The US Employment Situation - July 2015 | Forex Factory

The US Employment Situation - July 2015 | Forex Factory

The US Employment Situation - July 2015

From bls.gov

Total nonfarm payroll employment increased by 215,000 in July, and the unemployment rate was unchanged at 5.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in retail trade, health care, professional and technical services, and financial activities. Household Survey Data In July, both the unemployment rate (5.3 percent) and the number of unemployed persons (8.3 million) were unchanged. Over the year, the unemployment rate and the number of unemployed persons were down by 0.9 percentage point and 1.4 million, respectively. (See table A-1.) Among the major worker groups, the ... (full story)

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Aug 7, 2015 8:15am

[quote=Ojiego;8423291]Guys you would not believe what happened to me 10mins ago!

I was just preparing for the NFP news when I had a power cut for 7minutes!!! I was just about going Short on the Euro! Now I am exhausted

I can't even do a follow-up trade as I invested so much energy on this trade.

Lucky man!! Only 7min power cut? Here in South Africa power cuts of 2 hours on a daily basis. They call it Load Shedding!!! Ha, ha, wonderful black Africa.

Aug 7, 2015 9:13am

Quoting Ojiego

Disliked

LOLz Bakker,
Maybe Jacob's multiple wives are using too much energy to cook for him?

BTW, I read one of his wives wanted to poison him .... is that true?

Ignored

Yes, that's true. So you're up to date with what is going on here? That's good buddy!

Aug 7, 2015 9:14am

Quoting Ojiego

Disliked

Guys you would not believe what happened to me 10mins ago!

I was just preparing for the NFP news when I had a power cut for 7minutes!!! I was just about going Short on the Euro! Now I am exhausted I can't even do a follow-up trade as I invested so much energy on this trade.

Well, such days come and go ....

Good luck every one .... I am out of the market for today

Ignored

Should of set limit orders.What I do on news days.Had 3 of my limits triggered .Good luck next time

Aug 7, 2015 4:20pm

Quoting Guest

Disliked

If you are not a swing trader...be one for once and wait it out!
EURO fan or USD fan...the shops are now slaughtering all the stops by ups and downs
swinging!

As a trader...got what it takes(skill and experience)...plus, the stomach for this...this is a lot of pips in a hurry!!!

Trade...rest well...trade.
Rain or shine...Monday or late FRiday!

Happy trading.

Ignored

well said

Aug 7, 2015 8:03am

Quoting Ojiego

Disliked

Guys you would not believe what happened to me 10mins ago!

I was just preparing for the NFP news when I had a power cut for 7minutes!!! I was just about going Short on the Euro! Now I am exhausted I can't even do a follow-up trade as I invested so much energy on this trade.

Well, such days come and go ....

Good luck every one .... I am out of the market for today

Ignored

you could use phone to make trade with your broker?

Aug 7, 2015 8:24am

Haven't been here in a while.
Noticed last night that the expected number was 224. Pundits said that if number was 154, sell USD. 294, buy USD.
Number came at 215, a slight bias to sell. But...the USD went up across the board.
Is there something I am missing?

Aug 7, 2015 7:43am

Guys you would not believe what happened to me 10mins ago!

I was just preparing for the NFP news when I had a power cut for 7minutes!!! I was just about going Short on the Euro! Now I am exhausted

I can't even do a follow-up trade as I invested so much energy on this trade.

Well, such days come and go ....

Good luck every one .... I am out of the market for today

Aug 7, 2015 8:28am

Quoting Bakker

Disliked

Lucky man!! Only 7min power cut? Here in South Africa power cuts of 2 hours on a daily basis. They call it Load Shedding!!! Ha, ha, wonderful black Africa.

Ignored

LOLz Bakker,
Maybe Jacob's multiple wives are using too much energy to cook for him?

BTW, I read one of his wives wanted to poison him .... is that true?

Aug 7, 2015 8:47am

Quoting ziga992

Disliked

Trade the technicals, not the news. Fundamental analysis comes in handy at large trends and fundamental shifts in market. But buying/selling short or mid term, depending on news is mere stupid...

Ignored

+1

Aug 7, 2015 7:43am

Quoting dbutton1990

Disliked

Sell the dollar. Big drop coming!

Ignored

I agree for the next 1-2 weeks. They're probably gonna raise rates to 0.25 in September. It doesn't make sense economically but the economy will overheat if they don't do something now.

This will probably be the first time in history (to my knowledge) where we see a credit crunch from 0.25/0.5 rate.

Aug 7, 2015 9:20am

Quoting dbutton1990

Disliked

Sell the dollar. Big drop coming!

Ignored

Based on what?

Aug 7, 2015 8:37am

Quoting 4xmenza

Disliked

I am an institutional trader and all we are doing is trading on the macro trend. Policy divergence is everything and every body that is ignoring it is getting killed. All of the big funds are short with limits between 1.04 and 1.01.

Ignored

I too have been saying the same. For example, the ADP number, earlier this week, provided yet another opportunity to sell into the "ignorant hope" that seems to permeate the e/u pair.

Further any positive news in labor, in this case # of hours worked (meaning workers making more $) forces the fed closer to action. To not do so, would run counter to part of their dual mandate.

In the near term, this does not bode well for spoos, etc, because the liquidity party in the U.S. markets will dry up as the cost of borrowing money to invest goes up.

So I reiterate my other posts. NFP, ADP, are really opportunities to hop on the short E/U train. I would not be a buyer of oil, nor gold, and would presume there to be a price erosion in spoos going into fall months then winter.

Cheers

Aug 7, 2015 7:41am

Sell the dollar. Big drop coming!

Aug 7, 2015 7:51am

it seems the euro effected more than the usdollar

Aug 7, 2015 9:36am

Quoting Davit

Disliked

Based on what?

Ignored

Look at your charts! Not only that the dollar index has been stuck in a range for several weeks. Look for it to break out to the south.

Aug 7, 2015 7:32am

Haha catalyst

Aug 7, 2015 9:56am

Quoting ziga992

Disliked

trade the technicals, not the news. Fundamental analysis comes in handy at large trends and fundamental shifts in market. But buying/selling short or mid term, depending on news is mere stupid...

Ignored

very true but, you can't tell news gamblers that!! Stupid people do stupid trades!!

Aug 7, 2015 10:11am

MM's are hunting for SL's. Go against the crowd. Your blind spot. No rate hike. US economy is not strong enuf to warrant it.

Aug 7, 2015 12:51pm

GBPJPY seems like head and shoulder on daily chart. But it's too early to tell. It could be a jumping step to 195. So have to wait.

Aug 7, 2015 8:23am

Quoting rafat habeb

Disliked

you could use phone to make trade with your broker?

Ignored

Nope! I do not have my BB-Passport yet for secured trading

Aug 7, 2015 7:34am

ohh god

Aug 7, 2015 8:04am

I am an institutional trader and all we are doing is trading on the macro trend. Policy divergence is everything and every body that is ignoring it is getting killed. All of the big funds are short with limits between 1.04 and 1.01.
I teach about 3000 students on line in an online trading room and they all went short last night in the thought of this report could not trump the macro trend and even if it did the trend would rescue trade and they would still profit. I have not made a buy trade since last may. Up 2500 pips in the pair.

Aug 7, 2015 9:42am

why reverse?..what a beautiful friday lol...

Aug 7, 2015 7:31am

Bullshit market!

Aug 7, 2015 7:38am

Always expect the unexpected ;(

Trader#FADF

Aug 7, 2015 7:47am

If you are not a swing trader...be one for once and wait it out!
EURO fan or USD fan...the shops are now slaughtering all the stops by ups and downs
swinging!

As a trader...got what it takes(skill and experience)...plus, the stomach for this...this is a lot of pips in a hurry!!!

Trade...rest well...trade.
Rain or shine...Monday or late FRiday!

Happy trading.

Aug 7, 2015 7:47am

Trade the technicals, not the news. Fundamental analysis comes in handy at large trends and fundamental shifts in market. But buying/selling short or mid term, depending on news is mere stupid...

Trader#76B7

Aug 7, 2015 7:54am

Because of the hype and anticipation of the Fed interest rate change people try to read into the unchanged employment data of 5.3 percent. NOTHING changed with the new data yet big spikes on both ends.

Nothing changed so the price action will come back into range/trend soon so buy and sell the spikes.

Trader#DA87

Aug 7, 2015 9:08am

quote ojiego,, Buy " un interupted power supply( UPS). It will give you enough time to execute your trade during power cut in the mains, especially during critical news events. At least you can have atleast 3 mins to complete your trade plan.

Aug 7, 2015 9:40am

gbp wil become trash curency falll 100 pibs in 1 h

Aug 7, 2015 9:48am

yep much too fall this weeks

Aug 7, 2015 10:00am

coming another 1000 pibs down

Aug 7, 2015 11:16am

was a late sell now will recovering 1 day before fall again

Aug 7, 2015 11:17am

buy gbpjpy till 192.51 after leet a sell all week

Aug 7, 2015 11:23am

buy now is a sure trade

Aug 7, 2015 11:24am

put a sl to dont break last low because can fall another 100 pibs

Aug 7, 2015 11:35am

this move must will be today (192.51 or 192.55) is sure!

Aug 7, 2015 12:16pm — Edited

http://prntscr.com/81z7oo

little impact will it play the dollar further down hard
I see usdjpy go to 118.878 to 146.9 ??

118.878
right in the head below the 118,878 will this and the value

Trader#1546

Aug 7, 2015 9:55am

Damn just out of no where boooom....! Lucky me to cash out first

Story Stats

Aug 7, 2015 7:31am
Posted by
Newsstand

High Impact Breaking

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Linked events:

US Average Hourly Earnings m/m

US Non-Farm Employment Change

US Unemployment Rate