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Stock Market Daily Chat: Jan 30th - Feb 3rd - Page 31

post #601 of 850

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.

post #602 of 850

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%.

Wall Street reacted positively, with stock futures SP2H +1.01%  advancing after the report was published.

The U.S. gained 243,000 jobs in January and the unemployment rate dipped to 8.3%
post #603 of 850
Quote:
Originally Posted by Jamesw View Post

employment numbers more than likely. Someone knows something...


 

well, everyone knows something when they post the news public, right? lol 8.3% vs 8.5% EST, payrolls at 257k vs 160k est.

post #604 of 850

 

Date 8:46am Currency Impact   Detail Actual Forecast Previous
Fri 4:00am EUR
 
Final Services PMI   50.4 50.5 50.5
03-Feb 4:30am GBP
 
Services PMI   56 53.5 54
  5:00am EUR
 
Retail Sales m/m   -0.40% 0.40%
-0.40%
  5:00am EUR
 
Italian Prelim CPI m/m   0.30% 0.20% 0.40%
  7:00am CAD
 
Employment Change   2.3K 23.3K 17.5K
  7:00am CAD
 
Unemployment Rate   7.60% 7.50% 7.50%
  8:30am USD
 
Non-Farm Employment Change   243K 150K
203K
  8:30am USD
 
Unemployment Rate   8.30% 8.50% 8.50%
  8:30am USD
 
Average Hourly Earnings m/m   0.20% 0.20%
0.10%
   Up Next 10:00am USD
 
ISM Non-Manufacturing PMI     53.1 52.6
  Up Next10:00am USD
 
Factory Orders m/m     1.50% 1.80%

 

post #605 of 850
Quote:
Originally Posted by kylestt View Post


 

well, everyone knows something when they post the news public, right? lol 8.3% vs 8.5% EST, payrolls at 257k vs 160k est.



Yeah I just posted that

post #606 of 850

if u dont have an options account would you go long here?

post #607 of 850

>> 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:

 

1.22pm: Greek newspaper Ekathimerini has 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 now

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.

post #608 of 850

http://stats.bls.gov/news.release/empsit.nr0.htm

 

 

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).
post #609 of 850




 

Quote:
Originally Posted by JoeBloggs719 View Post

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.


 

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.

 

post #610 of 850

Bad day to have all puts. Thinking of bailing on all of them this am, we'll see how things look at the open, wasn't expecting (wanting) good reaction to jobs numbers today

post #611 of 850

i agree, but i think holding puts or being short over the weekend isnt a bad idea.

post #612 of 850
Well these numbers make sense. Obviously when you lay off all the seasonal workers, which brought down the unemployment rate to 8.5% in the first place, you'll see it fall down even more to 8.3%. Oh good ole' government manipulation. But perhaps I'm reading it wrong, maybe 8.3% is how many people are employed.
post #613 of 850
Quote:
Originally Posted by kylestt View Post


 

well, everyone knows something when they post the news public, right? lol 8.3% vs 8.5% EST, payrolls at 257k vs 160k est.



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.

post #614 of 850

rotfl.gif   thumbup.gif
 

Quote:
Originally Posted by tones View Post

Dude.. seriously.. santa needs to get his fatass out of town.. that bastard was late & now he won't leave.



 

post #615 of 850

Look at the not seasonally adjusted numbers in Table A-1. Employed went from 140.68 million to 139.94 million M/M. Not In Labor Force went from 87.21 million to 88.78 Million M/M…Y/Y was an over 2.6 million increase. The denominator is eroding.

 

 

post #616 of 850

hate this gap up bought SPY puts yesterday before close

post #617 of 850
Quote:
Originally Posted by RetireYoung View Post

i agree, but i think holding puts or being short over the weekend isnt a bad idea.



 



Quote:
Originally Posted by UWouldLose View Post

Bad day to have all puts. Thinking of bailing on all of them this am, we'll see how things look at the open, wasn't expecting (wanting) good reaction to jobs numbers today

 

I'm bailing on my SPXU with a small loss.
 

 

post #618 of 850

goog is up 1 percent in premarket i sold at 590.00. Im hoping to buy some cheaper today maybe 585

post #619 of 850

Been waiting for the 1340 area in the /ES to start shorting via puts for a while now, looks like we made it...

post #620 of 850

if this was already baked in there should be a selloff today

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