May 2018 US Non-farm payrolls and labour market report 01 June 2018
- Prior 164k. revised to 159k
- Private payrolls 218k vs 183k exp. Prior 168k. Revised to 162k
- Manufacturing payrolls 18k vs 20k exp. Prior 24k. Revised to 25k
- Government payrolls 5k vs -4k prior. Revised to -3k
- Unemployment rate 3.8% vs 3.9% exp. Prior 3.9%
- Average hourly earnings 2.7% vs 2.7% exp y/y. Prior 2.6%
- 0.3% vs 0.2% exp m/m. Prior 0.1%
- Average hours 34.5 vs 34.5 exp/prior
- Participation rate 62.7% vs 62.8% prior
- U6 underemployment 7.6% vs 7.8% prior
This is one of those reports that calms nerves rather than raises expectations. As mentioned in the preview, look for some positivity from recent players questioning the Fed’s path. It’s a good report but not boat rocking.
USDJPY up to 109.68 but finding those profit takers. EURUSD hits at 1.1648 low but bounces to 1.1671.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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