Interest Rates
Discussion
g4ry13 said:
Retard said:
g4ry13 said:
Also lots of data from the US out later on will be pivotal.
What data's that? 
All i've really got is this:Initial Jobless Claims (US) (13:30)
Retard said:
g4ry13 said:
Retard said:
g4ry13 said:
Also lots of data from the US out later on will be pivotal.
What data's that? All i've really got is this:Initial Jobless Claims (US) (13:30)
Edited by g4ry13 on Thursday 6th December 11:08
Guys, care with the claims, there should be some correction with respect to last weeks high 352k print compared to 330 expectation, this was due to the previous thursdays thankgsgiving holiday which messes around with the claims,,in short don't read too much into it as they average, plus of course it is not NFP survey week 
Of far more interest was yesterdays ADP non farm survey, this came in at a 189k private job gain and an additional 19k for Govenment jobs totalling 208k expectation....on the back of this a economists have upped their forecast from their previous median expectation of 65k increase. Of course there is a dnager that ADP is also screwed by seasonals, but it has been getting more note in recent months.
So, it could be interesting tomorrow,,,,U/R whether it is 4.7 or 4.8 is not over important as you need to know the change in the size of the pool of available workers,,,initial print and previous monthly NFP revisions are of more value.
Of far more interest was yesterdays ADP non farm survey, this came in at a 189k private job gain and an additional 19k for Govenment jobs totalling 208k expectation....on the back of this a economists have upped their forecast from their previous median expectation of 65k increase. Of course there is a dnager that ADP is also screwed by seasonals, but it has been getting more note in recent months.
So, it could be interesting tomorrow,,,,U/R whether it is 4.7 or 4.8 is not over important as you need to know the change in the size of the pool of available workers,,,initial print and previous monthly NFP revisions are of more value.
Yeah, I'm seriously considering not trading tomorrow as I need to be out of the office by about four, and I could end up in all sorts of daft positions with the N-F.
By the way, I somehow made £12.50 on that december position, short sterling fell
Edited to remove reason on second thoughts!
By the way, I somehow made £12.50 on that december position, short sterling fell
Edited to remove reason on second thoughts!
Edited by Retard on Thursday 6th December 12:12
Retard said:
Hope Gary didn't press the button
My shirt!! 
Not to worry, I didn't - I only said I would if they held. Just waiting for things to get back to a stable level then i'll go from there. It was very exciting though - I had my trigger finger ready, better put it away for another day then
Retard said:
Yeah, I'm seriously considering not trading tomorrow as I need to be out of the office by about four, and I could end up in all sorts of daft positions with the N-F.
By the way, I somehow made £12.50 on that december position, short sterling fell
Edited to remove reason on second thoughts!
You the Man! that will just about get you a grilled cheese panini at Birleys By the way, I somehow made £12.50 on that december position, short sterling fell
Edited to remove reason on second thoughts!
Edited by Retard on Thursday 6th December 12:12
Hardly worth it was it...much better to put your energies into real positions than worrying about the small change.
I do have real positions too... I see no harm in a bit of fiddling, especially as it was more a gamble than a trade, but I do get your point, that sort of manouever isn't the way to easy riches... going short based on the ADP and stock market on Euroswiss yesterday made a wee bit more sense, so lucky I did
Sure, but I don't really care about *that*, point is I made two ticks on it, a tick is £12.50, and I keep half of it. Although there is a pound round trip charge, so £24 for account, £12 to me. If I invoice you 50p for writing this post then I could make the £12.50, right?
Edited by Retard on Thursday 6th December 12:41
Noel said:
[quote=ginettag27 No one will drop their rates (a bit like Oil price increases this one!) - but if it goes back up by .25 then they'll raise their rates...!
Agreed, the banks won't pass any reducing in rates on. I was drinking with some guys from RBS who confirmed as much.http://news.bbc.co.uk/1/hi/business/7130826.stm
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