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Trading the NFP this friday

  • #121
  • Dec 8, 2006 8:12am Dec 8, 2006 8:12am
1.9700+ is commig boys
If I Go Broke Trying Then I Will die happy.
  • #122
  • Dec 8, 2006 8:13am Dec 8, 2006 8:13am
<TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR><TD class=newsStoryHeader width=400 colSpan=2>08-12-06 15:13 CET</TD></TR><TR><TD>http://wminvest.ldn.swissbank.com/im...eric/trans.gif</TD></TR><TR><TD class=newsStoryHeadline colSpan=2>GLOBAL MARKETS-U.S. jobs data fails to convince investors</TD></TR><TR><TD>http://wminvest.ldn.swissbank.com/im...eric/trans.gif</TD></TR><!--News Body starts here--><TR><TD class=newsStory width=450 colSpan=2>(Updates throughout, adds Walls Street outlook)
By Jeremy Gaunt, European Investment Correspondent
LONDON, Dec 8 (Reuters) - Stronger-than-expected U.S. jobs
growth failed to answer investor questions about the future of
the U.S. economy and interest rates on Friday, leaving European
stocks and the dollar lower and setting Wall Street on track to
open down.
Treasury prices slipped as some investors saw the jobs
report adding to pressure to keep U.S. interest rates higher but
European bonds reversed course and rose.
The U.S. Department of Labor said 132,000 jobs were created
in November.
Economists polled by Reuters beforehand had expected an
increase of 110,000. Derivatives auctions before the report's
release suggested the market was pricing in a lower 92,900 new
jobs.
Analysts said the report would not end questions about where
the U.S. economy was heading.
"Those who believe the U.S. economy is heading for a hard
landing will not be swayed by this number ... those who believe
... that we're in for a soft landing will find some consolation
in this number, we're still creating jobs," said Marc Chandler,
chief global currency strategist at Brown Brothers Harriman.
The dollar initially rose against the euro on the prospect
that U.S. interest rates would not be cut soon, but then
reversed course.
Middle Eastern, Asian and Russian players were said to have
entered the market selling dollars and buying euros on the
single currency's dip.
The euro was up 0.4 percent at $1.3341.
European shares steadied after the report, but then fell.
The FTSEurofirst 300 index of top European shares <.FTEU3> was
down 0.4 percent.
U.S. stock index futures, however, also turned from positive
to negative.
U.S Treasury yields were off their highs but still up 1.4
basis points at 4.5006 percent. Yields in Europe were flat to
lower after earlier rising on the jobs news.
((Reporting by Jeremy Gaunt; [email protected]</TD></TR></TBODY></TABLE>
  • #123
  • Dec 8, 2006 8:14am Dec 8, 2006 8:14am
Quoting Moe
1.9700+ is commig boys
you got it man. unbelievable, great trading today my man
Relax and be happy.
  • #124
  • Dec 8, 2006 8:15am Dec 8, 2006 8:15am
I hope people took my advice and went long at 1.9586. Closed at 114pips now.Easy.
Forex rules
  • #125
  • Dec 8, 2006 8:15am Dec 8, 2006 8:15am
btw, its official, china is selling dollars. i didnt read it in a news story, the price action spells it out clearly.
Relax and be happy.
  • #126
  • Dec 8, 2006 8:18am Dec 8, 2006 8:18am
So what do you guys think about Consumer Sentiment??
  • #127
  • Dec 8, 2006 8:18am Dec 8, 2006 8:18am
no disrepect but i got a pm from a guy on this forum with the name unclesam any name like that i can't respond. sorry bro
If I Go Broke Trying Then I Will die happy.
  • #128
  • Dec 8, 2006 8:19am Dec 8, 2006 8:19am
in @ 9580 out 9614

Good day.
Mr. Trend
  • #129
  • Dec 8, 2006 8:19am Dec 8, 2006 8:19am
Quoting Moe
no disrepect but i got a pm from a guy on this forum with the name unclesam any name like that i can't respond. sorry bro
Relax and be happy.
  • #130
  • Dec 8, 2006 8:19am Dec 8, 2006 8:19am
Moe, you are simply awesome!Thanks god, I don't know why my broker didn't execute my sell and buy orders on either side at all! Anyway, it was good for me as I would have been stopped out either way. The revisions are dollar bullish, but the crazy Russians are selling the dollars, where is the bottom Moe?
  • #131
  • Dec 8, 2006 8:23am Dec 8, 2006 8:23am
Quoting merlin
btw, its official, china is selling dollars. i didnt read it in a news story, the price action spells it out clearly.
As I said before, damn those central bank interventions.
Why don't they just leave us traders alone

Quote



[IFR Forex Watch]

[SQUAWK BOX]

[14:12 EUR/USD: Reserve Diversification Still the Key]



Boston, December 8. Dealers report a variety of central banks came in to buy EUR/USD as prices bounced back after the decent US employment report. Two high profile bouts of intervention have been seen in the market in the last two days with Russia buying chunks of USD Ruble and converting part of the proceeds to EUR and the same being said for South Korea, which was a cable buyer as well earlier today. As long as central bankers look to spread their reserve risks, the EUR will be the prime beneficiary. Offers are seen layered up from 1.3350 to 1.3400 but expect black-box types to rush in on the buy side if recent 1.3367 highs are overcome. 1.3290 is support on pullbacks.

[email protected]





</PRE>
  • #132
  • Dec 8, 2006 8:23am Dec 8, 2006 8:23am
even if some of you guys took my advice and brought gbp/usd at 8:29.50am You should of still made 100 pips, price came back to you and then some, because this is a big news event i always try to shoot for 100 pips on nfp day.
If I Go Broke Trying Then I Will die happy.
  • #133
  • Dec 8, 2006 8:25am Dec 8, 2006 8:25am
Quoting Moe
even if some of you guys took my advice and brought gbp/usd at 8:29.50am You should of still made 100 pips, price came back to you and then some, because this is a big news event i always try to shoot for 100 pips on nfp day.
Moe,
How do you know which way it will go so often??
Rusty
  • #134
  • Dec 8, 2006 8:28am Dec 8, 2006 8:28am
i will no longer post my trade signals. i will still be around posting threads and responding to post.
If I Go Broke Trying Then I Will die happy.
  • #135
  • Dec 8, 2006 8:30am Dec 8, 2006 8:30am
Now what is next?

Should cable start again upward move and break recent high of 9850 and move higher towards 2, may be next week?

Your opinion?

Thanks
These too shall pass away.
  • #136
  • Dec 8, 2006 8:31am Dec 8, 2006 8:31am
Quoting Moe
i will no longer post my trade signals.
Moe, MOE! Don't blow us off. We don't see you that often as it is.
  • #137
  • Dec 8, 2006 8:33am Dec 8, 2006 8:33am
Quoting merlin
i had a very bad experience with them merlin. thank god for lawyers.
If I Go Broke Trying Then I Will die happy.
  • #138
  • Dec 8, 2006 8:37am Dec 8, 2006 8:37am
Quoting Moe
i will no longer post my trade signals. i will still be around posting threads and responding to post.
It will be sad to see you go, I am just looking to learn
Rusty
  • #139
  • Dec 8, 2006 8:42am Dec 8, 2006 8:42am
Quoting merlin
damn bk you are doing some serious thinking these days

you already know how i trade, i like to see a hard move that goes against the current trend, because that causes widespread pain, and pain makes people do irrational things (as we all know from personal experience). this is my favorite scenario, but i see no possibility for pain this friday.

where are all the players right now? they are short the dollar! but this dollar trend is still young, and not everyone is on board yet. so if the dollar rebounds on NFP, there will be sellers there that want to get in the market, but havent yet, and these new sellers will sustain the dollar suppression.

so whats the play here? if the dollar strenthens, i think you wait for the new sellers to come in and then join them. if the dollar weakens, well, i dont see a good play here.
Merlin, great analysis. I really learned sth. thanks.
  • #140
  • Dec 8, 2006 8:42am Dec 8, 2006 8:42am
Quoting rusty105
It will be sad to see you go, I am just looking to learn
Rusty
not going nowhere il still be around, just not giving nomore advice, not because of you guys, i love this forum, great place to be
If I Go Broke Trying Then I Will die happy.
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