NFP data give very small movement and reaction. Forex gap up: “the May jobs report suggests a solid pace of labor market improvement consistent with a larger overshoot of full employment. 50 so its another battle here.
Household Survey showed one stunning outlier print: in May the number of full-time jobs rose from 127. 657 million, a 904K increase in one month, offset by a 625 plunge in low-quality, part-time jobs. ISM Mfg PMI stronger than expected. Final Markit PMI a touch softer. G8 – now G7 as -Russia – is all about glad-handing and foxy smiles collusions about trade and co-ordinated financial intervention meddling support of those harmonized policies. 600-million cost of June 8 and 9 G7 summit in Quebec. First types to get paid: cops and other assorted killers.
Why – in this day n age of highspeed internet the G7 monkies can not do their colluding by way of a tele-conference is, to me, mysterious. Looking forward to seeing the employment numbers at 8:30 this morning. 117 and u see itll take a lot to move away from this zone. Trump gave us the jobs figure ahead of the algos!
I guess he won’t do that again! The anti-Trump press will have their hair on fire later today. Its the right of the algos to screw us every month! 17 comes into play and then 1. 1720-ish does not resist then 20 day 1. I think Tues should be fine to cover shorts near 1. Think till November elections US numbers will look great really great .
The cheerleading is just beginning . Many FX moves undone, as many traders took step ahead of estimating great numbers. Actionable trading levels delivered to YOUR charts in real-time. We are starting an affiliate program to market some of our products. Send me an email if you would be interested or if you know someone who would like to be an affiliate.