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Post# of 648882
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sludgehound

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sludgehound

Re: EZ2 post# 545100

Wednesday, 08/06/2014 9:50:18 PM

Wednesday, August 06, 2014 9:50:18 PM

Post# of 648882
Saw EGLE jump. Australia jobless up.
EGLE they still may do a pre pack Bk. Baltic dry index bit inching up again, but just inching. This Australia UI doesn't smell of a global shipping run yet. Need more signals. They move fast once they buy into idea of doing so.

21:37
AUD/USD fell from 0.9350 to 0.9310 after weaker Australia employment data 
The eye-catcher in the rise in unemployment to 6.4 from 6.0% 
Consensus was 6.1%
Full-time employment rose 14.5K even though total jobs minus 300 
Higher unemployment rate has dovish implications for RBA outlook 
Support for the AUD/USD is found at the 0.9275 trend low.
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Australia Jul Employment -300; Consensus +12000
Australia Jul Part-Time Employment -14,800

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

~ Thomas Sowell

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