U.S. Continuous Jobless Claims
Rep: 1,906k 🚨Higher than Expected 🚨
Exp: 1,889K
Prev: 1,898k (revised down from 1,905k)
Continuous claims came at 1,906k which is 8,000 higher than last weeks revised 1,898k.
The Trend
Since Sept 2022 continuing claims have increased from 1.302m to 1.906m (604k+).
This is significantly concerning trend & suggests that an...
KOG REPORT – NFP:
This is our view for NFP tomorrow, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings...
Hi Traders!
Ahead of the NFP announcement later, EURUSD is trading near its weekly high in anticipation of possible weak jobs data coming out of the US.
Price Action 📊
The market's price action is currently bearish, largely due to the double-top pattern. The market recently had price rejections at the weekly high of 1.06750. That being said, we are currently...
Wanted to quick share a SPY chart ahead of the December Jobs Data, which is scheduled to be released tomorrow morning Friday, January 6th: UNEMPLOY USNFP
Unemployment Rate (UNRATE)
Unemployment Level (UNEMPLOY)
Non Farm Payrolls (USNFP)
Average Hourly Earnings YoY (USAHE)
Participation Rate (USLFPR)
Manufacturing Payrolls (USMP)
Average Weekly Hours...
Fundamentals point to a more aggressive Fed response; expecting claims to come in softer tomorrow - asset flows particularly bonds support this view
Expecting a large move higher in USD and a large drop in XAU tomorrow if initial/continuing claims come in softer than expected
Jobs growth in August way off market’s expectation.
Last Friday, the U.S. Bureau of Labor Statistics reported 235,000 jobs being created in August, way below the market’s expectation of 720,000. The leisure and hospitality sector, the main driver behind the strong jobs growth for the past several months, added zero jobs amid the rise in COVID cases. With the...
