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  • Unemployment insurance weekly claims

    From dol.gov Story is in PDF Format

    In the week ending March 28, the advance figure for seasonally adjusted initial claims was 6,648,000, an increase of 3,341,000 from the previous week's revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. The previous week's level was revised up by 24,000 from 3,283,000 to 3,307,000. The 4-week moving average was 2,612,000, an increase of 1,607,750 from the previous week's revised average. The previous week's average was revised up by 6,000 from 998,250 to 1,004,250. The advance seasonally adjusted insured unemployment rate was 2.1 percent ... (full story)

OMG, the graph
why so very bad
Wickoff is my basic analysis
Quoting hesron
why so very bad
Have you not been paying attention to most cities being on lock down in the U.S?
The markets are like water it ebbs and flows.
beyond the expectations
Quoting hesron
why so very bad
//---

why so bad is easy call....

why haven't the markets reacted, quite harder.....

been 5 minutes of dead air......h
to trade and code, keep both simple... no call to impress....h
a lot of layoffs, the TRUP program to deal with unemployment is not going well
Wickoff is my basic analysis
So, this SHOULD crash the stock market, yet the f@#$ing thing ain't movin down yet lol
Quoting hesron
a lot of layoffs, the TRUP program to deal with unemployment is not going well
Common now, we all know when the move is obvious its delayed or something else happens.
Quoting JacolineFIS
So, this SHOULD crash the stock market, yet the f@#$ing thing ain't movin down yet lol
Really?
"Don't Shoot Me I'm Only the Piano Player"
Quoting Momofrmnyc
{quote} Have you not been paying attention to most cities being on lock down in the U.S?
and no rocket up on eur usd...strange
Should I buy USD then?
absolutely right ... but the market should push the USD so that there is an improvement in the implementation of the TRUMP 2 Trillion USD program to overcome the effects of COVID-19 including reducing unemployment. Isn't TRUMP saying 90% of workers in the USA should not be put off their employment relationship?

BAD NEWS for USD
Wickoff is my basic analysis
Quoting pridolfx
{quote} and no rocket up on eur usd...strange

Not yet it's only been a few minutes. Give it time it'll start to manifest in the charts.
The markets are like water it ebbs and flows.
Quoting JacolineFIS
So, this SHOULD crash the stock market, yet the f@#$ing thing ain't movin down yet lol
Spoke to soon?
Quoting ExpertLevel
Should I buy USD then?
absolutely..
with such bad news for usd but it aint going down.. something is very strange right now..
is there also a lot of corruption in the USA so that 2 trillion funds are not on target?
Wickoff is my basic analysis
Quoting JacolineFIS
So, this SHOULD crash the stock market, yet the f@#$ing thing ain't movin down yet lol
that's not so, wait and see, us stocks most times move opposite of expectations,
Quoting barkie
Hidden
You demonstrate your lack of knowledge - Bernie is not the Democratic nominee and will not be. Barkie stick to trading.....
...because you never know - until you do!
Clearing stops? Moving opposite of retails' consensus? I don't know. Will follow whats the structure and current PA.
Fortune favors the brave.
I have my eyes on SPX500
whats a hell is this why market goes opposite
LOL. Retail traders go one way and the market makers say thank you.
Why is the dollar rising?
Buy trap? Sell trap?
Quoting ilpoj
Buy trap? Sell trap?
I would say most of the traders here don't get the bigger picture and that is worldwide demand for USD with bad news.
USA population of 331,002,651, with the TRUMP program the unemployment rate is 3310K,10% of the population, but now 6648K, already exceeding 20% of the population. The TRUMP program is not working at all .... neext week may be going to 30% 9930K unemployment rate
Wickoff is my basic analysis
who cares. Eveybody loves dallar. Keep buying dollar and help to destroy world economy.
Are the forecasters ever correct?
Quoting hesron
USA population of 331,002,651, with the TRUMP program the unemployment rate is 3310K,10% of the population, but now 6648K, already exceeding 20% of the population. The TRUMP program is not working at all .... neext week may be going to 30% 9930K unemployment rate
its 2%
but the market should also be smart because traders / big traders are smart people, I do not believe that all the big traders in the forex market are ignorant and stupid people, like a buffalo on the tip of its nose.
Wickoff is my basic analysis
Quoting hesron
USA population of 331,002,651, with the TRUMP program the unemployment rate is 3310K,10% of the population, but now 6648K, already exceeding 20% of the population. The TRUMP program is not working at all .... neext week may be going to 30% 9930K unemployment rate
Please check your math. 6648K = 6,648,000. And thats not the full number, its the change, the amount of new unemployed. So +2%.
Everyone can see the chart, but only a few can actually read it.
follow your chart at critical times. it takes a bit time for the market to find its correct direction.
usdcad ain't pushing down yet... It's funny
it turns out it's true that the market / big traders in forex are mostly stupid and stupid people ... hehehe ... okay .... I also buy USD
Wickoff is my basic analysis
Quoting fxsport
{quote} You demonstrate your lack of knowledge - Bernie is not the Democratic nominee and will not be. Barkie stick to trading.....
For Information.
There is currently NO democratic Party contender declared for the 2020 US presidential elections.
There are two current nominees of which Bernie Saunders remains one. Biden is at this point leading, but far off the 1991 delegation votes needed. Whether Saunders will or wont be the final choice is not a matter of fact at this point. It is a matter of Opinion.
I see no reference in Barkies post implying that Saunders is the Democratic Nominee.
But hey dont let that deter fractious allegations that he doesn't know what he is talking about.
Just a Thought#
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I think they need to print more US dollar as soon as possible.
Everything is going for the benefits of china dollar rise thats what china wants
USDJPY not moving just means Banks can't decide if USD or JPY the safe haven currency at the moment
Market reaction to this could be similar tomorrow NFP
usd have to go down , what is this manipulation
The new was EXPECTED. It was NO SURPRISE.
I love seeing people be so reactive to fundamentals and even charts... guys/girls, just be proactive and adapt to the situation... the market does not care what you think or need, your god will not help you nor will he hear your prayers, just learn to be a real trader and create the right midnset of being proactive towards both data and charts.

I see so many saying the USD should be weak... the question is why should it be weak?! when in the current market phase the USD is seen as a safe-heaven and has been gaining on any bad news that comes out.

Adapt to the markets... they change, currencies react differently to each market phase, start with understanding the market phase before you start throwing your money into the brokers and wasting your time.
Also to all of you expecting a depression learn cause and effect, a very important skill for trading successfully...

clearly the numbers are becasue of lockdowns not becasue of no demand for work but because people are not allowed to work... so the basic playout of this "cause / effect" scenario is: it will all go back to normal when the lock downs are lifted.

Start thinking like a real trader and adopt a basic proactive approach to data, charts and YOUR ACTIONS.
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The USD will adjust to the downside. There are shorts profit taking before and during the news bc thats when liquidity is the highest and also uncertainty so they just get ride of there positions, then the algos kick it. By tomorrow it will have begun to adjust.
Quoting hesron
why so very bad
I'm doubt full that you joined FF in Dec 2012!!!!!!!
Quoting PipsMatter
I love seeing people be so reactive to fundamentals and even charts... guys/girls, just be proactive and adapt to the situation... the market does not care what you think or need, your god will not help you nor will he hear your prayers, just learn to be a real trader and create the right midnset of being proactive towards both data and charts. I see so many saying the USD should be weak... the question is why should it be weak?! when in the current market phase the USD is seen as a safe-heaven and has been gaining on any bad news that comes out....
when a shock is a kind of temporary and not permanent, following your chart is the best choice. because when the shock has no a unit root it will be back to its trend. matching with the current situation is whether with fund or chart, you try to speak beautifully and not like a trader.
Quoting Ghass1234
usd have to go down , what is this manipulation
This thread wouldn't be complete without you.
Everyone can see the chart, but only a few can actually read it.
The joy of a the Global Reserve Currency: good news for the USD and it will rise. Bad news for the USD will panic global trade into the Foremost Reserve Currency: USD. Until there is a new Reserve Currency, which will happen some time in the future but no body knows when or what that looks like, the USD will behave differently to all other currencies. Trade the charts not the bias.
Quoting OnlineAddict
{quote} This thread wouldn't be complete without you.
I love Mr. Ghoss's comments
Quoting sadeghi
{quote} when a shock is a kind of temporary and not permanent, following your chart is the best choice. because when the shock has no a unit root it will be back to its trend. matching with the current situation is whether with fund or chart, you try to speak beautifully and not like a trader.
Ok so I suppose you know how a trader speaks? or how someone speaks reflects their trading bias?

And I don't try to speak beautifully, I speak beautifully because my words are backed by knowledge which is backed by know-how.

Good luck!
Quoting PipsMatter
Also to all of you expecting a depression learn cause and effect, a very important skill for trading successfully... clearly the numbers are becasue of lockdowns not becasue of no demand for work but because people are not allowed to work... so the basic playout of this "cause / effect" scenario is: it will all go back to normal when the lock downs are lifted. Start thinking like a real trader and adopt a basic proactive approach to data, charts and YOUR ACTIONS.
You sound like a school teacher correcting unruly students...

You ARE correct as well.
...because you never know - until you do!
Quoting RossEdwards
{quote} For Information. There is currently NO democratic Party contender declared for the 2020 US presidential elections. There are two current nominees of which Bernie Saunders remains one. Biden is at this point leading, but far off the 1991 delegation votes needed. Whether Saunders will or wont be the final choice is not a matter of fact at this point. It is a matter of Opinion. I see no reference in Barkies post implying that Saunders is the Democratic Nominee. But hey dont let that deter fractious allegations that he doesn't know what he is...
Ross thanks for proving my initial post - Sanders CAN NOT WIN- IT IS MATHEMATICALLY IMPOSSIBLE - Hence any talk of Sanders in 2020 implies ignorance of the fact.

In times of emergencies politics should be put aside and people come together to get thru the crisis - but some people,, Barkie, are too consuumed with TDS ......so sad
...because you never know - until you do!
Quoting fxsport
{quote} Ross thanks for proving my initial post - Sanders CAN NOT WIN- IT IS MATHEMATICALLY IMPOSSIBLE - Hence any talk of Sanders in 2020 implies ignorance of the fact.
Attached Image (click to enlarge)
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