EurAnalysis

Friday last 1-2 hours may be some Long position closing happen and price retrace down till 3020-30.

That's fine my BE level is @ 3015...then we hold over the weekend & disco Monday morning...or maybe not...

guys, the week is ending. look the weekly candle, is very bullish at this moment. dont short a candle like this without concrete signs of weakness (thats what she said )

It was a clear decline moving north and capped by the 100sma, I have 1.0260, 2 pips below your entry, so i guess you're not alone

wow a little bat ♥

Bad Luck for the invisible Man! Remains unnoticed

I see this is only correction cap at 1.3045. It's Friday at mid session so anything could happen.

Thank you but a bit scary. A reminder of nightmares and daymares?

Since she agrees on BAT and late night here so can not order pizzas.

Syria wasted 1200$ costing mortar bomb and Turkish military retaliate for wasted 5 watermelons

LOL

The Truth Behind Today’s U.S. Job Numbers Report
~ by Michael Lombardi, MBA



Wow! President Obama must be thrilled this morning! For the first since he has been President, the U.S. unemployment rate has come down under eight percent.

Sure, on the surface it looks like the unemployment rate has improved, but we all know the job numbers take out people who have given up looking for work. The real numbers, as I’m about to show you, paint a very different picture. So don’t jump into the pits and start buying stocks just yet!

The unemployment rate in the U.S economy was above eight percent for 43 straight months and now, all of a sudden, it decreased to 7.8% in September. (Source: Bureau of Labor, October 5, 2012.)

Don’t be surprised to read about stock advisors suggesting that you buy even more stock and don’t expect mainstream media to give you the real details about the unemployment rate report.

Here’s the real story: 12.1 million Americans who are ready, willing and able to work do not have jobs in the U.S. economy.

So what’s changed since August for the unemployment picture?

The unemployment rate for the people who are considered long-time unemployed did not change. They make up more than 40% of the unemployed in the U.S. economy. These workers have been unemployed for 27 weeks or more.

Looking at the new unemployment rate, we see that the number of part-time employed people in the U.S economy increased in September to 8.6 million, compare to 8.0 million in August. They are not working part-time by choice; they simply can’t find full-time jobs. In addition, there are another 1.7 million people who have not looked for jobs for last four weeks.

Now the real kicker…

The underemployment rate, which includes people who have given up looking for work and people who have part-time jobs who want full-time jobs, remains unchanged from August. It currently stands at 14.7%, which is slightly higher than it was in May of this year.

The real unemployment rate in the overall U.S. economy has not changed.

In fact, it is now more vulnerable than before. What I want to see is the underemployment rate going down. This number is very troublesome and should not be overlooked, as it currently indicates that the real employment situation has not improved despite trillions of dollars in newly borrowed and newly printed money.

Michael’s Personal Notes:

Inflation is going to be a bigger concern than it already is for the U.S. economy. And I am sure you have already experienced it—when it comes to food products, for example, the size of the container has decreased, while the price hasn’t changed.

The official government numbers tell us that inflation is not a concern; that we are not experiencing any inflation and it’s all under control. As a matter of fact, the Consumer Price Index (CPI), issued by the U.S. Bureau of Labor, shows that there was actually a decline in inflation in May, no change in June and July, and an increase of 0.6% in August. (Source: Bureau of Labor, October 5, 2012.)

We all know the CPI doesn’t reflect real inflation or prices that really matter to the consumers. Food prices and gas prices are increasing rapidly and they are not properly reflected in the CPI numbers.

I drive a sports car that really doesn’t have a big gas tank. Earlier this week, when I filled up my car, I bought two car washes with my fill-up (because I get a discount when I buy the car washes with gas). My final bill was over $170.00! And the cars washes were not expensive, about $12.00 each. If this isn’t inflation, I don’t know what is.

I’m not the only one complaining about gas prices. Gas stations in California are shutting down on record-high gas prices. In San Francisco, gas prices are at the highest level since 2007. (Source: Businessweek, October 4, 2012). These gas stations are shutting down, because their profitability is decreasing—the gas is available, but not for cheap. For gas stations in San Francisco, it’s costing them $4.90 per gallon just to buy gas and they then need to mark up that price to actually make a profit. It wasn’t too long ago when you could get a gallon of gas for fewer than $2.00.

The underlying issue is inflation—the prices of goods are increasing, because our dollar is depreciating faster than ever before. When we import oil from foreign countries—and we still do a lot of that every day—it is taking more U.S. dollars to buy a barrel of oil. This is because the greenback has depreciated so much against other world currencies (except for the euro).

While the CPI doesn’t really show the entire inflation picture, we know that the purchasing power of $1.00 in 1980 equates to $2.80 in 2012.

What does this mean? It means that inflation has deteriorated the value of the greenback. Now, with multiple rounds of quantitative easing, inflation is going to be a bigger problem. It will affect consumer spending.
Consumer spending will be the ultimate victim of this inflation. And if consumer spending is hurt, the U.S. economy will not go very far, as more than 70% of U.S. GDP is made up of consumer spending. Real disposable income, as I wrote this week, is declining. It’s a lethal combination for American consumers: declining real disposable income and inflation.

Where the Market Stands; Where it’s Headed:

There’s a term in economics called “reversion to the mean.” The stock market can rise all it wants to on the premise that freshly printed money will make its way back to the market. But eventually the stock market will move to the point where it best reflects what is going on with the economy and the companies that trade in it—i.e. the reversion to the mean.

Today’s U.S. job report was another total bust. Forget what they tell you about the official unemployment rate, because those numbers are skewed. The real rate, the underemployment rate that includes people who have given up looking for work and people who have part-time jobs but who want full-time jobs, sits at a ridiculously high 14.7%—unchanged from the previous month. The economy is not getting better for the majority of Americans. And this will soon be reflected in the earnings of major American companies.

Conclusion:

What He Said:


“The U.S. lowered interest rates in 2004 to their lowest level in 46 years. And what did Americans do with their access to easy money? They borrowed and borrowed some more, investing the borrowed money into real estate. Looking ahead, perhaps the Fed’s actions (of bringing interest rates so low to entice consumers to borrow more than they can afford) will one day be regarded as one of the most costly errors committed by it or any other banking system in the last 75 years.” Michael Lombardi in Profit Confidential, July 21, 2005. Long before anyone was thinking of a banking crisis, Michael was warning that the coming real estate bust would wreak havoc with the banking system.

No Link. It just came in my Email and I share it.

Finding support @ the 61.8% level...thru from there & on to 3000..

Or perhaps one more pop up to complete the inverted H/S pattern and then down to 1.2750

E/U H4

Looks like that 68 is going to hold for now...lets see what she does Sunday night..have a good weekend all

M15 Bullish Hidden Divergence should get us to the target.

16:00 (GMT) 05 Oct
[Forex Strategy]

http://ca.mg6.mail.yahoo.com/ya/down...d=YahooMailNeo

FX MMKT Weekly Outlook and Strategy, 8-12 October
* EUR heading higher into a week where a G7 meeting will be more watched than data
* USD/JPY still rangebound, while SNB can probably take its eye off EUR/CHF
* AUD is vulnerable, as is GBP if Q3 GDP expectations turn negative
The Last Week:
* No obvious good news for the EUR, but risk appetite was up so it got bought anyway
* Central banks stick to the script; payrolls a mixed bag (in Canada too)
Policy meetings at the RBA, BoE, ECB and BoJ (in that order) vied with the US non-farm payroll report as the major focus over the last week, all of the central banks sticking to the script as far as policy is concerned, although the RBA did deliver a dovish statement to accompany the 25bp cut in the OCR.

Sunday came early...BE target reached....locking her up now for a free ride onto my TP...