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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
and, as FT says, 'More encouraging components of the jobs report included the continued strength of manufacturing payrolls and increases in the average workweek as well as hourly earnings which bullish economists pointed to as signs that companies are on the cusp of a wave of new hires.'
this aside the bloodless thin number of new jobs created in private industry sector shows clearly
deflation is not a remote possibility it is HERE. If total income from jobs remains subdued or is even waning it is utter nonsense to warn of inflation.
Ashraf
Ashraf
Ashraf
Very true words, those! The markets are so complex, sometimes reasons and directions are fairly obvious, but there is also randomness.
So if we do get a UNANIMOUSLY disappointing US jobs report i.e. RISINg unemp rate and FALLING payrolls and SLOWING private payrolls, then USD will end lower after initial whipsaws.
Payroll days are usually very volatile so be careful.
and dont try to be a hero and draw grand conclusions at every twist and trun of the market.
Ashraf
Ashraf