DislikedLol Looking at the news ahead I closed the rest of my long for 100 pips.
Wondering why ADP is positive +20 and Labor Department is negative -101.
Still Census layoffs going on? Or maybe 120,000 teachers and fire fighters laid off?Ignored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #231,401
- Edited 12:58am Sep 1, 2010 12:43am | Edited 12:58am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #231,403
- Sep 1, 2010 1:38am Sep 1, 2010 1:38am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
Lol Looking at the news ahead I closed the rest of my long for 100 pips.
Wondering why ADP is positive +20 and Labor Department is negative -101.
Still Census layoffs going on? Or maybe 120,000 teachers and fire fighters laid off?
Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
- #231,404
- Sep 1, 2010 1:39am Sep 1, 2010 1:39am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
Public Layoffs: School teachers, Hospital workers, Census bean counters
ParasiticPrivate Hirings: Lobbyists
Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
- #231,405
- Sep 1, 2010 1:51am Sep 1, 2010 1:51am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
Hospital workers are not public jobs, they are super commercial here in USA LOL. But I guess its still Census stuff. Lobbyists? They are not employees. They work and get rich as independent contractors.
Shamu
Lobbyists get hired by banks.
Who knows where the cuts are gonna come from. Bob the garbage man might get the sack and the neighbourhood develops a sudden need for respirators due to cost cuts.
- #231,408
- Sep 1, 2010 2:15am Sep 1, 2010 2:15am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
Hospitals, hmmm fair enuff. I would however have thought there'd be a public option considering all the hubbub about Medicare/aid.
Lobbyists get hired by banks.
Who knows where the cuts are gonna come from. Bob the garbage man might get the sack and the neighbourhood develops a sudden need for respirators due to cost cuts.
New voice message: Why are you calling me? If I need you, I'll call you!
- #231,414
- Sep 1, 2010 4:36am Sep 1, 2010 4:36am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #231,417
- Sep 1, 2010 7:22am Sep 1, 2010 7:22am
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
Hmmmm. I'm currently leaning towards an headline ADP figure that's less than the expect +20k. Sole reason - YM's currently getting a shot up the ass.
Headline -10k on expectations of +15-20k
Revision Last Month from +42k down to +37k
results comprised of:
+30k service industry (ie. banks hiring lobbyists like mad)
-40k goods producing industry (inclusive of -6k manufacturing)
Another way of looking at it:
Big Business hirings = flat
Medium Business hirings = -5k
Small Business hirings = -6k
Listening to Bloomberg with Betty Liu talking with Wells Fargo Economist John Silvia - The magic phrase has finally come out. "No demand in capital rather than access to cheap capital". Bout damn time.
- #231,419
- Sep 1, 2010 8:46am Sep 1, 2010 8:46am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
small range between 129-130 till NY open could be the behaviour on GY as not much activity atm...till breakout .
n today close is very very important to me to decide, reverse or bear continuaition as per mentioned target earlier...
i saw atm 135 is the max if bull wanna take over ...
taking my rest with nice up n down yesterday....
but base on my observation 129 should be the reversal point vs daily, but anything could happen....
good luck all
g
- #231,420
- Edited 9:25am Sep 1, 2010 9:08am | Edited 9:25am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
look like its the time......
ok guys, > than 150pip n lock at BE+50...
perhaps catch all of u back on this friday....
chow
g
added : somethings good to hear
http://edition.cnn.com/2010/WORLD/me...ex.html?hpt=T1