Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Make Money Online
Forex
United States Non-Farm Employment Change May 7 2021
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="JamesThatcher, post: 103123, member: 34019"] What does the data mean to the market? The headline data of Non-Farm Payrolls (NFP) reflects the change in the number of people employed during the previous month. A higher number of people employed is good for the US economy and would create a buy on the USD. Vice versa, a lower number would be bad for the US and would generate a sell on the USD. NFP comes out with six lines of data which makes this report far more complex. The other two significant lines of data I watch are the Unemployment Rate and Average Earnings. With UR a lower number is good for the US and vice versa. Whereas AE a higher number is better for the US economy and vice versa. All three lines must deviate in the same direction. I will not tolerate a conflict from either UR and AE. Historic deviations and their outcome April 2 2021 A very large deviation to the upside, but accompanied by conflicting Average Earnings, created a whipsaw that we don't like to see. This, therefore, did not hit our triggers and for good reason! March 5 2021 +197k positive deviation with no conflicts. The move was great on USDJPY! I don't trade stocks, but for those that do, look how they reacted, which was the opposite of the USD value. Better employment numbers suggest a tightening of monetary policy, which is not good for the stock market! February 5 2021 - 56k negative deviation on headline number but conflicting Unemployment and Average Earnings, However, USDJPY went in the direction of the headline number on this occasion. It wasn't a trade for me! See Chart here: [URL unfurl="true"]https://calendar.galaxysoftwareinc.com/#/chart;i=28009;t=2021-2-5%2013:30:00.0;s=USDJPY;r=M1[/URL] I will use forecasts of: Average Hourly Earnings (M/M) 0 Change in Non-Farm Payrolls 1000 Unemployment Rate 5.8 Today's trade plan Today the forecast range is far larger than last month, so we must be aware of that. If we see 300k deviations in either direction from Non-Farm Payrolls without any conflicts from Unemployment and no significant conflict from Average Earnings, we can expect an excellent move. This one can get volatile immediately after the data is released while the market digests the numbers. Hold onto your hats. This one is not for the fainthearted. Tradable pairs USDJPY Hope this helps but please do your own analysis!! Good luck!! James Thatcher Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Make Money Online
Forex
United States Non-Farm Employment Change May 7 2021
Top