what exactly does it mean since it came out at only 2.3k and an expected 25 k Isnt that Good?
I am sure that is a stupid question but I dont really undertsnad fundementals
what exactly does it mean since it came out at only 2.3k and an expected 25 k Isnt that Good?
I am sure that is a stupid question but I dont really undertsnad fundementals
Ignored
It means that it was expected that 25k jobs would have been added last month but instead only 2.3k were added (i.e. 90% LESS than was expected) that's why the news was bad. However, the Aussie seems to have recovered and is up near 9950, so maybe the news isnt so bad after all.
what exactly does it mean since it came out at only 2.3k and an expected 25 k Isnt that Good?
I am sure that is a stupid question but I dont really undertsnad fundementals
I would like to thank you for the reply. I have never given much thought to fundementals. I have always traded after the news and the knee jerk reactions.
If I could post charts I would but still a junior. Anyway seems the initial shock only produced a retrace of 38% of yesterdays move. That point also meets up with todays pivot. The 100 hourly sma is sitting at 9923 just above the reaction low
It means that it was expected that 25k jobs would have been added last month but instead only 2.3k were added (i.e. 90% LESS than was expected) that's why the news was bad. However, the Aussie seems to have recovered and is up near 9950, so maybe the news isnt so bad after all.
Ignored
I don't know if it's someone's typo (23K instead of 2.3K) but certainly is a pretty bad number. Although the aussie is a hard pair to sell, still holding my short to .96.
