In the investment market, non-farm data is one of the important factors affecting the market, but many investors do not know how to analyze the impact of non-farm payrolls data. So, what is non-farm payrolls?How do you see the impact of non-farm payrolls data on gold prices?
1. What is non-farm payrolls?
Non-farm payrolls is the data of the U.S. non-farm payrolls released by the U.S. Department of Labor, also known as U.S. labor statistics, which mainly includes two aspects: employment rate and wages, which are very important for economists and investors because it can reflect the overall situation of the U.S. economy and the state of the job market.
2. The impact of non-agricultural data on gold prices
There are three main values of non-agricultural data: the previous value, the ** value and the actual announced value, and investors can compare and analyze these three values to further judge the impact of non-agricultural data on the first value.
Non-farm payrolls data fell short of expectations: Weak US job market bearish for the dollar, bullish**;
Non-farm payrolls data beats expectations: US job market is good, bullish for the dollar, bearish**.
Before the release of the non-agricultural data, the possibility of market volatility is small, but after the release of the non-agricultural data, the direction of the market will roughly appear, and investors need to be able to make decisive decisions quickly.
3. What should I pay attention to when investing?
There are many factors that affect the price of gold, and the non-farm payrolls data is just one of them. To avoid misjudgment, investors should consider other factors. In the investment market, no one can be accurate every time**. To reduce risk, it is advisable to set a stop loss for each trade. DTW Global now offers a micro spread account with a $200 bonus and reduced trading costs.
Finally, DTW Global also warmly reminds investors that although non-agricultural data can be used for the future trend of the world, it does not mean that the accuracy rate of the market is very high, and the non-agricultural data is only one of the factors that affect the market, and the judgment of the trend needs to be combined with other indicators and market conditions.