
All my analysis is based on Wyckoff Methods
Quoting TheWolf
200 pips USD/JPY already done. Let's just say USD is ready for another highs against everything.
NOOOO
but all price movement up or down depend on smart money intrest , Including if smart money want to do price manipulation.... As in Eurusd in the previous rise movement is a fake trend in small timeframe..... we only can make analysis .....
All my analysis is based on Wyckoff Methods
USD/JPY still bull is holding and try to recover maximum
Why market is stuck even good data for usd and before two day when powel was saying something it was going like mad as if he is everything.
Quoting kvmystic
Why market is stuck even good data for usd and before two day when powel was saying something it was going like mad as if he is everything.
Patience.
they try but King EUR still staying strong
Powel was very correct. USD can't have it all, but a soft landing is assured.
There is no significant move of dollar still after data released what will happen next?
As I said before USD/JPY will hit at least $131. EUR/USD needs to touch $1.12-1.15. And as I said before 99% of traders lose and you see why.
Quoting danial57
as i said before usd/jpy will hit at least $131. Eur/usd needs to touch $1.12-1.15. And as i said before 99% of traders lose and you see why.
so you said everything should be bought except dollar
Quoting skashi14
{quote} so you said everything should be bought except dollar
I wouldn't listen to him. DO your own research
Quoting skashi14
{quote} so you said everything should be bought except dollar
It depends on the time frame you trade.
History says when the market gives a spike and holds it that day in the same direction. The trend line is valid for the way. So the trend line of USD/JPY may be moved up for another round.
Quoting sfrankenfx
{quote} I wouldn't listen to him. DO your own research
Lol, look at my previous posts and try to learn!
Quoting Ftmofx
History says when the market gives a spike and holds it that day in the same direction. The trend line is valid for the way. So the trend line of USD/JPY may be moved up for another round.
Its not hold its going in same direction again. Something is wrong.
FED needs to change course or act aggressively, or else the Global economy will taste deep recess. The market is reacting differently.
Gbpusd reach to where it was. It's like market is run by someone.
Is like the already-known economic fundamentals only favor the USD. The market will be normalized next week. It'll end its moves like this for the week. The biggest Banks are in play. No country wants to lose its currency ground to the dollar again!!!
I'll only assume something is wrong only if GOLD could close the week above 1800 USD. lol
Lie,
bigger lie,
BLS statistics.

https://www.zerohedge.com/markets/so...ayrolls-report
Quoting althar
Lie, bigger lie, BLS statistics. https://www.zerohedge.com/markets/so...ayrolls-report
"Something Is Rigged: Unexplained, Record 2.7 Million Jobs Gap Emerges In Broken Payrolls Report"

"as shocking as this may sound, there has been no change in the number of people actually employed in the past 8 months, but due to deterioration in the economy, more people are losing their higher-paying, full-time jobs, and switching into much lower- paying, benefits-free part-time jobs, which also forces many to work more than one job, a rotation which picked up in earnest some time in March and which has only been captured by the Household survey. Meanwhile the Establishment survey plows on ahead with its politically-motivated approximations, seasonal adjustments, and other labor market goalseeking meant to make the Biden admin look good and provide the Fed with ammo to keep rates high (thus forcing even more real layoffs, which unfortunately the BLS is incapable of capturing due to political reasons)"

The real statistical numbers will be revealed once the new Congress is sworn in....
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