Insights on NFP trading from FBS

Partner Offer  |   View Online

Why do traders watch unemployment data in the US?  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  FBS Analytics An idea for trading: NonFarm Payroll (NFP) Releases Many look at the US Nonfarm Payroll as a powerful tool since unemployment shows if a country's economic situation is healthy. The day when the NFP data is released, the markets tend to be volatile. NFP release impacts the US dollar, gold, and even Bitcoin prices, and many traders consider possible movements. However, the unemployment data is so complex that it may take a lot of work to keep track of all the relevant numbers. FBS analysts publish updates and insights on various important events along with their interpretations and advice. Join FBS to stay informed about various developments in the markets. Sign up What to trade? Since unemployment data show the health of the US economy, it influences the movements of the US dollar. You may consider trading the following instruments on the day NFP is released: EURUSD XAUUSD US500 and US100 All the currency pairs with USD What factors do analysts consider? The US economy is rich in numbers and statistics, so analysts have plenty of information to consider regarding unemployment data. NFP (Nonfarm payroll) The nonfarm payroll (NFP) is a key economic indicator in the US that shows how the number of people employed in the private sector changes. Generally, a high number is considered good (or bullish) for the USD, while a low reading is bad (or bearish). This chart shows how better-than-expected NFP (253K vs. 181K) in May pulled EURUSD down. Unemployment rate Unemployment rate data is released along with NFP. Economists consider 4-5% to be natural for the unemployment rate. Here you can see that in the US, the rate has been decreasing after the mortgage crisis and reached its historic low (3.4%) in February 2023. Average hourly earnings The growth of average hourly earnings leads to an increase in consumer spending, pushing consumption and economic development. Any other indicators? Sure! Financial analysts consider all sorts of indicators to make their forecasts: •  Jobless claims •  Job cuts •  Advertised jobs All these indicators combined allow experts to analyze the markets and make their forecasts. FBS analysts publish their insights to help traders understand the overall state and direction of the US economy, to consider new instruments, and to trade on the market volatility. Make sure to join FBS to be aware of all the crucial market developments and trade more confidently. Join FBS

Disclaimer: Fusion Media or anyone involved with Fusion Media will not accept any liability for any trading loss or damage as a result of reliance on the information contained within this email including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Fusion Media would like to remind you that the data contained in this email is neither necessarily real-time nor accurate. All stock prices, Indexes, Futures, buy/sell Signals and Forex prices are indicative and not appropriate for trading purposes; furthermore they are not provided by an exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price. Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data. This is a promotional message from an ​Investing.com​ partner We strive to provide you valuable and personalized services, free of charge. In order to do so, we may promote advertisements or promotional content which we believe may interest you. If you are not interested in receiving these emails from ​Investing.com​, you can easily opt-out through our Email Preferences Page (link below). © 2007-2020 Fusion Media Limited. All Rights Reserved 7 Florinis Street, Greg Tower 6th Floor Nicosia 1065 Cyprus Terms And Conditions   |   Privacy Policy   |   Manage your e-mail preferences   |   Unsubscribe This email was sent to farhantd2016.sateyska@blogger.com