posted on May, 8 2004 @ 06:18 AM
Last month, right before the March unemployment figures were released, the dollar shot up, leading many to believe the figures were leaked before
being officially released.
Well, I was trading yesterday morning, awaiting the US April unemployment figures and right before the announcement, the US dollar took a big dive and
then shot right back up when the good unemployment data was released.
The initial spike up in the image means the value of the Euro went up against the dollar. The spike down shows USD gaining value
It really had me puzzled for a while. I wasn't sure why the dollar value would spike down.
The payrolls number turned out to be much better than expected, resulting in a spike up in the value of the dollar.
I remembered last months leak and I'm wondering, maybe they found out who leaked the numbers last month and gave them bad data?
Do you think the government would intentionally leak bad data and then analyze trades for that day in order to find out who was trading on that