We’ve mentioned several times that the NFP numbers will be published lunch time UK time today, 8:30 eastern time in the USA, as opposed to the usual Friday. The 18 day delay is due to the temporary govt. shutdown. We’ve also mentioned that the number for the jobs created might be an ‘outlier’, a rogue number as a consequence of the shutdown, therefore traders shouldn’t look too deeply into the print as it could be misleading. It may be overly optimistic, similarly the print may come in way above economists’ predictions. We’ve witnessed the effect the lack of data from California and Nevada had on the weekly unemployment claims over recent weeks, therefore traders would be advised to proceed with extreme caution when attempting to trade this high impact news event. blog.fxcc/all-eyes-on-nfp-numbers-this-afternoon-as-uks-net-sector-debt-shrinks-due-to-increased-tax-receipts
Posted on: Tue, 22 Oct 2013 09:50:00 +0000
Trending Topics
Recently Viewed Topics
© 2015