I was left with the impression that it was last week but I was clearly wrong. Not much of an effect as usual.

Non farm payroll is in 10 hours everyone....

moey_dw wrote: Fri Apr 05, 2019 1:06 pm Non farm payroll is in 10 hours everyone....

Thanks for reminding us!

30 mins to go

np chu :!:

Is it going to be another non-event, I wonder.

US Non Farm Payrolls: 196K (est 177K)

Non-farm payrolls for March 2019

• Prior was +20K (revised to +33K)
• Estimates ranged from 145K to 277K
• Two month net revision +14K
• Unemployment rate 3.8% vs 3.8% expected
• Participation rate 63.0 vs 63.2% prior
• Avg hourly earnings +0.1% vs +0.3% exp
• Avg hourly earnings +3.2% y/y vs +3.4% exp
• Private payrolls +182K vs +177K exp
• Manufacturing -6K vs +10K exp (first decline since Oct 2016)
• U6 underemployment 7.3% vs 7.3% prior

The headline number will relieve a bit of angst after the poor February print but the earnings numbers are poor. For stock markets, this is a bit of a goldilocks number because you have a decent economy without the threat of hikes because of rising wages. However, it's a negative for the dollar because it underscores that the Fed is done hiking for the cycle.

Source:

vvFish wrote: Sat Apr 06, 2019 3:05 am

Haha the 1 minute man strikes again!
Good work bro.

EUR/USD barely reacted as usual. If I didn't know the NFP had come out I wouldn't have guessed by the chart.

6 hours to NFP. wFish strikes again?