EUR/USD spiked up on the news, and then turned 180 straight down, and then some.
Anyone here think of a good rationale? just curious.
8:42 The gain in jobs easily surpassed Wall Street forecasts. Economists surveyed by MarketWatch, for example, predicted the U.S. would add a seasonally adjusted 121,000 jobs last month, with an unemployment rate of 8.5%.
||Final Services PMI||50.4||50.5||50.5|
||Retail Sales m/m||-0.40%||0.40%||
||Italian Prelim CPI m/m||0.30%||0.20%||0.40%|
||Non-Farm Employment Change||243K||150K||
||Average Hourly Earnings m/m||0.20%||0.20%||
|Up Next 10:00am||USD||
||ISM Non-Manufacturing PMI||53.1||52.6|
||Factory Orders m/m||1.50%||1.80%|
>> EUR/USD spiked up on the news, and then turned 180 straight down, and then some.
There was this, but I thought this was old news, baked-in, by now:
reported that prime minister Lucas Papademos might resign on Monday if he can't get his austerity measures through. Meetings with the other political parties to thrash out details of the measures to satisfy its creditors are nowGreek newspaper Ekathimerini has
expected to take place tomorrow.
13.21 Plans to hold talks among eurozone finance ministers on Monday should a deal to restructure Greek sovereign debt be reached with banks, have been abandoned, a source close to the Eurogroup told AFP.
It only took them 10 months to figure this out? This is absolute BS. The Bureau of Lying Statistics strikes again.
The total nonfarm employment level for March 2011 was revised upward by 165,000 (162,000 on a not seasonally adjusted basis). The previously published level for December 2011 was revised upward by 266,000 (231,000 on a not seasonally adjusted basis).
Very interesting move here in the EUR/USD, spike up to 1.3205, broke straight down to 1.3093, that's a big candle.
Ah, Papademos resignation rumors.
They must have known early in Asia as they gained for a good 4 days this week. Quite a pop this morning. Probably add a bit more on top of it and then drop from there next week.
I'm bailing on my SPXU with a small loss.