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Challenger Job Cuts (Jun)

[Eric1212]

Today at 7:30, there will be this compilation of annonced job cuts in the US, a good indication of tomorow Nonfarm Payrolls (Jun).

Last month, ADP Nonfarm Employment Change (Jun) was literaly out of the reality, i personally think that the today stat will be a reality check to know if ADP is still representing the US more than a stat to make investment from, could make entry point for new commers depending on the Challenger's data...

Important data for today :

Initial Jobless Claims 8h30
Crude Oil Inventories 11h
Gasoline Inventories 11h
Natural Gas Storage 11h

[DSurfer]

I think that Natural Gas Storage is at 10h30 am today not 11h

[Eric1212]

For the job stats. Challenger Job Cuts gived a situation a bit worst, 27 % increase since last month... ADP Nonfarm Employment Change still seems to wear pink glasses... See tomorow... Reduced last month a bit... Initial Jobless Claims did give a "good" july number, last number for june get worst. There is my calculations for MAY, JUNE and JULY, it's seems to go better for the lost

[Steven1]

Eric   Good compilation of data. I think we have reached the low water mark for cuts/jobless claims and the high water mark for new payrolls . Now that the rate hike is off the table for 2016 (although you never know what the FOMC may say). I except oil to be the main proxy driving the markets like today