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The Really Useless Thread

  • #149,461
  • Apr 7, 2017 7:46am Apr 7, 2017 7:46am
Quoting Pharm0r
{quote} We've discussed it before EU thread. At the risk of sounding nationalistic... US military can decimate all other military's bar none. Russians and China included. 3 reasons 1. Military base proximity to other countries (how many foreign military bases are in US?) 2. Carriers....IE the ability to project military power away from nation with nukes, troops, planes, supplies, etc. US has 19 compared to combined world of 12 3. Technology/Spending The great equalizer is nuclear, so he who has the most wins... or nobody wins.
agree.
those who can, do. those who cant, talk about those who can
  • #149,462
  • Apr 7, 2017 7:47am Apr 7, 2017 7:47am
Quoting Pharm0r
I'll add that I'm against war, I actually think it'd be nice if we were all one nation with no religion other than Humanship. Imagine the possibilities the human race could achieve as one. The primitive part of the human brain is a real pain in the ass... Anyway
especially in prison
those who can, do. those who cant, talk about those who can
  • #149,463
  • Apr 7, 2017 7:51am Apr 7, 2017 7:51am
Watch out Euro (via dollar) triggering a flush down across the currency board...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,464
  • Apr 7, 2017 7:56am Apr 7, 2017 7:56am
AU as well
  • #149,465
  • Apr 7, 2017 7:56am Apr 7, 2017 7:56am
eu 0585 norm may not be enough since usd has not reached 101.52.
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those who can, do. those who cant, talk about those who can
  • #149,466
  • Apr 7, 2017 8:01am Apr 7, 2017 8:01am
Decent employment report. No real shaker there. Certainly no substantive bad news of any kind.
From the report:
"The unemployment rate declined to 4.5 percent in March, and total nonfarm payroll employment edged up by 98,000,
the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services and in mining, while retail trade lost jobs."
"In March, average hourly earnings for all employees on private nonfarm payrolls increased by 5 cents to $26.14,
following a 7-cent increase in February. Over the year, average hourly earnings have risen by 68 cents, or 2.7
percent."
And finally:
"The change in total nonfarm payroll employment for January was revised down from +238,000 to +216,000, and the change for February was revised down from +235,000 to +219,000. With these revisions, employment gains in January and February combined were 38,000 less than previously reported"
Headline CNBC:
" Job Growth Whiffs Badly in March US created only 98,000 jobs in March, vs 180,000 expected.
--"What a number. This makes your jaw drop," said Naeem Aslam, chief market analyst at blah, blah, blah..
  • #149,467
  • Apr 7, 2017 8:01am Apr 7, 2017 8:01am
Buying ED, I think I saw this NFP play before, risk 30pips, target ~1,068
  • #149,468
  • Apr 7, 2017 8:03am Apr 7, 2017 8:03am
Quoting gatorinla
{quote} usd 101.52... then 97/96.xx... but real target 94.6x. (almost impossible with rate hike, but it's what chart shows).. 108.xx bounce may take over after before a deeper move. well above my paygrade.. chart was posted a few days back. at odds with fundies and most well thought out professional opinions. what could/would cause something like this? i dont know.. but the usd/jpy has room to drop. that is usually where equity's go in tandem. a little rate hike could trigger what usd/jpy is showing.
still room.. 101.52.. eu wise the pips may be double what usd shows. or about 120 pips below atm level at 0620.. maybe 0500 ish.. or less
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those who can, do. those who cant, talk about those who can
  • #149,469
  • Apr 7, 2017 8:10am Apr 7, 2017 8:10am
Is it acting as a Flop???
  • #149,470
  • Apr 7, 2017 8:19am Apr 7, 2017 8:19am
Quoting goosebone
Decent employment report. No real shaker there. Certainly no substantive bad news of any kind. From the report: "The unemployment rate declined to 4.5 percent in March, and total nonfarm payroll employment edged up by 98,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services and in mining, while retail trade lost jobs." "In March, average hourly earnings for all employees on private nonfarm payrolls increased by 5 cents to $26.14, following a 7-cent increase in February. Over the year,...
Don't forget to check the other sources to have the full balance view. Use Bloomberg for the other side of CNBC and then later read the proper technical opinions from more balance sources (FT, etc....)

On your comments:

 

  1. I would just hint you that what economists and markets are tracking since DEC is that we have already reached full employment so its technically impossible to have huge NFP numbers for much longer but rather reducing unemployment rate and increasing avg earnings .... so today's flop in combination with the rest is a strong signal that full employment is confirmed and we are entering in a different phase in Employment and the economy...
  2. Today's story was/is not really NFP (yes it is but limited) but about Treasuries, Bonds and risk ...

Check the open...

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,471
  • Apr 7, 2017 8:25am Apr 7, 2017 8:25am
Quoting sisse
{quote} Don't forget to check the other sources to have the full balance view. Use Bloomberg for the other side of CNBC and then later read the proper technical opinions from more balance sources (FT, etc....) On your comments: I would just hint you that what economists and markets are tracking since DEC is that we have already reached full employment so its technically impossible to have huge NFP numbers for much longer but rather reducing unemployment rate and increasing avg earnings .... so today's flop in combination with the rest is a strong...
Yes. Definitely. I had noted the most biased looking one I saw off the bat.
Employment took a backburner as soon as risk came into focus last night.
  • #149,472
  • Apr 7, 2017 8:27am Apr 7, 2017 8:27am
Quoting sisse
{quote} Don't forget to check the other sources to have the full balance view. Use Bloomberg for the other side of CNBC and then later read the proper technical opinions from more balance sources (FT, etc....) On your comments: I would just hint you that what economists and markets are tracking since DEC is that we have already reached full employment so its technically impossible to have huge NFP numbers for much longer but rather reducing unemployment rate and increasing avg earnings .... so today's flop in combination with...
code for wage inflation. the last step in a decent economy. many times after employment rate rises for a few reads, as more people get off the fence and job search due to better wages and outlooks. #cheaperenergy
those who can, do. those who cant, talk about those who can
  • #149,473
  • Apr 7, 2017 8:29am Apr 7, 2017 8:29am
Looks like three dead in Stockholm as a result of a truck being driven into a department store.....story still developing
Look Sharp/Trade Tight
  • #149,474
  • Apr 7, 2017 8:34am Apr 7, 2017 8:34am
Swedish police are calling it an attack it seems...
Look Sharp/Trade Tight
  • #149,475
  • Apr 7, 2017 8:35am Apr 7, 2017 8:35am
Quoting PayTheLimit
Looks like three dead in Stockholm as a result of a truck being driven into a department store.....story still developing
those who can, do. those who cant, talk about those who can
  • #149,476
  • Apr 7, 2017 8:43am Apr 7, 2017 8:43am
still bearish will cover at 1.06 hope for some stops flush
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  • #149,477
  • Apr 7, 2017 8:53am Apr 7, 2017 8:53am
Quoting gatorinla
{quote} You dont think DT called Putin and told him. "we have to do it, to fool my people. i got pressure coming down on our election agreement. clear all your men out and we will attack that old airport. let me know when its clear"?
loud and clear after the dust settled
http://thehill.com/policy/defense/32...ional-response
those who can, do. those who cant, talk about those who can
  • #149,478
  • Apr 7, 2017 8:55am Apr 7, 2017 8:55am
lots of chatter, seems possible that armed men are on the loose in downtown Stockholm, but its all sketchy right now....and there are reports of another attack, if your up that way, stay put...




Swedish PM calling it an attack..AP
Look Sharp/Trade Tight
  • #149,479
  • Apr 7, 2017 9:08am Apr 7, 2017 9:08am
Hopefully the later reports are erroneous, as is the case many times with these things, and the attack is over...
Look Sharp/Trade Tight
  • #149,480
  • Apr 7, 2017 9:27am Apr 7, 2017 9:27am
Quoting PayTheLimit
Hopefully the later reports are erroneous, as is the case many times with these things, and the attack is over...
Hope you are right. Sad day. Three dead in most recent report I saw.
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