US: Trump To Fire BLS Payrolls Head After Weak Jobs Report (Truth Social)

Aug-01 18:12

@realDonaldTrump

I was just informed that our Country’s “Jobs Numbers” are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory. This is the same Bureau of Labor Statistics that overstated the Jobs Growth in March 2024 by approximately 818,000 and, then again, right before the 2024 Presidential Election, in August and September, by 112,000. These were Records — No one can be that wrong? We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes. McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months. Similar things happened in the first part of the year, always to the negative. The Economy is BOOMING under “TRUMP” despite a Fed that also plays games, this time with Interest Rates, where they lowered them twice, and substantially, just before the Presidential Election, I assume in the hopes of getting “Kamala” elected – How did that work out? Jerome “Too Late” Powell should also be put “out to pasture.” Thank you for your attention to this matter!

Historical bullets

US TSY FUTURES: BLOCK: Sep'25 2Y Sale

Jul-02 18:08
  • -5,000 TUU5 103-27.75, sell through 103-27.88 post time bid at 1359:20ET, DV01 $192,000.
  • The 2Y contract trades 103-27.75 last (-.88)

US: FED Reverse Repo Operation

Jul-02 18:04

RRP usage slips to $237.307B this afternoon from $245.530B yesterday, total number of counterparties at 45. Usage had fallen to $54.772B on Wednesday, April 16 -- lowest level since April 2021 - compares to yesterday's (July 1) $460.731B highest usage since December 31.

reverse repo 07022025

EURGBP TECHS: Bull Cycle Accelerates

Jul-02 18:00
  • RES 4: 0.8781 2.236 pro of the Mar 3 - 11 - 28 price swing 
  • RES 3: 0.8738 High Apr 11 high and a key resistance
  • RES 2: 0.8694 High Apr 14 
  • RES 1: 0.8670 High Jul 02
  • PRICE: 0.8655 @ 16:21 BST Jul 2
  • SUP 1: 0.8521/8486 20- and 50-day EMA values 
  • SUP 2: 0.8459 Low Jun 11 
  • SUP 3: 0.8407 Low Jun 4 
  • SUP 4: 0.8356 Low May 29 and the bear trigger 

The trend condition in EURGBP remains bullish and this week’s gains together with today’s acceleration, reinforce current conditions. Moving average studies are in a bull-mode position - highlighting a dominant uptrend. 0.8648, 76.4% of the Apr 11 - May 29 downleg, has been pierced. A continuation higher would open 0.8738, the Apr 11 high and a key resistance. Support to watch lies at 0.8521, the 20-day EMA.