… but allows us to step back and think about the big trends in the world of energy and what does this data tell us about what path we are on and where we are going, said Mark Finley, BP's general manager of global energy markets and U.S. economics.
At first look the U.S. only grew a paltry 0.5% during the first quarter, extending a string of bad Q1s that the country hasn't been able to shake since the crisis.
Besides the U.S. employment report, the Canadian jobs data is also causing havoc in the Canadian dollar pairs. The number of newly employed fell 2,100 in April, missing the consensus estimate for a gain of 1,000.
Traders that make big, profitable bets right before the release of market-moving economic data are either really smart… or cheating the system.