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  • U.S. adds 80,000 jobs in June; jobless rate 8.2%

    From marketwatch.com

    The U.S. added a meager 80,000 jobs in June, the government reported Friday, falling short of market expectations and confirming that the labor market cooled off considerably in the second quarter. Economists surveyed by MarketWatch expected a 100,000 increase. The unemployment rate, meanwhile, was unchanged at 8.2%. Employment gains for May and April were basically unchanged. The number of new jobs created in May was revised up to 77,000 from an original estimate of 69,000, while April's figure was revised down to 68,000 from 77,000. The biggest gains in June occurred in the fields of professional services (47,000), ... (full story)

QE3 will come?
Yes, and EURO will go up.. from now will cross 1.28 nxt week
upp i think so that it might be bullish for the Euro till the end of NY session!
"QE3 will come?"

Judging from the success of QE1 and QE2 I sure hope not...
  •  Guest
  • | IP XXX.XX.239.22
Yes, QE3 QE3, omg for what ? QE1, QE2 impact you see , so what do you expect from more printing money ?
QE was not for jobs, but for saving financial institutions. They are saved now, you have to wait for real economy impact more... More cheap money will not solve anything..
who knows??
EURO is going down ?
After such a poor NFP number, how come the euro tanked so heavily? Surely the dollar should have dropped on such data?
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
the big player still play the game
I think the euro is heading down, risk off
What poor?It better than previous one but less then expectation so market could move beyond your expectation.
Quoting jeffm
I think the euro is heading down, risk off
+1
Trade what you see..
if the data show poor NFP dollar will get stronger and stronger
  •  Guest
  • | IP XXX.XXX.15.34
it is better not to trade on the news nowdays as speculations gone wrong
  •  Guest
  • | IP XXX.XXX.50.53
The data improve from the last month. Will go down until next level, the only will bullish.
Euro Down from now
Quoting silvia77
if the data show poor NFP dollar will get stronger and stronger
Quoting scarlet pipe
After such a poor NFP number, how come the euro tanked so heavily? Surely the dollar should have dropped on such data?
Did you look at the average hourly earnings figure? Sure you didn't!
Quoting scarlet pipe
After such a poor NFP number, how come the euro tanked so heavily? Surely the dollar should have dropped on such data?
At least read Market Wizards or something.
I found a penny today. That's +100 pips for me.
80k this month, last month only 70k, we have progress. I do not expect massive firesale, rather trap for short sellers. Friday payrolls and "only" 50 pips move. In the evening 1,24 again. Next week for sure positive (weekly). But this is only my opinion.
Last week NFE was 77 which was very bad. It was targeted 97 but it came 80. How can we say it is bad. in realterm it has recovered.
2nd. See the hourly income it has come 2 good.
3rd: un employment rate. it has sustained.
& most of all keep in mind the last night figures.
The Doller is going to rock in todays trading & it means gold and oil goin to take a bath.... Decide it by your self...
  •  Guest
  • | IP XX.XX.25.34
Consider that the US results come after QE1 and QE2.
Printing money was the proposed cure for all economic aliments. The promise that the great easing would bring prosperity again. Has not happened.
So exactly what is the bailout remedy that Europe has left. Nada.
  •  Guest
  • | IP XX.XXX.12.5
go long on gold
Rana, so what is the best course of action for today gold market, Sell Gold or do nothing?
  •  Guest
  • | IP XXX.XXX.224.25
which point E/U will reverse??
  •  Guest
  • | IP XXX.XXX.208.141
Lol ... that target was too high compare to the previous achievement....

I think they just made it so market shorted down
come on eurusd, break below 1.2300
Who writes these numbers. What a bunch of made up bullshit. Sure unemployment is getting better in the U.S......not.
what will be the range of euro in the next coming week ? will there be any retrenchment?,if so till were?
Quoting KumoDragon
Who writes these numbers. What a bunch of made up bullshit. Sure unemployment is getting better in the U.S......not.
First person to speak sense today. Average monthly job gain in Q1 226k, average for Q2 75k. Go figure.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
QE3 ???? LOL! Not at all!!
Quoting Guest
which point E/U will reverse??
One way ticket to PARITY !!! Cheers !!!

Quoting kayla2011
QE3 ???? LOL! Not at all!!
There will not be any QE3. Trust me...
QE3 would be the final nail in the coffin...besides the US cannot even afford the ink to print up the worthless paper. E/U next stop 1.21..
The thought has occurred to me - "how is it day in day out currencies respond to the same things, in more or less the same conditions but no one can be sure each time where and how far the market will go?" Think about it? Where does it get complex - it either adds value or subtracts value or where did I get it wrong? How is it that it is so tough to call direction in the forex?

PS: The point is we may mostly accept things as they are - but I am wondering loud - how much sense does it really make?
US cannot live without more QE. remember last years drama of raising the debt ceiling? anyone knows when will be the next one and would it be together with QE3? For me raising the debt ceiling is like a QE from the Fed
  •  Guest
  • | IP XXX.XXX.159.53
Looks like QE is working. hey why not another QE3?
Quoting hefhem911
Did you look at the average hourly earnings figure? Sure you didn't!
Extra dollar for every thousand earned. Big deal!!!
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
[quote=Guest;5820133]which point E/U will reverse??[/quote

I don't see higher than 1.24XX for next week !!
Forex isn't an easy game ... it's only for professionals
Quoting orzogc
QE3 will come?
Stupid comment...QE1 didn't work, QE2 didn't work either.
...because you never know - until you do!
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  •  Guest
  • | IP XX.XXX.165.64
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