$ For The week of 10/30-With Trade Ideas

Hey news!

You took more money from everyone else more than I did! Great Job!

I was being conservative with my straddle and made only 25 pips on NFP (but with the largest lots I ever traded thus far excluding demo accounts of course).

Last month, I opined that the 50K will definitely be upgraded/revised upwards as this is afterall "POLITICS" week. Guess I was right on the money there (but heck I shorted GBPUSD at the wrong place yesterday so I did not make much money on that position)...

OK, 1 minute of research and I got the household survey info:

ftp://ftp.bls.gov/pub/news.release/empsit.txt

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Technical information: Household data: (202) 691-6378 USDL 06-1903 http://www.bls.gov/cps/ Establishment data: 691-6555 Transmission of material in this release http://www.bls.gov/ces/ is embargoed until 8:30 A.M. (EST),Media contact: 691-5902 Friday, November 3, 2006. THE EMPLOYMENT SITUATION: OCTOBER 2006 Employment increased in October, and the unemployment rate declined to4.4 percent, the Bureau of Labor Statistics of the U.S. Department of Laborreported today. Nonfarm payroll employment grew by 92,000 in October follow-ing gains of 148,000 in September and 230,000 in August (as revised). InOctober, job growth continued in several service-providing industries, whileemployment declined in manufacturing and construction. Average hourly earn-ings rose by 6 cents over the month. Unemployment (Household Survey Data)



The number of unemployed persons (6.7 million) edged down in October, andthe unemployment rate declined to 4.4 percent. A year earlier, the number ofunemployed persons was 7.4 million and the jobless rate was 4.9 percent.



Unemployment rates for most major worker groups--adult men (3.8 percent),teenagers (15.4 percent), whites (3.9 percent), and blacks (8.6 percent)--showed little or no change over the month. The jobless rates for adult women(3.9 percent) and Hispanics (4.7 percent) fell in October. The unemploymentrate for Asians was 2.7 percent, not seasonally adjusted. (See tables A-1,A-2, and A-3.) The number of persons unemployed for 27 weeks or longer fell by 189,000 to 1.1 million in October. This group accounted for 16.0 percent of totalunemployment, down from 18.2 percent in September. (See table A-9.)



Total Employment and the Labor Force (Household Survey Data) In October, total employment increased by 437,000 to 145.3 million, and the employment-population ratio edged up to 63.3 percent.



The civilian labor force,at 152.0 million, was about unchanged in October; the labor force participationrate has held at 66.2 percent since June. (See table A-1.) Persons Not in the Labor Force (Household Survey Data) About 1.5 million persons (not seasonally adjusted) were marginally attachedto the labor force in October, about unchanged from a year earlier. These in-dividuals wanted and were available for work and had looked for a job sometimein the prior 12 months. They were not counted as unemployed because they hadnot searched for work in the 4 weeks preceding the survey. Among the marginallyattached, there were 331,000 discouraged workers in October, down slightly froma year earlier. Discouraged workers were not currently looking for work specifi-cally because they believed no jobs were available for them. The other 1.1 mil-lion marginally attached had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-13.)





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Actually, I was joking around. Was out three days ago on my big long trade. Today I'm sitting at around 90 pips short right now...

That's it Newstrader. Both surveys are released simulataneously - the household survey is where the unemployment rate comes from. That's why, in theory, NFP can show an absolute rise but the unemployment rate could go up.

Well, it certainly looks like the derivatives auction was closer to the headline NFP number than the economic analyst consensus. When I last looked it was around 103k.

Well it'll be interesting to see how things go from here. No one's gonna be talking about a cut from the Fed, but so far an incr isn't in the cards either. Still status quo.

Everyone was saying the pound was just about fully bought into @ 9090 off the certain BoE rate incr next week. Maybe now it isn't. There's some further UK data out early monday and their GDP the next day, I believe. Let's see how London places their bets...

I think GDP is on the 21st. Industrial Production is monday morning though. Its hard to call where next. I think down. At least to the low 1.89s

Great thread! Magnificent ideas! I wont trade a day without visiting this thread keep it up guys!!!