Good morning my fellow Americans!

Looks like you didn’t do so well with the job reports. Yeah, this country lost only 47,000 jobs, but the unemployment rate shot up to 5.5% Now the euro has every reason to paint the town red and walk all over you. EURUSD is valued at 1.5672 as I am writing.

The French has slightly overspent their budget, but heck, is that going to really overshadow the US jobs report? Not in a million years. But their trade deficit has reduced a nice bit and evened things up for them.

In Germany,
Their industrial production has gone down a bit, in the neighborhood of .8%. But again, who cares! Everybody just wanted to hear how bad the US jobs report was and really shove it to us!

O Canada Jobs!
For Canada, the unemployment rate remained unchanged, and The change of employment was at 8400 jobs. On the market, the currency is sideways with most world currencies for right now.

OIL over $130.
For you SUV driving folks, you can thank Ole Slorer from Morgan Stanley for opening his big mouth and saying that oil might hit $150 soon. You know your oil tycoon friends were salivating at notice and hit the buy button without hesitation!

Later on for today, the United States will have numbers for Wholesale Inventories and Consumer Credit levels. I will instead of having a midday report, I will have a condensed report later this afternoon.

TRADE ON!
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