The Labor Department said there was a net loss of 263,000 jobs in the month, up from a revised loss of 201,000 jobs in August. This is only the second time this year that job losses rose from the previous month, as the labor market had shown slow but relatively steady improvement since a loss of 741,000 jobs in January.
September marked the 21st consecutive month that the number of workers on payrolls has shrunk, a period during which 7.2 million jobs have been lost. The unemployment rate rose to 9.8% in September from 9.7% in August.
Initially after the announcement, the dollar gained ground. After the first 10 minutes, it steadily lost ground for most of the New York session.
I did 30 new trades today, closing 27 winners including 4 older trades, 0 losses, and 14 trades remain open. The net pips for the day is +456.7 pips, or 18.23% gain.
For the week, the net pips is +892.2 pips, or 37.65% gain.
Here are the daily stats for Friday, October 2, 2009.
| Open | High | Low | Close | Pip Interval |
| GBP/USD | 1.5953 | 1.5954 | 1.5802 | 1.5928 | 152 |
| EUR/USD | 1.4543 | 1.4646 | 1.4480 | 1.4576 | 166 |
| USD/CHF | 1.0405 | 1.0435 | 1.0309 | 1.0352 | 126 |
| USD/JPY | 89.59 | 89.91 | 88.59 | 89.70 | 132 |
| GBP/JPY | 142.92 | 142.96 | 140.74 | 142.87 | 222 |
I sent out the monthly statements today. This week went a long way to making up for the losses from last week. Also, the large deposits are now in the brokerage account which will help us all. I will have a lot more flexibility now.
Stay tuned until next week. Have a great weekend!
May the pips be with us!
The Pipmaster
Email: titangroupfx@gmail.com
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