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

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%.

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

 

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

 

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%

 

Yeah I just posted that

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

>> 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.

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).

 

 

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.

 

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

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.

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.

   
 

 

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.

 

 

hate this gap up bought SPY puts yesterday before close

 

 

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

 

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

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

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