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Data matters

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Outlook: The payrolls report on Friday was confusing to some. Yes, the number of new jobs creat-ed disappointed on the downside, but average wages rose 2.5% y/y and that was the important number. We also got a drop in the unemployment rate from 5% to 4.9%, but we say that’s a dumb number no-body should pay attention to because the data collection process is haphazard, to be charitable. The fixed income and FX market was the right place to look for the correct interpretation of the pay-rolls

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