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  • Payrolls in U.S. Rose 151,000 in January, Jobless Rate at 4.9%

    From bloomberg.com

    Job growth settled into a more sustainable pace in January and the unemployment rate dropped to an almost eight-year low of 4.9 percent, signs of a resilient labor market that’s causing wage growth to stir. The 151,000 advance in payrolls, while less than forecast, largely reflected payback for a seasonal hiring pickup in the final two months of 2015, Labor Department figures showed Friday. The jobless rate fell to the lowest level since February 2008. Hourly earnings rose more than estimated after climbing in the year to December by the most since July 2009. The moderation in hiring still leaves the job market on ... (full story)

long usd
  •  Guest
  • | IP XXX.X.151.211
love how they spin bad jobs report...way fewer jobs than expected but at least it is at sustainable levels....usd economy is struggling so they will do anything to boost it.
I might trade the USD next week when maybe some sense will prevail.
  •  Guest
  • | IP XXX.XXX.38.229
please help me as a newbie. the jobs created number was lower than expected so no more rate hikes from the fed. so USD should weaken. how does this online trading story work, is it a scam or what?
  •  Guest
  • | IP X.XX.247.12
Did inflation really just step in the room?
which data is making the $strong when the nfp is so negative?
  •  Guest
  • | IP XXX.XX.231.246
The unemployment rate went down to 4.9% and more importantly the Average Hourly Earnings m/m rose to 0.5% which is an indication that inflation might be on the rise in the near future and hence another rate hike is back on the cards for March. With current price movements, this is how I see the markets reacting to this news.

A weekly closing in EURUSD above 1.1055 would indicate that the 1.13–1.14 zone would still be tested in the near future.

GL
  •  Guest
  • | IP XXX.XXX.201.223
please tell me the market is still going to be bearish i'm getting roasted here.
  •  Guest
  • | IP XXX.X.15.33
Quoting Guest
please help me as a newbie. the jobs created number was lower than expected so no more rate hikes from the fed. so USD should weaken. how does this online trading story work, is it a scam or what?
Hang around, watch and learn as you try your thoughts and strategies on a demo account. It takes a while to get a hang of it and it is for many a profession (buying and selling currencies, commodities, stocks, etc). For some it is a sport or casual pastime. It is a market owned by no one so hard to see how it can be a scam. Everyone that comes to buy and sell or watch are free to participate. Take your time to find a way or in the end find your way.

The Crow (-_-)
Unemployment rate is more important figure
less jobs, bad for the economy, fed may not raise interest rates, lower interest rate = weaker dollar. Also, sometimes markets go opposite reasoning because news was already baked in.
Quoting Guest
please help me as a newbie. the jobs created number was lower than expected so no more rate hikes from the fed. so USD should weaken. how does this online trading story work, is it a scam or what?
NFP generally make big USD moves, but usually market returns back where it was before. That's a general rule of thumb.
Quoting abdunbar
less jobs, bad for the economy, fed may not raise interest rates, lower interest rate = weaker dollar. Also, sometimes markets go opposite reasoning because news was already baked in.
Wages rose significantly -> inflationary pressure

However, few added jobs might be a sign of full employment. That would be a bad omen.
Quoting Guest
please help me as a newbie. the jobs created number was lower than expected so no more rate hikes from the fed. so USD should weaken. how does this online trading story work, is it a scam or what?
The jobs were fewer than forecast, but it is still 151k more jobs. That's MORE jobs, not LESS. So unemployment down 0.1% and hourly earning up, means it's good for the dollar. Far too many people just looking at 3 figures for the NFP compared to forecast and not looking at the wider picture.
Quoting Guest
love how they spin bad jobs report...way fewer jobs than expected but at least it is at sustainable levels....usd economy is struggling so they will do anything to boost it.
How are they spinning it?? It's still 151k MORE jobs...not less. Combined with the other figures means it's good for the dollar.
  •  Guest
  • | IP XXX.X.82.166
Lol, downward revised numbers from December, far weaker numbers in Jan, more lost jobs than gained but somehow the unemployment rate goes down. Cooked much those books are.
Quoting abdunbar
less jobs, bad for the economy, fed may not raise interest rates, lower interest rate = weaker dollar. Also, sometimes markets go opposite reasoning because news was already baked in.
It's not less jobs though. You're missing the point. It's 151,000 more jobs. It's only less than forecast. So that +151k figure has lowered unemployment...and hourly earnings are up. That is good for the economy, not bad as you say.
Quoting exile-brit
It's not less jobs though. You're missing the point. It's 151,000 more jobs. It's only less than forecast. So that +151k figure has lowered unemployment...and hourly earnings are up. That is good for the economy, not bad as you say.
exile-brit...I think you are missing the point. Less jobs were created than expected (forecast) and far less than the month before which was also revised downwards. Expectation is key in moving markets. And if the downward trend in jobs were to continue that would not be good for the US. As it happens the unemployment rate was marginally positive plus the sell off of the dollar over the past week probably needed a breather which is why traders like myself are currently long the dollar (about to close out for the day - roughly 170 pips between Pound & Euro pairs)
Quoting midaspro
exile-brit...I think you are missing the point. Less jobs were created than expected (forecast) and far less than the month before which was also revised downwards. Expectation is key in moving markets. And if the downward trend in jobs were to continue that would not be good for the US. As it happens the unemployment rate was marginally positive plus the sell off of the dollar over the past week probably needed a breather which is why traders like myself are currently long the dollar (about to close out for the day - roughly 170 pips between Pound...
Dear oh dear..how am I missing the point?? I also pointed out as you did the positive unemployment figure, which will out-weigh the NFP figure, which isn't bad anyway, despite being less than expected. I am also long on dollar. He said he was a newbie and couldn't understand why the USD hadn't weakened on this NFP. I was simply pointing out the other figures had an over-riding factor. Plus too many people overracting to the NFP figure at face value and not seeing the other factors at play here.
Quoting Guest
please help me as a newbie. the jobs created number was lower than expected so no more rate hikes from the fed. so USD should weaken. how does this online trading story work, is it a scam or what?
Average Hourly Earnings are very strong and unemployment is down this data over shadows jobs created
  •  Guest
  • | IP XX.XX.154.252
thanks to all the members and commentators above. your quotes gave me the confidence to make 5 pips in no time at all. also my mentor showed me this video. (newbie quote #4).

https://www.youtube.com/watch?v=d_Rra-EShi4
Wow, I've never read so clueless posts. There's no way any you clueless sheep make money in forex, never mind stocks

Dumb sheep, keep giving your money away to me, at least I know how to spend it better
-Jordan
Quoting exile-brit
Dear oh dear..how am I missing the point??.
Fair enough exile-brit. I agree all factors must be taken into account. I just felt you may have been giving the newbie the impression that numbers contrary to expectation (forecast) didn't matter as long as they were positive
Quoting Stockman
Wow, I've never read so clueless posts. There's no way any you clueless sheep make money in forex, never mind stocks

Dumb sheep, keep giving your money away to me, at least I know how to spend it better
-Jordan
No...I'm making money. I spend it pretty well too.

And what gives you the right to call people clueless and sheep?? Who do you think you are? Some people on here are new to forex as they state in their posts.They are trying to learn (but not from people like you who aren't interested in helping others).
More bogus numbers from the fed. Its like living in the
Land of Oz......nothing is real.
If you look back at the last NFP, there was a big increase in the headline figure (which has since been revised down) however the main concern was that wages were stagnant...and the jobs created were low paying. This is not surprising as the last nfp represented the holiday period when companies put on more staff for the holiday period.

This report, I believe, is stronger. While the headline figure is lower than anticipated, the real kicker for the Fed is wage growth and unemployment. Both these numbers are up. This can be interpreted as "more jobs of higher quality" were created, rather than minimum or law paying jobs.

Overall, I read this as being a sign that the US economy is still going ok.

Whether the books are cooked or not is another matter. They may be, who knows. All that matter is how the markets read the numbers.
  •  Guest
  • | IP XX.XXX.109.98
Def long USD. EURUSD is looking cheap at the current price to short into.
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  •  Guest
  • | IP XX.XXX.148.127
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