Wednesday 23 October 2013

NON FARM PAYROLLS DISAPPOINTED ME FOR THE FIRST TIME


Hi everyone as I said in my last article I promise that I try to write article everyday.As you probably know the US Congress passes the bill and rise the debt.Starting with this movements the things seems to go in to the normal on financial markets.

The important economic data of this week was with no doubt Non Farm Payrolls important economic indicator in US.This indicator measures the number of jobs excluding farming industry who was created in the previous month,it is called the indicator which move the markets.

Traders of all round the world wait this economic report for every month ,at ussualy it's published  friday in the first week of month.

After the goverment was shutdown the public institutions  closes their activities and reopen after the bill passe in Congress.In september was created only 169 K jobs in us,for october the economists forecast 182 K jobs.But as many time economists were wrong the official data was 148 k jobs in us in octomber and the unemployment rate 7,2%.

The reaction in Fx markets was sell us dolar.But where came my frustration? All most of all currencies pairs with us dolar reported important movements but with only exception (USDJPY)

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