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  • US Employment Cost Index - June 2015

    From bls.gov

    Compensation costs for civilian workers was little changed at 0.2 percent, seasonally adjusted, for the 3-month period ending June 2015, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) was also little changed at 0.2 percent, and benefits (which make up the remaining 30 percent of compensation) was little changed at 0.1 percent. (See chart 1 and tables 1, 2, and 3.) Civilian Workers Compensation costs for civilian workers increased 2.0 percent for the 12-month period ending June 2015, unchanged from the 12-month period ending June 2014. ... (full story)

What the hell is going on? Such a move is crazy .... well I guess some hedge fund managers have too much Dollars
ups: you have done it again! --- good bye $$$
Quoting Ojiego
What the hell is going on? Such a move is crazy .... well I guess some hedge fund managers have too much Dollars
This is just excuse on some irrelevant data.
wow, very bad number, I did not see such a low number very long time
  •  Guest
  • | IP XX.XXX.242.84
How Come there was no news for US on the main page
euro bye bye bluish sign
>>>>>>>>BULL<<<<<<<<<
very bad for usd
why dollar so weak about this data?
Ugly US ECI report - smallest quarterly increase in US wages since 1982.
Please...they were trying to sell you a story earlier in the day claiming figures were closer to 0.7-0.8%. Those who believed the lies are surely hurting now.

Never...ever....trust the 'experts'.
  •  Guest
  • | IP XX.XX.43.0
3rd class forex factory give impact medium & now giving high impact breaking news why
that's why we need stop loss.
Quoting Ojiego
What the hell is going on? Such a move is crazy .... well I guess some hedge fund managers have too much Dollars
I think you missed the fact it's the end of the month, this is called profit taking

& even if you're a technical trader the setup was glaringly obvious ...word of advice always check the crosses

happy trading
multi-year low date. Real bad
WOW very good spike
profit taking for friday
  •  Guest
  • | IP XX.XXX.28.47
This move has really nothing to do with the data release other than the timing...this is end of week and end of month positioning and profit taking by MM's.
Quoting Daehoth
experts'.
Ex = has been, Spurt = drip under pressure ......my favourite motto
Rate hike postponed
Quoting vetpriyamana
why dollar so weak about this data?
Why? Because the Fed has been spewing how wages have been increasing and jobs data was been progressing upwards for the last few MONTHS, supposedly signalling and indicating a healthy, progressing and recovering economy.

But this obviously may not be the entirety of the story they've been leading the public to believe.
This move has really nothing to do with the data release other than the timing...this is end of week and end of month positioning by MM's.

Some nice intraday shorts coming up soon.....
forget about a rate hike Me Yellen.
U.S. Wage growth is still up by 2% YoY and remains in an up-trend. It would not surprise me if people on Monday forget about the soft data
Quoting zax1150
I think you missed the fact it's the end of the month, this is called profit taking

& even if you're a technical trader the setup was glaringly obvious ...word of advice always check the crosses

happy trading
Thanks zax! What I meant by Hedge Fund Managers is that they always react at the end of the Month. Sorry I did not put my thoughts accurately.
BTW, on what TF should I crosscheck the crosses?
Market maker on the move, last day of the week and month. Good time to hunt stop losses.
Saying this for some time now, if you don't put more money in the consumer's pocket you can forget about growth in the long term and so, forget about rate hikes, it will never happen.
Quoting Ojiego
Thanks zax! What I meant by Hedge Fund Managers is that they always react at the end of the Month. Sorry I did not put my thoughts accurately.
BTW, on what TF should I crosscheck the crosses?
There are no Technical Crosses for this move.....there was a definitive LONG bias though for London session and start of New York. My holding LONG trade worked out fine....wasn't expecting 75pips from the move tbh!
Quoting zax1150
I think you missed the fact it's the end of the month, this is called profit taking

& even if you're a technical trader the setup was glaringly obvious ...word of advice always check the crosses

happy trading
What do you mean buddy by checking the crosses ? please tell us more or give me some article to read.

Thanks in advance for the help
[quote=Daehoth;8411355]Why? Because the Fed has been spewing how wages have been increasing

What wages? Every month the cost of labour was indicated as a red number.
Oh man! So confused now. On my M5 I don't know if a bullish flag is building now or should I take the Graveyard Doji for what it is?

  •  Guest
  • | IP XX.XX.245.18
Nothing to do with data for sure and i am new on that... Any has experience to explain such movement?
Quoting Bakker
Saying this for some time now, if you don't put more money in the consumer's pocket you can forget about growth in the long term and so, forget about rate hikes, it will never happen.
somehow.. i think Janet will on your side.. ~lol
I would suggest a small window for 30/1hr chart for checking currency moves against the mains you're trading.......eg: trading cable then check gbp/aud as the reaction by the aussie is more pronounced & tends to preview intent


ie: gbp has been on the rise all day against the aud 170+ so a fairly clear a retrace was due, result would be a rise in both the aud/usd & cable

so 170pip drop on gbp/aud 100 pip hike on aud/usd & cable
ohoh ohoh.. martii..
[quote=Bakker;8411394]
Quoting Daehoth
Why? Because the Fed has been spewing how wages have been increasing

What wages? Every month the cost of labour was indicated as a red number.
Read past speeches, articles, etc etc related to the Fed.
That's my point, they're saying one thing but the numbers show the opposite?
There goes December rate hike.
When you're making progress with employing people but keep on paying them less then you don't need a lot of brain cells to figure out what is really going on.
Quoting Bakker
That's my point, they're saying one thing but the numbers show the opposite?
Ah sorry mate, interpreted what you said incorrectly.

We're actually on the same page.
Been saying what you've been saying for ages as well.
Quoting zax1150
I would suggest a small window for 30/1hr chart for checking currency moves against the mains you're trading.......eg: trading cable then check gbp/aud as the reaction by the aussie is more pronounced & tends to preview intent


ie: gbp has been on the rise all day against the aud 170+ so a fairly clear a retrace was due, result would be a rise in both the aud/usd & cable

so 170pip drop on gbp/aud 100 pip hike on aud/usd & cable

If I understood you properly, lets say wahtching EUR/USD then I should also watch USD/CHF as they move the oposite of one another is that right? Basically, if EUR/USD reaches a resistance, this would affect also the USD/ CHF .

Hmmm, not sure if I expressed myself and if you understand me
EXXON is the big reason behind with wage data giving the kick. EXXON profits down 52%.
This is sort of US internal affair - jobs within US.
This translate or signal to no rate hike = bonds up = USD down = stocks up.

This how the BIGs speculate. They trade what moves the FED
Quoting Bakker
When you're making progress with employing people but keep on paying them less then you don't need a lot of brain cells to figure out what is really going on.
Not to mention supposedly stellar employment figures but the unemployment rate went up in the same month earlier this year.

I mean comon'...if they wanna fudge numbers, at least do it with a modicum of intelligence....and make sure 'stories' line up.
Now I know what to do next time I am confronted with choosing between "Bull-Flag" and a "Graveyard Doji"!! It was so obvious but I had my doubts

What a closing Friday of the month!!
Quoting kazachokings
If I understood you properly, lets say wahtching EUR/USD then I should also watch USD/CHF as they move the oposite of one another is that right? Basically, if EUR/USD reaches a resistance, this would affect also the USD/ CHF .

Hmmm, not sure if I expressed myself and if you understand me
I get where you're going & in a nutshell yes.....its an old trading trick finding the pairs that react & thus making the outcome rather obvious
as soon as they release Chicago PMI...if it lower than forecast...Gold will jump .
last week we got a better than expected Job data.....lowest claim for over 40years. now this....lowest employment cost index for over 33years. Mean anything to you guys. Fed cannot hike rates on such contracting data. So.....let's see what next year holds as it concern rate hike
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  • | IP XX.XX.82.233
why forex factory make people fool to show it as medium impact data , and after the news its high impact breaking news whats going on can anybody explain
Quoting abccopag
as soon as they release Chicago PMI...if it lower than forecast...Gold will jump .
Well Badluck Dude! Chicago is much higher than forecast.

Maybe you have to wait for Uni Michigan Sentiments for your last hope of the day?

Goodluck Mate!
Quoting Daehoth
Ah sorry mate, interpreted what you said incorrectly.

We're actually on the same page.
Been saying what you've been saying for ages as well.
Slavery ?! :-D
Quoting kazachokings
If I understood you properly, lets say wahtching EUR/USD then I should also watch USD/CHF as they move the oposite of one another is that right? Basically, if EUR/USD reaches a resistance, this would affect also the USD/ CHF .

Hmmm, not sure if I expressed myself and if you understand me

Yes, until SNB interferes like they did in January and you end up losing a fortune. Correlated strategies in forex are not a good idea. There will always be a point when the correlation will turn sideways and neither support nor resistance of one another will be relevant in this case.
waited for the last bit of US data and it had as much impact as a wet fart!
Quoting Kahn88
Yes, until SNB interferes like they did in January and you end up losing a fortune. Correlated strategies in forex are not a good idea. There will always be a point when the correlation will turn sideways and neither support nor resistance of one another will be relevant in this case.
Interesting point as the heads up before that event was 15min beforehand ....time enough to close or hedge positions....
Heh, that was funny, my USDCHF was in profit just 6 pips to my target I went to bathroom and I was happy even I sing a song, but when I get back to my room ... 😞 my SL was triggered. I left my trading platform about 5 minutes. Distance between being happy and became sad is very short. I am a sad person now. 😞
Quoting emilvr
Heh, that was funny, my USDCHF was in profit just 6 pips to my target I went to bathroom and I was happy even I sing a song, but when I get back to my room ... 😞 my SL was triggered. I left my trading platform about 5 minutes. Distance between being happy and became sad is very short. I am a sad person now. 😞
Sorry to hear that......the ideal for retail trading is a currency that tends to react before trigger events ....sort of canary in the coal mine,...as an anology

I've always found the aussie crosses are good for that
On FOMC day, it was quite quiet. Today? guess what.
Quoting frx_trader
On FOMC day, it was quite quiet. Today? guess what.
v true only 200+pips before the event...
  •  Guest
  • | IP XXX.XXX.196.144
Time to fade the move?
Quoting zax1150
v true only 200+pips before the event...
AUD is undervalued, whereas USD is way overvalued. Expect seeing AU .78 again. Well, forget about rate hike, maybe not in September.
My NZDUSD was +180. Now +70.
What a terrible Friday.
Quoting sorenasami
My NZDUSD was +180. Now +70.
What a terrible Friday.
There are several tools such Trailing Stop, BUY/SELL Stop, etc, etc. Hedging. etc.

Guess you never use them. Blame it on your ignorance.
Quoting Guest
give impact medium & now giving high impact breaking news why
No one answered upon that question yet?
If you have poor psychology you will struggle
Quoting frx_trader
There are several tools such Trailing Stop, BUY/SELL Stop, etc, etc. Hedging. etc.

Guess you never use them. Blame it on your ignorance.
I know those tools. I just love +200 TP
I'll wait. It will back.
Quoting zax1150
Interesting point as the heads up before that event was 15min beforehand ....time enough to close or hedge positions....

Sorry, I have failed to understand when SNB gave a heads up? They just came in and removed the peg. I was listening to Bloomberg commentary that day and there was no indication unless I missed something.

Anyway, have a good weekend.
  •  Guest
  • | IP XXX.XXX.138.190
i think forex factory labeled it medium impact news bec,like before , the market doesnt pay much attn to it. Only now it became an important data since a small change in workers wages, means lesser inflation, and since the fed is targeting 2% inflation ,it will definitely affect the Sept RATE HIKE decision.So goodbye to SEPT rate hike!!!
This is what minpulation looks like Straight up and down.
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