the US non-farm payrolls that investors are concerned about

Part 1: What is US non-farm payrolls

Non-farm payrolls refers to the three values of non-farm employment, employment rate and unemployment rate. Divided into previous value, expected value, and published value. As the name implies, it is a data indicator that reflects the employment status of the non-farm population in the United States.

Part 2: Announcement time

The US non-farm payroll data is released by the US Department of Labor's Bureau of Labor Statistics at 20:30 (UTC+8) on the first Friday of every month (Winter: 21:30). This data can greatly affect the dollar value of the currency market. A buoyant employment report could drive interest rates higher, making the dollar more attractive to foreign investors. Non-farm payrolls data objectively reflects the rise and fall of the US economy. The dollar is extremely sensitive to this data in the recent exchange rate, higher than expected, positive for the dollar, lower than expected, negative for the dollar.

Part 3: What is the impact of non-farm payrolls data

The non-farm payrolls data affects the exchange rate, crude oil, precious metals and other markets, and its appearance often causes large fluctuations in these three markets. Although on the surface non-farm employment rate and unemployment rate are two data, but the policies formulated by the Federal Reserve are often based on these two data, so many funds regard it as the first target of the policy. corresponding operation.

The better the non-farm payrolls data, the easier it is to drive up the dollar interest rate and attract foreign investors to enter the market, and vice versa.

The larger the non-farm data, the better the U.S. economy, the stronger the U.S. dollar, the weaker the gold and silver, and vice versa.

If the non-farm data is better than expected, then the US economy will improve and the dollar will rise and crude oil will fall, otherwise, crude oil will rose.

The most important non-farm payrolls are the employment rate and the unemployment rate. The former reflects a country's economic situation and can be said to be the backbone of a country's economic growth. If a country's employment rate declines, investors will become worried about the country's economic development and start to sell their currencies, which will weaken against other countries' currencies. The latter is also an important indicator of a country's economic development, so these two data often reflect economic expectations.

In general, after the release of the non-farm payrolls, there are often multiple Fed officials who will make some speeches on the data. Due to the importance of the dollar in the world, every data release will trigger a market shock.

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