US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4 - News and Current Events | futures io social day trading
futures io futures trading


US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4
Updated: Views / Replies:463 / 0
Created: by Quick Summary Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4

  #1 (permalink)
Quick Summary
US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4

It appears that central bank intervention was not the only thing in full force today: The US version of the Chinese Ministry of Truth in economic reporting has now officially joined the fray. Anyone wondering just how much of a joke the US high frequency economic data updates have become should look no further than these three charts showing Wall Street forecasts (consensus and distribution) and actual prints for the ADP Payroll, the Chicago PMI and Pending Home Sales. Not one indicator has come below 4 standard deviations above the average forecast, and every single one has printed above the highest forecast. It is now safe to say without any doubt that US data is equal if not more equal in credibility terms with that of China.

Below are the charts showing sellside forecast distribution for ADP, Chicago PMI and Pending Home Sales. Nuf said.

ADP: 4+ Std Devs above consensus

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Chicago PMI: 4 Std Devs above consensus

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


and Pending Home Sales: 5 Std Devs above consensus

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Charts: Bloomberg



More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply



futures io > > > > US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only
 

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Today's Economic Data Docket - Or Largely Irrelevant Stuff Compared To Headlines Out Quick Summary News and Current Events 0 November 16th, 2011 08:00 AM
Switzerland's Important Economic Data Release On Monday Quick Summary News and Current Events 0 November 5th, 2011 05:50 PM
Gold Futures Slide 4.5 Percent on Good US Economic Data Quick Summary News and Current Events 0 August 24th, 2011 11:40 AM
Week Ahead: The Meat and Potatoes of Economic Data Quick Summary News and Current Events 0 November 13th, 2010 03:10 AM
Week Ahead: Traders Watching Economic Data From the Beach Quick Summary News and Current Events 0 August 21st, 2010 12:50 AM


All times are GMT -4. The time now is 07:13 PM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-26 in 0.09 seconds with 19 queries on phoenix via your IP 54.92.173.9