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<title>Automated Trader Job RSS feed results</title>
<link>http://automatedtrader.net</link>
<description>
Automated Trader delivers immediate in-depth coverage of automated and algorithmic trading across all asset classes. Our global resource base utilises both online and print media to support market participants from both a business and a technological perspective. Give yourself an edge. Subscribe today.

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<language>en-uk</language>
<copyright>Copyright 2009 Algorithmic Media ltd</copyright>
<pubDate>Fri,  9 Jan 2009 16:14:33 -0600</pubDate>
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<title><![CDATA[Fixed Income Close]]></title> 
<link>http://automatedtrader.net/real-time-news-6229.xhtm</link>
         
     <description><![CDATA[Payrolls provided the usual head fake that markets should be used to by now, as the headline drop came in below the loudest &quot;whispers,&quot; but still was unambiguously weak. Stocks initially shrugged off the still-bleak news, while Treasuries initially weakened as the data appeared better than expected. But including back revisions in Oct and Nov, the overall downslope on jobs was quite steep. Accordingly, stocks subsequently slumped and dragged yields lower as well. The hawkish undertone from Fed&#039;s Lacker didn&#039;t strike a chord under the circumstances.]]></description> 
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<title><![CDATA[Fixed Income Update]]></title> 
<link>http://automatedtrader.net/real-time-news-6219.xhtm</link>
         
     <description><![CDATA[Bonds are still catching a bid after December Non-Farm Payrolls data shed more light on the dismal US employment situation (7.2% unemployment, 2.6mln jobs lost in calendar 2008). The 30yr initially sold off with the equity bounce -- the Dec number wasn&#039;t as bad as forecast -- but has rebounded and pushed higher as markets digest the 150k of additional job losses made in October and November revisions.

The 10yr, meanwhile, dipped immediately on the data, jumped above pre-data levels, sold off again, and climbed to a new intraday high (125-23) in the past half-hour. The 5yr is now up 10 and the 2yr is up 5.]]></description> 
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<title><![CDATA[FX Update: EUR/USD]]></title> 
<link>http://automatedtrader.net/real-time-news-6212.xhtm</link>
         
     <description><![CDATA[EUR/USD has faded under 1.3600, after failing to make fresh upside progress after the U.S. jobs report. With the market seen long of euros, we suspect profit taking into the weekend is the motive, as shorter term accounts in particular cut positions. This said, as the markets digest the dismal employment report, traders may decide give their short dollar positions another chance. In the meantime, large sell-stops are noted at 1.3550.]]></description> 
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<title><![CDATA[Gold Update]]></title> 
<link>http://automatedtrader.net/real-time-news-6209.xhtm</link>
         
     <description><![CDATA[Gold knee-jerked higher after the jobs report, but could not breach resistance at the intraday high of 861. It is currently up 0.5% at 858.70.]]></description> 
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<title><![CDATA[DECEMBER NON-FARM PAYROLLS -524k, UNEMPLOYMENT RATE 7.2%]]></title> 
<link>http://automatedtrader.net/real-time-news-6207.xhtm</link>
         
     <description><![CDATA[December Non-Farm Payrolls fell 524K, about the median estimate, but the previous 2 months were revised sharply lower. It was the 2nd downward revision to the October data -- originally -240k to -320k, and now revised another 123k lower to -423k. The November data were revised downward as well from -543k to -584k.  The pace of job losses over the past 4 months is at 1.9mln and the annual total is 2.6mln.  

The Unemployment rate shot up 0.4% to 7.2%,, the highest level since 1993 and at an accelerated pace from October/November.  Labor also supplied adjustments to the Unemployment Rate for the year; the rate has been adjusted upward by 0.1% for the last six months.   

The Manufacturing Sector lost 149k jobs versus an estimated 100k loss. It was the largest loss since 2002.  Construction shed 101k jobs.  The Service Providing Sector lost 273k jobs; 67k in Retail and 113k in Professional and Business Services.  

Government gained 7k jobs and Education and Health Services gained 45k.

Meanwhile, average hourly earnings ticked up 0.3% to $18.36.]]></description> 
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<title><![CDATA[Preview: December Employment Report]]></title> 
<link>http://automatedtrader.net/real-time-news-6205.xhtm</link>
         
     <description><![CDATA[&acirc;€&cent; December Non-Farm Payrolls are expected to plummet 520k following a 533k plunge in November
&acirc;€&cent; The Unemployment Rate is expected to grow to 7% in December from 6.7% prior

The December jobs will likely to continue to show significant labor market deterioration as the economy continues to flounder. The worse-than-expected December ADP data (-693k), combined with the jump in December Challenger Job Cuts (274.5%), suggest extensive downside risk to NFP. Many analysts revised their forecasts lower after Wednesday, and estimates for NonFarm Payrolls now range from -350-750k.

December Manufacturing Employment is forecast to drop 100k after November&acirc;€™s 85k decline. Average Hourly Earnings are expected to edge up 0.2% while Average Weekly Hours are predicted to be unchanged at 33.5.

A positive sign for the report might be the December ISM Non-Manufacturing Index, which unexpectedly increased from 37.3 to 40.6.]]></description> 
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<title><![CDATA[December Canadian Employment Upsets Estimates, Down 34.4K]]></title> 
<link>http://automatedtrader.net/real-time-news-6201.xhtm</link>
         
     <description><![CDATA[December Canadian employment is down for the second consecutive month, shrinking by 34.3K jobs after falling 70.6K in November, more than the consensus estimates of a 20K retreat. This pushed the unemployment rate to 6.6% from  6.3% in November again above the consensus estimate of a jump to 6.5%. The drop was the result of a 0.5% decrease (or 70.7K jobs) in full time work, among youth aged 15 to 24 (down 37k) and men 25 to 54 (down 28K).
The largest monthly losses were in Goods Producing Industries. down 39.4K led by  Construction  (down 3.5% or 44.3K jobs). Despite the fall in December Construction, employment was 4.7% higher than the start of the year because of the growth in the first 9 months of 08. Manufacturing gained 8.9K jobs after shedding 38K in November. 
Service Producing Industries gained 5K, led by Transportation and Warehousing up 2.8% to partially offset the fall in Construction.
The steepest declines were in Alberta (down 15.8K), however it still has the lowest unemployment rate at 4.1%. Ontario unemployment edged up to 7.2% from 7.1% prior, its highest level since 03. 
Average hourly wages decreased to a 4.3% pace from 4.6%,well above the 2% increase in CPI.]]></description> 
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<title><![CDATA[Preview: December Canadian Labour Force Survey &acirc;€” Unemployment Seen At 6.5%]]></title> 
<link>http://automatedtrader.net/real-time-news-6199.xhtm</link>
         
     <description><![CDATA[
Canada is forecast to lose 20k jobs in December following a 70.6k loss in November. The unemployment rate is expected to rise to 6.5% from 6.3% prior.

Manufacturing jobs will be of chief interest as 38k jobs were lost in this sector in November. It also remains to be seen if job losses are spread out across most demographic groups or are concentrated in one or few groups (the largest decrease seen last time was among adult men (down 40k) and youths (down 19k)).

Average hourly wages are also expected to edge down to a 4.4% pace from 4.6%. Statistics Canada will release the data at 7:00am EST today.
]]></description> 
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<title><![CDATA[FX Outlook: NY]]></title> 
<link>http://automatedtrader.net/real-time-news-6198.xhtm</link>
         
     <description><![CDATA[Firmer European retail sales data helped EUR/USD rally back over the 1.3730 mark in London morning trade, after the pairing had slipped to 1.3630 in Asia on profit taking related activity. The yen meanwhile, maintained a supportive tone, with the European market favoring low risk strategies ahead of today&#039;s US NFP release. USD/JPY fell to six-session lows of 90.52 before regaining the 91 handle. 

The December US employment report will be Friday&#039;s highlight, and following the very weak ADP survey earlier in the week, estimates for NFP losses range anywhere between 450k and 750k. FX market price action over the past couple of days indicated the market is short of dollars going into the jobs report, so a better than expected outcome could initially result in a short squeeze. 

In addition, as traders look ahead, the prospects of an ECB rate cut next week may put a floor under the dollar into the weekend. The US employment report is due at 8:30 EST, and will be followed by November wholesale data at 10:00 EST. ]]></description> 
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<title><![CDATA[FX Outlook: Europe]]></title> 
<link>http://automatedtrader.net/real-time-news-6171.xhtm</link>
         
     <description><![CDATA[The EUR&#039;s correction has come to a pause and the FX market has hunkered down ahead of the US payrolls release. Meanwhile, the mixed equity market performance and recent falls in commodity prices should keep the commodity and emerging currencies out of favour for now. 

The US December employment report will be today&#039;s focal point. After the 693k plunge in the ADP private payroll survey, released earlier in the week (and recently tweaked to try and make it correlate more closely with today&#039;s BLS report), and the increase in continuing claims, the market whisper number has climbed to at least -600k. So it may take a whopper of a decline in jobs to get any further bullish reaction in the FX or bond market.

Canada also releases its December employment report, while Europe has a busy calendar, featuring eurozone retail sales, German industrial production, UK PPI and production, which are all expected to affirm a recessionary picture.]]></description> 
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