Australian (ASX) Stock Market Forum

SPI200 Chat - What will happen next?? *suspense music*

Gotcha Dutchie,

Yeah, it was the telly but I didn't think much of it, goes to show how jumpy the markets are at the moment.
 
Unemployment rate rose by 0.1%.

Shows what it will be like when the coming down move happens.

Are you sure that was the reason? As it was expected to be at 5.3% anyway, it didnt do anything much to the currency markets, it was the jobs created which was way below forecast.
 
Are you sure that was the reason? As it was expected to be at 5.3% anyway, it didnt do anything much to the currency markets, it was the jobs created which was way below forecast.

Start of decline 11.30 am
Release of figures (ABS) 11.30 am
 
Start of decline 11.30 am
Release of figures (ABS) 11.30 am

Na, wasn't unemployment, that was only the initial move. Was a weird order. Not sure what was happening but there were 1000 lots on every ask 8 minutes after unemployment. Nobody sells like that......

Made plenty for lunch Prawn! ha ha. But in the process of giving it all back! :banghead:

Unemployment 'rate' shouldn't matter anyways as it is skewed by 'definitions'. Labour force participation etc. The raw figure was +400 when expectations were +15,000 which is far worse but still doesn't explain the way the SPI moved down in any way.
 
hehehehe :fu:. Welcome to the life of constant frustration, pain, torment and regret.

Oh and it never gets any better.
 
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