Jobs Report Stronger Than Expected
The market is rallying again in early trading after a much better jobs report than the consensus was looking for. Nonfarm payrolls for August fell 54,000 but that was far less than the 120,000 that was expected. Moreover, private payrolls rose 67,000, which was considerably stronger than the 44,000 expected gain.
Guesstimates on September 3, 2010
September S&P E-mini Futures: Today's range estimate is 1092-1108. The ES is headed for 1140 and higher
QQQQ: Headed for 47.50.

Category: General Market Tags:
Very Good Non-Farm Payrolls Report
I published this report on FX360.com this morning (if you haven’t read it already)
Star Money Articles and Carnivals for the Week of Aug 30
Let's start off with a reminder: FMF is on Facebook. Every weekday I post a couple pieces that usually aren't on FMF. It's a great way to connect and get some extra money advice/news if you're on Facebook quite often.
Here are some pieces I found especially worthwhile and some of the carnivals Free Money Finance was in this week and my posts that were included:

Category: Personal Finance Tags:
NFP or Russian Roulette anyone
It’s like attending a bingo session. All eyes will be down waiting for the highly anticipated employment print this morning. Will this week’s ADP report translate into a much weaker jobs number? Will the stubbornly elevated weekly claims push the unemployment rate up two ticks? Will analyst’s consensus of a headline loss of -100k jobs and no growth in the private sector provide us with a non-event as we head into the ‘labor’ weekend? Expect liquidity to be thin as many New Yorkers skip out of town averting the storm ahead of the holiday. It’s another crap-shoot.
The Four CFO Rules
The following is an excerpt from Your Life & Your Money In the book the author says every family needs a chief financial officer (CFO), and he gives these four rules for that person.
Do what you can, with what you have, where you are.—THEODORE ROOSEVELT

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Trading In Emerging/Exotic Currencies Increases
The long wait is over! The Bank of International Settlements (BIS) has just released the results from its Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, conducted in April 2010. The report contains a veritable treasure trove of data, perhaps enough to keep analysts busy until the next report is released in 2013. [Chart below courtesy of WSJ].
Guesstimates on September 2, 2010
September S&P E-mini Futures: Today's range estimate is 1075-1093. The ES is headed for 1140 and higher
QQQQ: Headed for 47.50.

Category: General Market Tags:
NFP herding us to No Mans Land
Better industrial data out of China and the surprising ISM print in the US has every, already confused trader, becoming ‘more lost’ in whatever convictions they have left. At least we have the NFP crap-shoot still to come, that is bound to surprise. We may give up all we have gained in a heart beat this week and we would be none the wiser! Interpreting trading strategies is like a new form of ‘ping-pong’, back and forth with risk appetite. This morning the EUR remains king and has managed to extend its gains in the wake of a well received French and Spanish auctions.
Reader Mailbag: Dream House
What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question.
1. 401(k) profit sharing
2. Online job application tips
3. Illness and challenges
4. College freshman advice
5. Mortgage decisions
6. Annuities for retirement?
7. Refinancing questions

Category: Personal Finance Tags:
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Popular Today
- 6The Current Hottest Stocks
- 6Cooking Up An Inverse Head and Shoulder Reversal
- 6Trading In Emerging/Exotic Currencies Increases
- 6Very Good Non-Farm Payrolls Report
- 6Guesstimates on September 3, 2010
- 5Mosseri and Loud: Hedge Your Bets
- 5Daily Market Commentary: Low Volume Gains
- 5Link Roundup: Transmission Trouble Edition
- 5Star Money Articles and Carnivals for the Week of Aug 30
- 5Bookkeeping: Some Sales


