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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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ozzy
brampton, Canada
Posts: 14
14 years ago
Apr 2, 2010 15:50
hi nzvik

Thanks for chart....
sydneyjames
Australia
Posted Anonymously
14 years ago
Apr 2, 2010 15:32
Thanks macrosam for ur explaination :)
Ginger
Posted Anonymously
14 years ago
Apr 2, 2010 15:21
Big fall in the Euro today - looks like the bearish trend will continue for some time yet and the rise last couple of days was a dead cat bounce due to funds repositioning activities. Looking forward to 1.33 then 1.32 followed eventually by 1.30 and 1.25.
macrosam
United States
Posts: 190
14 years ago
Apr 2, 2010 14:13
The composition of the numbers is what matters, not the headline itself. More jobs from the census and govt. were expected = more padding was expected. Private job gains were higher than anticipated, i.e. that source of gain comprises a higher % of the number than anticipated. HOWEVER, the private gains includes the snowstorm impact from Feb so that does temper this a bit. Overall the number is at least what was expected in terms of meaningful jobs added.
sydneyjames
Sydney, Australia
Posts: 348
14 years ago
Apr 2, 2010 14:11
how is this stronger than expected? expected was 190k, actual was 162k
macrosam
, United States
Posted Anonymously
14 years ago
Apr 2, 2010 13:51
Sunday will see more volume I'm guessing as they'll have the weekend to digest the report, but here is what I see:

Less padding impact than expected from census and govt. created jobs
Private payrolls rise by 123K
Ex-census, March payrolls are up by 114K
Unrounded unemployment at 9.749%
macrosam
United States
Posts: 190
14 years ago
Apr 2, 2010 13:41
Looking to add to shorts but want to get a better entry
macrosam
United States
Posts: 190
14 years ago
Apr 2, 2010 13:37
Stronger than expected payrolls if you take out census
macrosam
United States
Posts: 190
14 years ago
Apr 2, 2010 13:35
US yield curve steepening, selling off 1-3 bps across the curve, higher 10yr rates, next week we have more back end supply (10s, 30s) could add more pressure on rates, aiding the 10yr UST-Bund spread analysis of Ashraf's
macrosam
United States
Posts: 190
14 years ago
Apr 2, 2010 13:30
+162K vs +184K expected
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