NFP Came in at 18,000 jobs added for the month of June, way less than expected as some analysts were coming in at +125,000 to be added - and people get paid to predict stuff like that?
Small gains in the private sector barely outweighed govt job losses.
Unemployment gained slightly to 9.2% and is the highest level sinec Dec. 2010. 14.1million americans are actively seeking work but cannot get jobs. And banks are complaining about a cap in ATM fees when they are posting billions in profits each year? Shows you how out of touch Wall Street is as a whole.
Check out the massive decrease in Discretionary Spending in the US.
Also a really good article about the possibility of another oncoming collapse and how the market is reflecting the same pre-cursors before the 2008 fall.
We would also like to point out how the GBPCHF has done exactly as we mentioned in our last blog post talking about how the Kijun/20ema combo above would contain price action and would be a great rejection point for sellers to enter in. The pair has done exactly that and shed over 130pips from its highs so hopefully you got in on some of this.