"Invest With The Insiders, Not The Masses"
George Muzea
Cable Update (GBPUSD)
- #43,542
- Dec 7, 2007 3:10am Dec 7, 2007 3:10am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
- #43,543
- Dec 7, 2007 3:32am Dec 7, 2007 3:32am
- Joined Feb 2007 | Status: Trader | 2,428 Posts
Job Growth Could Be the Key to the Fed's Decision
NONFARM PAYROLLS, FEDERAL RESERVE, JOBS, ECONOMY
By CNBC.com
CNBC.com
| 07 Dec 2007 | 04:29 AM ET
The monthly government employment report always garners much attention on Wall Street, but with a Federal Reserve interest-rate meeting coming next week, Friday's numbers will be even more closely watched.
The market is split 50-50 between whether the Fed will cut rates by a quarter or a half point, according to fed funds futures trading. And a big upside surpise in payroll gains could raise some inflation fears and take a 50-basis-point cut off the table.
Some analysts say the central bank should keep its powder dry even if the jobs report is disappointing, as inflation dangers are still ahead.
"We think the Fed continues to be somewhat trigger happy, jumping to cut rates quicker than it should do," Max King, Investment Stragegist at Investec, told "Worldwide Exchange."
"We're a little nervous that it's actually jumping too soon," King added.
But others are saying the rate cuts should keep coming.
"The Fed is actually doing the right think by cutting the rate at this time, simply giving some confidence back to the market," Tat Auyeung from Apex Capital Management, also told "Worldwide Exchange." He expects a 25 basis points cut, not more.
Economists, on the whole, are cautious after the economy added 166,000 jobs in October. Those surveyed by Briefing.com, on average, expect that nonfarm payrolls rose by 70,000 in November, with the unemployment rate edging up to 4.8 percent from 4.7% in the month before.
But Wednesday's jobs report from Automatic Data Processing (ADP) has raised some hopes for larger job growth. The private sector added 189,000 jobs in November, the highest increase in a year. The report also showed the residential construction and financial services sectors, hardest-hit by the subprime crisis, had stabilized.
"The ADP employment index has generally undershot the official payrolls number, thus indicating the possibility of a number in excess of 200,000 today," ING Bank analyst James Knightley said in a research note.
2007 CNBC.com
URL: http://www.cnbc.com/id/22142736/
NONFARM PAYROLLS, FEDERAL RESERVE, JOBS, ECONOMY
By CNBC.com
CNBC.com
| 07 Dec 2007 | 04:29 AM ET
The monthly government employment report always garners much attention on Wall Street, but with a Federal Reserve interest-rate meeting coming next week, Friday's numbers will be even more closely watched.
The market is split 50-50 between whether the Fed will cut rates by a quarter or a half point, according to fed funds futures trading. And a big upside surpise in payroll gains could raise some inflation fears and take a 50-basis-point cut off the table.
Some analysts say the central bank should keep its powder dry even if the jobs report is disappointing, as inflation dangers are still ahead.
"We think the Fed continues to be somewhat trigger happy, jumping to cut rates quicker than it should do," Max King, Investment Stragegist at Investec, told "Worldwide Exchange."
"We're a little nervous that it's actually jumping too soon," King added.
But others are saying the rate cuts should keep coming.
"The Fed is actually doing the right think by cutting the rate at this time, simply giving some confidence back to the market," Tat Auyeung from Apex Capital Management, also told "Worldwide Exchange." He expects a 25 basis points cut, not more.
Economists, on the whole, are cautious after the economy added 166,000 jobs in October. Those surveyed by Briefing.com, on average, expect that nonfarm payrolls rose by 70,000 in November, with the unemployment rate edging up to 4.8 percent from 4.7% in the month before.
But Wednesday's jobs report from Automatic Data Processing (ADP) has raised some hopes for larger job growth. The private sector added 189,000 jobs in November, the highest increase in a year. The report also showed the residential construction and financial services sectors, hardest-hit by the subprime crisis, had stabilized.
"The ADP employment index has generally undershot the official payrolls number, thus indicating the possibility of a number in excess of 200,000 today," ING Bank analyst James Knightley said in a research note.
2007 CNBC.comURL: http://www.cnbc.com/id/22142736/
- #43,546
- Dec 7, 2007 3:44am Dec 7, 2007 3:44am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
- #43,550
- Dec 7, 2007 3:51am Dec 7, 2007 3:51am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
- #43,551
- Dec 7, 2007 3:55am Dec 7, 2007 3:55am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
why don't we trade both ways??
not good.why not you sell at resistance and buy at support (scalping). If you do that since this morning by now you already get 100 pips.
"Invest With The Insiders, Not The Masses"
George Muzea
- #43,553
- Dec 7, 2007 4:07am Dec 7, 2007 4:07am
The lack of follow through after the 25bps cut yesterday says it all...
The market was already positioned that way,
Check out the support on 14 week RSI, Trendline support on weeklys and dailys, its time to be selling the Dollar again!!
Wow, look at your photo, you are very hansome
- #43,554
- Dec 7, 2007 4:13am Dec 7, 2007 4:13am
Both ways? you mean buy and sell at the same price?
why not you sell at resistance and buy at support (scalping). If you do that since this morning by now you already get 100 pips.
- #43,557
- Dec 7, 2007 4:22am Dec 7, 2007 4:22am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea