The fact of the matter is that the bond market started getting pretty weak earlier in the week . . . and people that had a few brain cells were well aware that the end of the grocery strike involving Albertsons, Kroger, and Safeway was gonna add back 72,000 jobs! And I would beg to differ with anyone that actually thinks that these jobs are somehow "new". http://biz.yahoo.com/rf/040326/economy_labor_strikes_1.html
Does it pay well ? Can I apply to US Presidency if I'm french, that's the urgent questions I am asking myself
German magazine "Der Spiegel" reports that CFTC, Labour Department and SEC have started investigations, it appears to have been a leak. They also mention the Reuters article and state that the time stamp (8:28) is wrong due to a computer error in London; according to Reuters managment, it was released exactly at 8:30 http://www.spiegel.de/wirtschaft/0,1518,294047,00.html
Fri Apr 2, 2004 04:28 PM ET By Andrea Hopkins WASHINGTON, April 2 (Reuters) - The U.S. Labor Department and market regulators said on Friday they were looking into a possible leak of employment data because of significant moves in financial markets before official release of the report. While the Labor Department stressed it did not believe a leak had occurred, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) said they were reviewing market activity around the time of release of the closely-watched March payrolls report. Some analysts are convinced the surprisingly robust jobs report was leaked before its official 8:30 a.m. (1330 GMT) embargo, causing unusually large price movements in financial markets about two minutes before the official release time. Bond, currency and stock futures markets all showed moves greater than the usual volatility that is often seen ahead of the release of closely watched economic data. The report said that U.S. non-farm payrolls climbed a steep 308,000 in March -- the biggest gain since April 2000 and well above the 103,000 rise expected by Wall Street. "I think it's accurate to say we are looking into it and talking to other parties that would have an interest in making sure that something didn't happen that was inappropriate," Alan Sobba, the CFTC's director of external affairs, told Reuters. SEC spokesman John Nester said: "We're looking into it. The SEC routinely looks at trading that takes place in advance of market-moving news." A spokesman at the U.S. Labor Department said it was not unusual for markets to move just before data is released as traders place last-minute bets on the numbers. "We're reviewing our procedures and reviewing today's lockup. We have no indication ... that there was indeed a leak," Labor Department spokesman Bob Zachariasiewicz told Reuters. TRADERS SUSPICIOUS Many market players believe the data began to leak into the market a few minutes before the official release time. "You can see the price action. It smells like a leak and walks like a leak. It happened two minutes before the release ... You could see the euro was selling off against the dollar," said Monica Fan, chief currency strategist for Europe at Royal Bank of Canada. The large price moves began in the fixed income market, traders said. "It started in the fixed income market and then spilled over into forex. Not just one or two trades. The whole market was involved," said one senior dealer at a major European bank in New York. Several groups of people get an early look at the payrolls report. Bureau of Labor Statistics (BLS) officials have parts of the data for several days before it is released, but security at the agency is tight. On the day before the release, the number is given to President George W. Bush through his economic team, the Council of Economic Advisors. The BLS said it gives the data to no one else. Neither the Labor Secretary, Elaine Chao, or Federal Reserve Chairman, Alan Greenspan, see the data ahead of its release, though it is widely believed Bush's advisors share the data with key cabinet and Fed officials so they can prepare a response. Finally, 30 minutes before the 8:30 a.m. embargo, journalists are given the data in a locked room at the Labor Department. Communication is restricted and journalists agree not to transmit the data early. Some market players at first suggested Treasury Secretary John Snow had indicated the number was going to be surprisingly strong, after he said Thursday: "I think we'll see that we are beginning to create a lot of new jobs." But Snow also explicitly said he had not seen the report, and a Treasury spokesman said Snow was simply repeating his oft-stated belief that the jobs market was looking up, rather than focusing specifically on March data. Reuters Group Plc, the news and information provider, was also briefly a suspect after one of its stories was sent to some clients with an 8:28 a.m. timestamp. But company officials explained that a technical glitch had produced the incorrect timestamp and stressed that it did not break the data embargo. (Additional reporting by Gertrude Chavez, Dan Bases, John Parry, Christina Ling and Laura MacInnis) © Reuters 2004. All Rights Reserved.
You've almost guessed: some extraterrestrials send it through the space from Orion Galaxy using Microwaves and I have just to push a button to cook it . Same probably for Gann that's why he wrote a book "Tunnel thru the Air" I am reading now .
Hahahaha trust them for sure "Several groups of people get an early look at the payrolls report. Bureau of Labor Statistics (BLS) officials have parts of the data for several days before it is released, but security at the agency is tight. On the day before the release, the number is given to President George W. Bush through his economic team, the Council of Economic Advisors. The BLS said it gives the data to no one else. Neither the Labor Secretary, Elaine Chao, or Federal Reserve Chairman, Alan Greenspan, see the data ahead of its release, though it is widely believed Bush's advisors share the data with key cabinet and Fed officials so they can prepare a response."
The extraterrestrials were kind again today I said Friday watch out retest of 10556 and we made today on Monday a top at 10558.66 http://www.elitetrader.com/vb/showthread.php?s=&threadid=27723&perpage=6&pagenumber=5 <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=466592>
CFTC looking into market activity around jobs data WASHINGTON, April 2 (Reuters) - The U.S. Commodity Futures Trading Commission is looking into market activity around the time of the release of Friday's U.S. March jobs data and is talking to other federal regulators, a spokesman said. "I think it's accurate to say we are looking into it and talking to other parties that would have an interest in making sure that something didn't happen that was inappropriate," Alan Sobba, the CFTC's director of external affairs, told Reuters. http://www.reuters.com/financeNewsArticle.jhtml?type=economicNews&storyID=4740000