Reports that at least 3 major banks got the jobs revision prior to the public release

August 21, 2024
-FCHFX

August 21, 2024 at 10:26PM
This is the data, ICYMI:

Non-farm payrolls benchmark revisions -818K

Bloomberg (gated) with the info:

At least three banks managed to obtain key payroll numbers Wednesday while the rest of Wall Street was kept waiting for a half-hour by a government delay

After the Bureau of Labor Statistics failed to post its revisions to the monthly payroll figures at 10 a.m. New York time, Mizuho Financial Group Inc. and BNP Paribas SA both called the department and got the number directly. So did Nomura Holdings Inc.’s economic research team, according to a person familiar with the situation.

Good for them.

I’ve pointed out 10am NY time on the screenshot below. Plenty of time to buy the dip that followed for the spike after that.

This
chart is from our charting app, which is free and can
be found at this link

This article was written by Eamonn Sheridan at www.forexlive.com.

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