In the trading market, besides the daily and weekly market trading, I believe everyone knows how significant the impact of the "non agricultural index" released every month on the market is. Even if they have not actually participated in trading during the non agricultural release period, they should have seen how intense the market volatility was during that period. However, everyone knows that non agricultural data is important, but do you know why non agricultural data is so important? Do you know how to look at non agricultural data?
Non farm "refers to the data on the employment population of non farm workers in the United States, known as the NFP, which is released around 8:30 pm Beijing time on the first Friday of each month. It is divided into two methods to calculate the employment population in the United States: household and business. The survey covers a population of approximately 40 million or more, which can be used to calculate a widely representative data. The two most important data are the" unemployment rate "and" new non farm jobs ", These two data comprehensively show the current trend of the US economy, which will directly affect the trend of the US dollar. The impact of the US economic situation and the trend of the US dollar on the global economic trend is also inseparable. So 'non agricultural' directly affects the direction of the global economy and the confidence of all investors and traders. Before the release of "non agricultural data", there is also a "small non agricultural" data - the ADP index - on the first Wednesday of each month. Compared to non agricultural data published by the US Department of Labor, small non agricultural data is published by private organizations, only investigating 500000 private units in the United States, covering a population of about 35 million people, and the scope is not small, and it is earlier than the release of "large non agricultural" data, so it can be used as a predictive indicator for "large non agricultural data".
However, it is not that the "big non farm" indicates that the US economy is not in good condition, and the US dollar is bound to decline. The movements of the Federal Reserve, the US consumer confidence index, the ISM manufacturing index, and so on are also closely related. Therefore, it is important to remember that "non farm" is only an economic indicator, not a "long short signal". It is important to observe and refer to the overall situation before making transactions. However, the next time non farm releases, It's worth taking some time to check the status of the "unemployment rate" and "non agricultural new jobs" data, and predict the future market trend to see if your predictions are accurate.
Author Introduction
CONNECT KUNG: RADEX MARKETS Greater China Account Manager. He has been deeply involved in the financial market for many years, sharing unique perspectives from a market perspective, and focusing on the direction of the world economy and the development of the Greater China market.
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