NFP and rumors around

02 Nov 2006 at 20:30:28 (GMT)
Economy: There are some rumors arround that the Non-Farm Payroll tomorrow may be worse than expected tomorrow which is a possible cause for the stall against CAD and JPY...

Hi. Who are you?
Where did you hear the rumours? What's the source?
Why did you choose such a contentious topic for your first ever post?
Do you have an alterior motive?

lol

No i don’t have any motive or what so ever, what i did was just forwarding message from my broker (Non American) .. I did it exclusively to share the news.. <o></o>

Hi Hagai, well that was really nice of you. Where did your Broker hear it from and why did he tell you?
You must excuse my cinicsm, but there need to be 2 sides to every trade and I would hate to think that I was being set up as cannon fodder. LOL.

My broker is located in <st1lace w:st="on">Europe</st1lace> just as I do. I don’t have any clue where the broker got his news from, during trading hours I get sometimes useful news and some time the opposite. I suppose there must have been some leak, which is not illegal in the forex market! I don’t have anything to win by submitting it in her.. Im small trader just like people her,,, if I can contribute to make you small profit I will gladly do so.. Since Im fighting the big banks and not you !<o></o>

dude what are u talking about ? fighting the big banks?

I think this is one of the opposite ones

I personally dont think it will take a rumor to be right on this one. US jobs over 130k is... well... if it comes out above I will hide under my desk.

well since there is no real "inside information" when it comes to the BLS (Bureau of Labor Statistics), id say this rumor is more like a guess.

Heres a question for u economists, if the # comes in a little below 130 what does that mean? Is it good or bad for the dollar? The reason i ask is because last month we had a # of 50k, so 125k would still be 2.5 times better than last month, that is a HUGE diffrence. But I am no economist so what do u guys think?

ghost thats exactly what I said in another post... lol peeps forget that fact... haah

think about it 50k was bad right so that freakin revision or whatever it was was like over 50k I think 111k or somethin... so even if we get 120k that would be good still compared to 50k or 111k lol but I think the reaction will be weak maybe if it comes out not that high, anything over 130k will blow the lid... dont know what to expect here.

imagine 150k?!!!

hello 8500... lol

Enc, what do u base your 8500 statement on, or you are basically in a trade already and are praying for good $ strength? Because my technical analasis for $ strength is done for

I wouldn't be surprised if they revise last months revision back up to 120k or thereabouts. The NFP is in danger of losing all credibility.

I think people who try to guess how the market reacts to NFP releases will lose credibility a lot sooner than the government's ability to generate reliable statistics.

This guy has a reason to post this. But his sources suck. And he didn't put together the thread well enough.

IF YOU ARE A GOOD FUNDIE.. thats a big IF.... You would realise that the recent data has indicated that the NFP will be lower. And also you would have known that the last data was changed purely because of elections. It was not real data last time.

A report also came out today that the US is still facing inflation pressure. It only really effected the stock market. I would doubt any big player would enter the market 1 day before nfp with that information.

The fact is. The idiot in post number 2. Yes you are an idiot. Has no right to just jump on some guy who has intent to help. I wouldn't of course base my analysis on someone elses information. And i don't really trade news. But the fact you jumped on him like a cat who hasn't eaten in months, is evidence of desperation. And i find it quite sad that you didn't just ignore him if you didn't like what he was saying.

Good luck in your trading. I know i don't trade nfp days. So I hope you dont get hit too hard by the whipsaw crap.

P.S Technical traders are intelligent. Fundamentalists are not (Just my opinion, argue over that)

Rumours hm.. not surprising that people guessing a weak number in consensus with recent weak headlines. but be cautious of a revision.

Good luck.

Whats this revision that everyone is talking about exaxctly? when did or does that happen exactly? i know they revised last months number but dont know when that happened?