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Reports that at least 3 major banks got the jobs revision prior to the public release

Started by forex4you, Aug 22, 2024, 06:06 am

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Reports that at least 3 major banks got the jobs revision prior to the public release

This is the data, ICYMI:

Bloomberg (gated) with the info:

  • At least three banks managed to obtain key payroll numbers Wednesday while the rest of Wall Street was kept waiting for a half-hour by a government delay
  • After the Bureau of Labor Statistics failed to post its revisions to the monthly payroll figures at 10 a.m. New York time, Mizuho Financial Group Inc. and BNP Paribas SA both called the department and got the number directly. So did Nomura Holdings Inc.'s economic research team, according to a person familiar with the situation.

Good for them.

I've pointed out 10am NY time on the screenshot below. Plenty of time to buy the dip that followed for the spike after that.


This
chart is from our charting app, which is free and can
be found at this link



                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Reports that at least 3 major banks got the jobs revision prior to the public release

forexlive.com
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