16.30 possible large-scale movement of data on Nonfarm Payrolls

Written by admin on September 4th, 2009

  Yesterday, the Dow Jones index closed by growth at 0.69% and Shanghai index today rose as 0.58%. Yesterday's data on an index of purchasing managers in the services the U.S. in August again came good, with growth of 46.4 to 48.4. Thus, all the still unreleased forward looking data for August show a positive, so that, contrary to the index ADP, today, all signs should go good Nonfarm Payrolls. On the other hand, data on applications for unemployment seems to be not encouraging, the last month and a half weekly applications out in the range from -600 to -550 thousand thousand Meanwhile, the euro-dollar marches around the middle of trading range over the last days, so that intrigue before the data is stored on all 100%. Technically the picture is absolutely neutral, we can assume the possibility of a dvuhfigurnogo jump up and down dvuhfigurnogo failure. Recall that all the past three times the euro showed a strong decline in the data, despite the fact that in two cases Payrolls came out better than forecast, but sold the euro against the initial reaction. Moreover, it is obvious that such powerful reactions, on June 5 and August 7 would have been impossible without a deliberate action on the market of large players, allegedly to prevent the premature fall of the dollar. The same powerful impact can be expected today, but we anticipate pulling up quotes. We continue to believe that the way up the euro in early August, above the 1.44 mark causes the fact that major players have neither the capacity nor the desire to dump the euro down. We also expect that we expected U.S. interest in weakening the dollar to support their industry will finally reflected in the chart price. It should be understood that if the situation and the dollar will remain the same, then the United States, which are still the largest industrial power, quickly cease to be such. The U.S. auto industry already effectively lost.

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