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EurAnalysis Kindergarten 24 replies

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  • #13,041
  • Dec 2, 2011 7:37am Dec 2, 2011 7:37am
Quoting AaronWard
how could unemployment fall to 8.6? That is 600,000 people that have disappeared from the system. Where did they go? Anybody?
URANUS
  • #13,042
  • Dec 2, 2011 7:38am Dec 2, 2011 7:38am
Quoting Halifax
.4% drop in unemployment, that seems unusually large to me, but I don't have much experience, can anyone comment?

Unless it's a seasonal thing
Yes, personally, I was talking to buma about possible numbers yesterday, and we concluded 120K would mean profit taking. But this 0.4% doesn't allow as traders as expected to be liquidating positions.
  • #13,043
  • Dec 2, 2011 7:38am Dec 2, 2011 7:38am
Quoting AaronWard
how could unemployment fall to 8.6? That is 600,000 people that have disappeared from the system. Where did they go? Anybody?
im all confused

so we added less jobs than expected
but fewer people are unemployed
AVT INVENIAM VIAM AVT FACIAM
  • #13,044
  • Dec 2, 2011 7:39am Dec 2, 2011 7:39am
Quoting FXMindset
Keep hold my long - Daily also break upside - Expecting Higher
Trailing hit 50 pips
Looking another buy poin
If there was easy money lying around,no one would be forcing it into your
  • #13,045
  • Dec 2, 2011 7:40am Dec 2, 2011 7:40am
Quoting Halifax
Glad I'm not the only one that thinks that number is odd
That's most likely people who no longer claim unemployment benefits. Either they found a job or most likely cant file for benefits anymore.
I have multiple personalities... Bull today Bear tomorrow!
  • #13,046
  • Dec 2, 2011 7:41am Dec 2, 2011 7:41am
Quoting Pbh
PT, do you know if any number was revised?
Last month's number was revised up 20K from 80k to 100k The month before that was also revised up to 52K from the previously revised 158K to 210K

That means that today's number is effectively 120K + 20K + 52K = 192K

The big surprise is a decrease in the unemployment rate from 9% to 8.6%
This 8.6% number makes no sense because there were not that many jobs created. Therefore the workforce participation rate must have dropped. That means many unemployed have given up looking for a job.

This is not a very good scene but it is not bad either. It just reflects the lack of confidence the workforce has in the employment market.

Now, will it go up or down? I feel this may turn into a buy the hopium, sell the reality. We will have to wait and see how the NYSE and CME floor traders react to this at 9:30am NY time.
Those who say it cannot be done should not interrupt those who are doing it
  • #13,047
  • Dec 2, 2011 7:41am Dec 2, 2011 7:41am
I'll take that.. +52 pips ty very much! closing short
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #13,048
  • Dec 2, 2011 7:42am Dec 2, 2011 7:42am
This bullshit better drop like an ass.



stop is moved to +1 in case th e btich doesnt go with sun's square with mars.


its officaly square..
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Have I got something on my face, SOLDIER?
  • #13,049
  • Dec 2, 2011 7:42am Dec 2, 2011 7:42am
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AVT INVENIAM VIAM AVT FACIAM
  • #13,050
  • Dec 2, 2011 7:45am Dec 2, 2011 7:45am
Quoting bumapatria
This bullshit better drop like an ass.
I think its on the way down further still but dont quote me im a complete noob :]

if it breaks 1.3489 there is nothing stopping it tanking all the way back to the open price and then who knows what when it gets there
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::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #13,051
  • Dec 2, 2011 7:46am Dec 2, 2011 7:46am
SELL @ 1.3503 on support to resistance test.
  • #13,052
  • Dec 2, 2011 7:46am Dec 2, 2011 7:46am
Quoting BullsVsBears
That's most likely people who no longer claim unemployment benefits. Either they found a job or most likely cant file for benefits anymore.
Agree
"Don't Panic..."
  • #13,053
  • Dec 2, 2011 7:47am Dec 2, 2011 7:47am
PT I would love to pick your brain some time. You seem to always be on top of your game.
  • #13,054
  • Dec 2, 2011 7:48am Dec 2, 2011 7:48am
Blah, I was totally wrong, E/U is dropping like a rock now even though US numbers aren't very good. Did not see this at all.
  • #13,055
  • Dec 2, 2011 7:50am Dec 2, 2011 7:50am
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Quoting jeff_b
Blah, I was totally wrong, E/U is dropping like a rock now even though US numbers aren't very good. Did not see this at all.
AVT INVENIAM VIAM AVT FACIAM
  • #13,056
  • Dec 2, 2011 7:50am Dec 2, 2011 7:50am
Quoting jeff_b
Blah, I was totally wrong, E/U is dropping like a rock now even though US numbers aren't very good. Did not see this at all.
its choppy as HELL! i think theres a big fight going on right now somewhere lol ** Imagines some trader holding a big stack of sell orders punching out some other trader with a big stack of buy orders
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #13,057
  • Dec 2, 2011 7:51am Dec 2, 2011 7:51am
hey red, ahora eres estratega ?
  • #13,058
  • Dec 2, 2011 7:52am Dec 2, 2011 7:52am
No worries mate, I made 10 pips, pulled out just in time @ the top of the spike 1.3543. I'm flat now, no more trading because I was wrong. Cheers.

Quoting the redlion
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  • #13,059
  • Dec 2, 2011 7:52am Dec 2, 2011 7:52am
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AVT INVENIAM VIAM AVT FACIAM
  • #13,060
  • Dec 2, 2011 7:53am Dec 2, 2011 7:53am
Quoting Halifax
Agree
We should also remember it's the holiday season in US. Many seasonal jobs were filled too. It's alot of unemployment beneficiaries who can't file any longer, a lot of people who just stopped looking for work, and a little bit of seasonal positions filled. It's not a realistic standard of rating to me. The unemployed's waaaaaay more than 8.6% They swept literally millions of people under the rug
I have multiple personalities... Bull today Bear tomorrow!
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