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  • Payrolls in U.S. Surge by Most Since Early 2012 as Wages Pick Up

    From bloomberg.com

    Employers in the U.S. added 321,000 jobs in November, the most since January 2012, driving wage gains and highlighting increased corporate confidence the economy will endure a weakening in global markets. The advance in payrolls exceeded the most optimistic projection in a Bloomberg survey of economists and followed a 243,000 gain in October that was stronger than previously reported, figures from the Labor Department showed today in Washington. The jobless rate held at a six-year low of 5.8 percent. Average hourly earnings rose 0.4 percent, the biggest gain since June of last year. Persistent job growth that’s ... (full story)

  • #1
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  • Dec 5, 2014 8:42am Dec 5, 2014 8:42am
hhahahah long eur, gbp, aus/ usd ...INVICTUS MANEO
  • #2
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  • Dec 5, 2014 8:43am Dec 5, 2014 8:43am
I want see USD sky high, and US will go hell again
  • #3
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  • Dec 5, 2014 8:43am Dec 5, 2014 8:43am
Americans do every thing on a big scale - EVEN BUBBLES!!!!!
  • #4
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  • Dec 5, 2014 8:44am Dec 5, 2014 8:44am
  •  Trader#18BD
  • | Status: Unregistered Trader
xmas is coming - of course they will add jobs.
  • #5
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  • Dec 5, 2014 8:49am Dec 5, 2014 8:49am
Proud to be an american....
  • #6
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  • Dec 5, 2014 8:49am Dec 5, 2014 8:49am
Quoting Idoscon
I want see USD sky high, and US will go hell again
Coming soon. Very strong currency rates are poison to a producing economy.
  • #7
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  • Dec 5, 2014 8:52am Dec 5, 2014 8:52am
lets go wall streets bustard short usd strongly... There's always a game within a game
  • #8
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  • Dec 5, 2014 8:53am Dec 5, 2014 8:53am
Quoting Oser
Proud to be an american....
you can be, as I am proud to be Canadian, but unfortunately all our countries are run by bankers and pro traders are only proud if they win a trade the rest does not matter when it comes to trading
  • #9
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  • Dec 5, 2014 8:55am Dec 5, 2014 8:55am
do you think eur/usd will touch 1.225xx?
  • #10
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  • Dec 5, 2014 8:57am Dec 5, 2014 8:57am
Quoting iaveight
Americans do every thing on a big scale - EVEN BUBBLES!!!!!

agree with u.
  • #11
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  • Dec 5, 2014 8:57am Dec 5, 2014 8:57am
its friday lol..anything can happen..
  • #12
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  • Dec 5, 2014 8:59am Dec 5, 2014 8:59am
Quoting imbonitore
lets go wall streets bustard short usd strongly... There's always a game within a game

Yap, you may get a point, why keep retracing?
  • #13
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  • Dec 5, 2014 9:00am Dec 5, 2014 9:00am
Quoting kanchmadush
do you think eur/usd will touch 1.225xx?
it will touch 1.10000...lol...but FED will be very unhappy, so they will start talk about strong dollar and ..EUR will go up again and than down again...lol
  • #14
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  • Dec 5, 2014 9:02am Dec 5, 2014 9:02am
  •  Trader#9E0E
  • | Status: Unregistered Trader
whens the retrace going to end? as that's when im jumping in. Experts?
  • #15
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  • Dec 5, 2014 9:03am Dec 5, 2014 9:03am
Quoting Kok Teong
Yap, you may get a point, why keep retracing?
because all are in short positions ... What do you think? Who is in long positions?
  • #16
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  • Dec 5, 2014 9:06am Dec 5, 2014 9:06am
Quoting adie
its friday lol..anything can happen..

WTF, Reversal? LOL!
  • #17
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  • Dec 5, 2014 9:16am Dec 5, 2014 9:16am
$ has surged over past months, pricing in many things, and is now consolidating.
I think it could possibly take more than a single (and expected) pre Christmas employment lift to continue a mature trend, particularly considering past and present Fed Chair persons comments that consistently improving data will be required before a rate hike.
Come with me if you want to live....
  • #18
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  • Dec 5, 2014 9:42am Dec 5, 2014 9:42am
  •  Trader#00E1
  • | Status: Unregistered Trader
It finally seems USD long is now the only story everywhere. Couple that with "never buy Friday high", it looks like a great time to reverse the really great ride on USD long.

When the crippling holiday retail sales and almost non-existent inflation great January, the USD long party might end as furiously as it started just few months ago.

NZD and AUD definitely have the most shorter term potential for a long gain.

EUR long should pick up with a much faster pace in January, when low oil costs and EU imports hurting will not give Draghi mandate to hurt EU even more.

JPY on the other hand carries the greatest risk, as well as the greatest reward. The uncontrollable easing of the almost failed Abenomics attempts brought JPY to record levels way to fast for the liking of the Japan importers.
Here, any a more substantial oil price retrace will most definitely have Japan's importers screaming foul over the Abe's devaluation of the currency. Longer term (several months) going short USDJPY could bring the greatest reward.
  • #19
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  • Dec 5, 2014 10:10am Dec 5, 2014 10:10am
Quoting Guest
JPY on the other hand carries the greatest risk, as well as the greatest reward. The uncontrollable easing of the almost failed Abenomics attempts brought JPY to record levels way to fast for the liking of the Japan importers.
Here, any a more substantial oil price retrace will most definitely have Japan's importers screaming foul over the Abe's devaluation of the currency. Longer term (several months) going short USDJPY could bring the greatest reward.
JPY is foocked. Next year, UJ will be 160. Euro will be on par with USD.
  • #20
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  • Dec 5, 2014 10:31am Dec 5, 2014 10:31am
  •  Trader#00E1
  • | Status: Unregistered Trader
"...
JPY is foocked. Next year, UJ will be 160. Euro will be on par with USD.
...."

For that to happen, Fed would have to rise rates substantially, while EU and JP do nothing of the same.
However, even 0.50% Fed rate increase in the next 6-12 months would bring US back to a recession that would be this time around much worse than last one, with the housing market losing even more than few years ago.
The socialist and latino-american tactics of insane money printing our FED implemented, gives us no winning solution, since we should have never embarked that strategy in the first place.
On the other hand, to avoid a real depression that most certainly will come upon us if we start to rise rates in the next 6-12 months, we could face a huge asset bubble in the next 1-2 years.
Yes, it is a case bad if you do - bad if you don't.
My gut feel is that FED will be forced by the new GOP congress and house not to increase rates, to say at least.
If that happens, the USD long run is over.
  • #21
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  • Dec 5, 2014 10:53am Dec 5, 2014 10:53am
It's not necessary for US economy to be good. When a country economy like China and Japan turn sour, ppl immediately buy USD for safe haven.

China economy growth is on the decline. Japan is already declining. EZ except Germany is on the verge of collapsing. All of these factors make ppl immediately turn to USD.

UK is in Europe. AUS depends heavily on China.

Canada???? Latin America????
  • #22
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  • Dec 5, 2014 11:17am Dec 5, 2014 11:17am
  •  Trader#00E1
  • | Status: Unregistered Trader
"...
It's not necessary for US economy to be good. When a country economy like China and Japan turn sour, ppl immediately buy USD for safe haven.

China economy growth is on the decline. Japan is already declining. EZ except Germany is on the verge of collapsing. All of these factors make ppl immediately turn to USD.

UK is in Europe. AUS depends heavily on China.

Canada???? Latin America????
..."

The whole premise behind the great surge of the USD is the prospect of FED increasing rates (sooner than later).

We would really need structural reforms and reintroduction of a true instead of the current feudalism-like or to be more current with the accepted term of crony capitalism, if we are to match even the currently failing EU, let alone AU and China.
Those reforms are not coming any time soon.

Anyway, thanks for conversation.
I post ever so rarely, with my only intent to bring attention to the rather small group of people who follow this site only to the big turning points (as I feel they are around).

I feel this is one of them, as hard as it is to catch a new trend in its infancy.

If some of you give a merit and try to follow my opinion, please make sure you have your stops set and set them smart (as many newbies do not follow this - a hard lesson most of us learned at one point).

Wish you all good luck and great health!
  • #23
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  • Dec 5, 2014 5:33pm Dec 5, 2014 5:33pm
Quoting Guest
"...
It's not necessary for US economy to be good. When a country economy like China and Japan turn sour, ppl immediately buy USD for safe haven.

China economy growth is on the decline. Japan is already declining. EZ except Germany is on the verge of collapsing. All of these factors make ppl immediately turn to USD.

UK is in Europe. AUS depends heavily on China.

Canada???? Latin America????
..."

The whole premise behind the great surge of the USD is the prospect of FED increasing rates (sooner than later).

We would really need...

I like your analysis. Would have been better if you had sign in wit a user name not as guest.
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