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Swing Trading with Raul3

Raul3
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

June Change in Non-Farm Payroll Comes in Well Below Expectation

Raul3 Fri Jun 3, 2016 8:34am EST 1 Comment

The robots are taking over all summer jobs.

Unemployment rate 4.7% verse 4.9% forecast

Change in non-farm payrolls 38k verse 160k forecast

Unemployment rate is lower but so what?  Look at that change in NFP, brutal.

Traders expectations for a June rate hike have been tempered.  The initial reaction is selling across U.S. index futures.  They are currently pricing about a 5% chance of a June rate hike down at the CME Group:

FEDFUND-06032016

UPDATE – Traders are pricing in only a 3.8% chance of a rate hike, post NFP:

FEDFUND-06032016-2

 

 

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One comment

  1. mbull
    mbull
    June 3, 2016 at 9:25 am

    Do we see a ‘return to the scene of the crime’ move this morning?

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