Government Shutdown: Impact on Fundamentals Releases | Forex Factory

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Government Shutdown: Impact on Fundamentals Releases

  • #1
  • First Post: Oct 2, 2013 9:31pm Oct 2, 2013 9:31pm
So this is the first time in almost two decades we've seen a federal government shutdown in the US - when does data like non-farm come out then? Immediately once the shutdown is over or will they schedule it in the middle of the month?
  • #2
  • Oct 4, 2013 7:24am Oct 4, 2013 7:24am
What, nobody cares about non-farm payroll?
  • #3
  • Oct 4, 2013 8:33am Oct 4, 2013 8:33am
i guess no NOn farm Payroll today then. Markets are barely moving.
  • #4
  • Oct 4, 2013 8:38am Oct 4, 2013 8:38am
According to the calendar it is rescheduled to next week
  • #5
  • Oct 4, 2013 4:41pm Oct 4, 2013 4:41pm
Quoting genie
According to the calendar it is rescheduled to next week
Thanks, hadn't seen they'd done that. I'm guessing that's a tentative date for if the shutdown comes to a close, but I doubt that given the current political bickering.
  • #6
  • Oct 5, 2013 5:15am Oct 5, 2013 5:15am
This was to be the first NFP since the fed failed to taper due to unemployment levels. I was hoping to get direction from it for the coming week. No COT data either, which I was eagerly awaiting to perhaps trigger a promising long term setup. Just when you think you've seen it all, some fucker switches all the lights off and tells you to keep swinging. LOL I love this game.
si hoc legere scis nimium eruditionis habes
  • #7
  • Oct 5, 2013 10:09am Oct 5, 2013 10:09am
Quoting numbnuts
This was to be the first NFP since the fed failed to taper due to unemployment levels. I was hoping to get direction from it for the coming week. No COT data either, which I was eagerly awaiting to perhaps trigger a promising long term setup. Just when you think you've seen it all, some fucker switches all the lights off and tells you to keep swinging. LOL I love this game.
I too was pretty curious to see what was going to happen...would have been nice to see if my current higher frame open positions are going to get a boost or whether we're going to see another change in direction. Ah well what can you do...except vote to fire all the morons responsible.

That said the lack of interest in this topic is stunning.
  • #8
  • Oct 5, 2013 4:21pm Oct 5, 2013 4:21pm
Quoting Kanzler
{quote}That said the lack of interest in this topic is stunning.
Yeah that struck me too. Deprive people of artificially contrived indicators like stochastic or RSI, and there would be mass outrage. Yet deprive them of real information about the root causes of currency movement and nobody cares.
si hoc legere scis nimium eruditionis habes
  • #9
  • Edited 5:48pm Oct 5, 2013 4:45pm | Edited 5:48pm
Quoting Kanzler
That said the lack of interest in this topic is stunning.
I don't think it's so much a lack of interest, it might be more that most people here are technical traders rather than fundamental traders....and given that the majority here must be short term traders, then it's understandable.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10
  • Oct 5, 2013 5:15pm Oct 5, 2013 5:15pm
Quoting numbnuts
{quote} Yeah that struck me too. Deprive people of artificially contrived indicators like stochastic or RSI, and there would be mass outrage. Yet deprive them of real information about the root causes of currency movement and nobody cares.
That subject doesnt matter to me because of the way the market is reacting to that event. instead of worrying about what is going to happen in the US and face uncertainty, I prefer trading the other pairs that are not affected by this event.
  • #11
  • Oct 5, 2013 5:21pm Oct 5, 2013 5:21pm
Quoting Capelli
{quote} That subject doesnt matter to me because of the way the market is reacting to that event. instead of worrying about what is going to happen in the US and face uncertainty, I prefer trading the other pairs that are not affected by this event.
But you are concerned about the timing of the event. When I originally wrote this I hadn't seen that they'd pushed it up two weeks on the calendar, but I doubt most people were aware of that either. The old mantra about avoiding entries news is still pretty good advice. Anyway I guess my question was answered from the OP but still says quite a bit about where the focus of most trading on this site is. Not knocking it but I keep pretty close tabs on these types of events since when they happen they often bust through a lot of important levels and thus I avoid opening new positions on these days, apparently many don't care.
  • #12
  • Oct 5, 2013 5:30pm Oct 5, 2013 5:30pm
Quoting Kanzler
{quote} But you are concerned about the timing of the event. When I originally wrote this I hadn't seen that they'd pushed it up two weeks on the calendar, but I doubt most people were aware of that either. The old mantra about avoiding entries news is still pretty good advice. Anyway I guess my question was answered from the OP but still says quite a bit about where the focus of most trading on this site is. Not knocking it but I keep pretty close tabs on these types of events since when they happen they often bust through a lot of important levels...

I see what you mean, but what I really wanted to say is if a big news does not come with a big reaction or drastic move toward where it should move, there is uncertainty involve. My number one Rule, and probably my only rule in trading, is to avoid uncertainty.

The Forex market didnt react that much to that event, and I guess its due to the fact that people are confuse on whats going to happen. If I jump and make a call in these circumstances, I will probably get it wrong and have losses that I could have avoided simply by not trading that event
  • #13
  • Last Post: Oct 7, 2013 2:43am Oct 7, 2013 2:43am
I am quite surprised that I haven't seen any sharp changes in USD exchange rate, I thought it would cause some kind of panic in Forex. But beside some volatility Oct 1, I haven't seen anything. Probably it is because of traders trying to avoid the problem since they don't know how to react.
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