Untrusted reading

Good Stuff! Unemployment Rate Lower. We're Still Rock 'N' Rolling!

CPI on Wednesday will clear everything up. Bank holidays today too (except for USD)

Why Gold market close today?
I want sell off Gold

Yet another data that supports higher for longer

time to buy USD, and sell like XXXUSD , in GBPUSD tf daily sideways market ... and as structure going down at least to equilibrium level in tf daily

She's still running hot bless her. Conceptually, for me it's fair to say central banks have had no impact on inflation yet.

#all_base_effect

Americans will be happier, everyone will have jobs and more money.

Yes, quite. The USA-predominated market players today will be relatively uncontested. Call it a tilt to group-think.

Send crypto, EUR, GBP to the ground.

As expected to be. I didn't think the 138k would fly. Best to bear with the market. A sharp rise will be seen by Tuesday next week. Happy trading

Ahh, finally some good news for the USD. Let's see how this would impact moving down the road. More jobs and money can lead to higher inflation, which is a big problem.

Well, the bullshit continues. This is a "pullback from the strong jobs and pay growth....." of last year, or so they say.

Not true, of course. Last year was a disaster also.

Want to talk about strong jobs, restrict yourselves to talking about CEOs....the ones who can literally destroy a corporation and nevertheless leave with untold additional millions!

Want to talk about strong pay growth, restrict yourselves to talking about CEOs.....the ones who continue to "UP their compensations" at the expense of increasing the cost of their products to all the world that is becoming comprised of mostly good folks who can no longer afford them.......while at the same time laying off more of the labor force that actually does all the REAL WORK for these assholes.

The Unemployment Rate dropped to 3.5% with a 236K increase in Nonfarm Payrolls but wage inflation continued to soften in the US. Adding job gradually month to month is decreasing because the labor market is big fall. I can see US economy is going down gradually. Think graphically. i think USD will fall in next trading day.

Can you tell me why usd is weak with this news

BRICS will kick US dollar!

In order to understand the reception of any of these KPI's I think it's more important to understand how the market has set their expectations... and THAT is much harder to intuit than seeing that the KPI is above or below expectations.

The key is understanding why the market expects the expectation to be what it is, ain't it?

Today is a great example:

The M2K burst 20+ points at 8:30am when the unemployment rate and increase in nonfarm payroll #s were released, which they expected to be LOWER than last months value, as well as slightly lower than reported by a few thousand.

How is any nonfarm payroll number that's less than the prior month, 'better' than expected in current market conditions? if you're rooting for the FED to pivot... then you want that metric to come in lower, not higher than the estimate.

First, the FED specifically is targeting job growth, wage growth, and is trying to stamp out growth so inflation will cool DOWN.
Obvious Obervation: This doesn't cool down inflation.

Second, Folks, The axiom "Don't fight the Fed" is true.
Obvious Observation: The Market IS fighting the Fed & It has been for longer than 18 months.

Third: The Hiring pace is NOT slowing as dramatically as Banks are failing. eh?
Obvious Observation: Those who criticized Powell, for being a dove, could be judged harshly. *points at the Market*

Fourth: why would the market react positively to an overestimate that clearly indicates the FED isn't tightening enough, or perhaps the better question is why is the market so impatient for FED tightening to impact job creation? is there THAT 'much' excess money in the economy? Still? (this is an entirely different criticism of the FED) *sigh*
Obvious Observation: There is nothing obvious about this.

Argue away. I'm open to ideas.

How do you read today's reaction? Looks too calm, maybe just because of the holidays.

In simple terms of time to pay back the money the Fed "printed" to save us from lockdown.

Everything goes back to March 2020. And remember back then we were just about to face the repo crunch, so we go back to a point where the bull run was over anyway.

Either cry like babies, keep the money and be destroyed with inflation, which in effect destroying your dollar.... Or.. give back the money, cry like babies and save the dollar.

One or the other, but not both