US Employment better than expected. Revisions better as well

Friday, September 3rd, 2010

Non Farm Payroll -54K vs -105 expected. Revision July -54K vs -131K.  -175 in June vs -221 originally
Private Payroll 67 vs 40 K expected Revison to 107K from 71K
Unemployment Rate 9.6% vs 9.6% expected

Revisions are higher for July as well. USDJPY moves higher. Look for support at 84.71-84.80 now.  85.45 next target. 

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Payrolls Numbers Better as Unemployment Stays the Same

Friday, September 3rd, 2010

Change in Nonfarm Payrolls:         Survey:  -105K          Actual:  -54K          Prior:  -131K      Revision: -54K

Change in Manufacturing Payrolls:         Survey: 10K          Actual: -27K           Prior:  36K          Revised: 34K

Change in Private Payrolls:         Survey: 40K          Actual: 67K          Prior:  71K          Revised: 107K

Unemployment Rate:         Survey:  9.6%          Actual: 9.6%          Prior:  9.5%      

Avg Hourly Earning (MoM) All Emp:    Survey:  0.1%          Actual: .3%          Prior:  0.2%         

Avg Hourly Earning (YoY) All Emp:    Survey:  1.6%          Actual: 1.7%          Prior:  1.8%      

Avg Weekly Hours All Employees:    Survey:  34.2          Actual: 34.2          Prior:  34.2    

Market remains contained as the Key Employment Report eyes

Friday, September 3rd, 2010

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GBPUSD Levels to watch

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USDJPY Levels to watch

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USDCHF Levels to watch

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EURJPY Levels to watch

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USDCAD Levels to watch

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