The US Employment Situation - May 2016

BAHAHHAHAHAHA look at this bankrupt 38 number. Spiral to hell

No, situation because of the strike at Verizon. The strike, affected about 40k workers NFP
figure as striking workers are counted as employed but not at work in the survey.

throw dollar out of basket

lol, made me laugh, you did that is

My goodness, this is really starting to unravel.

How did the unemployment rate come at 4.7%?

Is the number evrn right? Hiw do u hv such low nfp n yet unemploymnt decrease?? This is fucking bullshit

The question is: why USD started to sell off 1-2 hours before the release? It was clear something wrong is going to happen.

NFP has always been and will always be the best golden news.

definitely bizarre.

In regards to the sell off, the bigger players will say they pay a higher price for there news feed information that is outside our financial ability. There is another word for it, can you say "INSIDER INFORMATION". To say that FOREX is too big for anyone to control is simply dreaming. SUGGESTION: go on U TUBE and look up the video "FOREX BILLION DOLLAR DAY" that should open your eyes a bit to show you who you are playing against and HOW and WHY they trade like they do. There is an ELEPHANT in the room and he just saw a MOUSE.

It is not unusual for the market to preempt a release. The idea that those with money think and act like retail traders has no basis really. What is more, it is fairly easy for setups with the resources to easily assess the trend etc specific to a given release of interest and reach conclusions that enables such setups to front end the play. It is a risk they take in such a situation and that risk is not necessarily minimized by waiting (as retail traders do) for the actual release. Lets not forget, the market will not recalibrate on this news but conclude its prior trajectory (that is the mistake many traders make in assuming the market to be random and reactive to news). So for instance I had been trading up Gold on the clear understanding that it had bottomed in the D1 interval and needed to retrace. As such I had allowed that even if the NFP's was negative for Gold it will fluctuate to recover within a band I was comfortable with and recover within that band to return a profitable trade for my bullish entry. In the alternative I also understood that given it had bottomed in D1 there would be little time to react to and profit from a release positive for Gold. Now I have no resources to deploy into the sort of research I mentioned above and I am a retail trader, but one with a different view of the market than others in this case. So overall I should soon exit with some 3000 points or so to my credit. But my point is if you think about it, there was absolutely nothing wrong with the trading you saw before the release. The market like time waits for no one and we all have our angles to it and not all submit to the notion that news moves markets. I never wait to trade any release - I trade the cyclic trends revealed by analysis and current motive phase in play. Others may do the same or for some other reasons or approaches trade in such a way to be in the market before some given release.

The Crow (-_-)

Reduced job seekers

Previous 123k revised from 160k. That's almost 25% off so sure next month they can tell us it was a typo and the actual was 238k so they can actually hike

Two different surveys pal. And less seekers

is reaction overdone? Just small way through detail.. and dont look THAT bad to me.. but of course expectation pricing levels may have been bigger than my estimates..
Still .. Monday could see rebound? anyone?

... easy, just punch the desired numbers on the PC ... lol

NFP isn't everyone. So its possible the other jobs not in the NFP made up for the employment increase.

Hi guys. This question may sound really stupid but I'm new to trading and I'm still trying to learn. I noticed that this news release affected the market a lot. If someone got in just as the news released, a lot of profit could be made. My question was, what websites do you use to get a live feed of such news releases? A website that posts the figures the second they come out, so that one could get in the market at the perfect time.

2nd question i have is that how do you know which news releases are going to effect the market. Obviously this US unemployment one did. Does it effect the market this much each month when its released? And what other news releases should i be looking out for that effect the market a lot?

If anyone could reply, i would very much appreciate it. Sorry if these questions sound stupid to you guys. Just trying to learn here

@z.abideen

1) Forex factory's calendar section has all the data a few seconds after the release, however most of the big banks and hedge funds have computers that automatically read the news release and make trades within milliseconds of the news release, so getting in at the perfect time is nearly impossible if you're trading by hand. You'll notice if you sit and wait for it, that the price will suddenly explode in the space of under a second. You need to be careful though, since mixed market news can cause a false breakout movement and price may end up reversing suddenly, especially when the news release is a speech rather than raw numbers and data.

2) Today's news release was the NFP, which is one of the biggest releases each month. However, you won't know how much it might affect the market, because it depends on whether or not the figures are within the forecast expectations. Today, the figures were a huge surprise so the market reacted very violently. If you check forex factory's calendar, the expected high impact releases are marked in red - these are the ones you should look out for the most.

[quote=z.abideen;8961169]Hi guys. This question may sound really stupid but I'm new to trading and I'm still trying to learn. I noticed that this news release affected the market a lot. If someone got in just as the news released, a lot of profit could be made. My question was, what websites do you use to get a live feed of such news releases? A website that posts the figures the second they come out, so that one could get in the market at the perfect time.

2nd question i have is that how do you know which news releases are going to effect the market. Obviously this US unemployment one did. Does it effect the market this much each month when its released? And what other news releases should i be looking out for that effect the market a lot?

If anyone could reply, i would very much appreciate it. Sorry if these questions sound stupid to you guys. Just trying to learn here [/quote

You need to learn about economics if you want to know and takes time.
If you want instant news feeds as the banks and institutional traders you need a Bloomberg terminal but costs around 30k per month.

There are other ways to trade the news one by placing a pending sell and buy order before the release . The best way to trade the news is to stay out.

Fundamentals are king in the fx markets.

take a dip dive on www.forexfactory.com bro

z.abideen, welcome to trading; and welcome to FF.

US Non-farm Payroll reports cause big market movements almost every month. There are other big movement events too, like FOMC, etc. If you look at the FF calendar, the red impact folders usually (not always) have big impact on market movements. FF also posts the Actual report numbers usually within seconds after the announcements.

NFP is nearly always reactionary and by Tuesday will have been forgotten and the next big thing will be on the horizon. I would note though that unemployment is down and I suspect that once the hype of the poor NFP figure has dissipated the fact that unemployment is down what will remain in the memory. So expect the dollar to recover !!!!!

Wasnt the trillions spent supposed to fix things Im all confussed

Its all to big to fail Warm up the helicopters the cash drop is whats needeed

... yes, they did fix - the profits of the banks and the bonuses of the banksters ... lol

wowowowow...sommer mate ... we need holiday bonuses

z.abideen,
One more point to mention is the NFP is released the FIRST FRIDAY OF THE NEW MONTH. Some traders try to specialize in trading the news and there are some sites for a fee that offer help in this area. If you are new to all that you see just be careful you do not blow your account up in the very first month. FF is a great place to learn so enjoy.

With the unemployment rate going down and the current level being so low, perhaps there just aren't enough good people left to employ. The US economy looks pretty good but the world is being held to ransom by the Fed's "we might and we might not" news releases. Who else can hold world financial systems to ransom like the Fed are.

So the real NFP should be 78K? Still a pretty big drop.

This is Verizon http://finance.yahoo.com/news/verizon-strike-huge-contributor-miserable-131052008.html