Financial Betting Articles
US Employment Situation Report
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market moving reports, containing reams
of consumer and employment information
compiled by our uncaring Orwellian
overlords (no I haven't read 1984
either) is sure to make taking a view an
exciting proposition.
The tastiest morsel is Friday's Employment Situation report which is anticipated Yank-side more avidly than a Philly cheesesteak with a side order of scrapple (don't worry about it - I had to look it up as well).
It covers US employment, unemployment, weekly hours and pay per hour. It's a great gauge of the current and future direction of the US economy. It also gives an indication of where wage trends are going and whether inflationary pressure is building up. The Fed gives heed and factors this data into their interest rate decisions. And if unemployment is up, expect it to reignite the sub-prime bush-fire as the newly jobless default on their mortgages.
Monday is all about you, the consumer. In Blighty, GfK reports on consumer confidence – not whether you dare try on those mauve serge trousers, but how the spending public feel about, you know, stuff. But it's not the finger in the air exercise that it sounds - confidence and household spending have correlated closely for decades. If the outlook is good, expect the FTSE to push up.
Similarly, in the land of the free, Personal Income and Outlays data reveals the lunatic grin of the spendthrift with a hand on the tiller of the US economy. With consumer spending accounting for two thirds of the economy, the outlay data in particular can move the Wall Street like nobody's business. Get involved at ChoiceOdds.com
The tastiest morsel is Friday's Employment Situation report which is anticipated Yank-side more avidly than a Philly cheesesteak with a side order of scrapple (don't worry about it - I had to look it up as well).
It covers US employment, unemployment, weekly hours and pay per hour. It's a great gauge of the current and future direction of the US economy. It also gives an indication of where wage trends are going and whether inflationary pressure is building up. The Fed gives heed and factors this data into their interest rate decisions. And if unemployment is up, expect it to reignite the sub-prime bush-fire as the newly jobless default on their mortgages.
Monday is all about you, the consumer. In Blighty, GfK reports on consumer confidence – not whether you dare try on those mauve serge trousers, but how the spending public feel about, you know, stuff. But it's not the finger in the air exercise that it sounds - confidence and household spending have correlated closely for decades. If the outlook is good, expect the FTSE to push up.
Similarly, in the land of the free, Personal Income and Outlays data reveals the lunatic grin of the spendthrift with a hand on the tiller of the US economy. With consumer spending accounting for two thirds of the economy, the outlay data in particular can move the Wall Street like nobody's business. Get involved at ChoiceOdds.com
The last 4 months Employment Situation reports have been followed by trading days with an average daily range of 162.4 ticks.
I don't like Mondays - and nor does the FTSE. The 2007 average daily move has been +3.0 ticks, but on Mondays, only +1.57 ticks.
The average intrabank GBP/USD rate daily change this year has been +0.04 of a cent, but on Employment Situation release days the average has been +0.3 of a cent; 7 and a half times better.
I can run flat out for 1.3 miles without passing out - go on, test me.
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