Mar 092012
 


6C 03 12 (1 Min) 03.09.12

3/9/2012 Monthly Unemployment Report (0200 HI time / 0700 EST)
Non Farm Jobs Forecast: 14.2K
Non Farm Jobs Actual:-2.8K
Previous Revision: n/a
Rate Forecast: 7.6%
Rate Actual:7.4%
INDECISIVE
Started @ 1.0073
1st Peak @ 1.0058 / Reversal to 1.0083 – 0201 (1 min)
-15 ticks / 10 ticks

Notes: Mixed report showing an unexpected loss of jobs when 14K gain was expected but a drop the in unemployment rate caused indecision. The drop in the rate was caused by a reduction of the labor force, so all the details were truly negative, but the headlines caused indecision. Market dropped 15 ticks in 1 sec, then retreated a little to hover in the 6-10 tick negative area. If you closed out here, you would have a modest 1-5 ticks profit. Then it reversed and would have hit the stop loss 40 sec into the 0201 candle if you had not closed out before then.