Nfp forex 2017
Contents:
Lackluster U.S. Non-Farm Payrolls (NFP) to Fuel EUR/USD Recovery
For more updates, sign up for David's e-mail distri b ution list. Trading the News: U. A K rise in U. After voting unanimously to raise the benchmark interest rate at the December 14 meeting, Chair Janet Yellen and Co. Increased outputs paired with the improvement in business confidence may fuel a further pickup in U. Nevertheless, the rise in planned job-cuts accompanied by the slowdown in household spending may drag on the labor market, and a weaker-than-expected NFP print may keep the dollar under pressure as it weighs on interest-rate expectations.
Employment Increases K or Greater. Chart - Cre ated Using Trading View.
Select account:
Impact that the U. November U. The U. At the same time, Average Hourly Earnings slowed to an annualized 2. Get our top trading opportunities of HERE. Read More:.
To contact David, e-mail dsong dailyfx. Follow me on Twitter at DavidJSong. To be added to David's e-mail distribution list, please follow this link. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.
It means that every clearing around the world is going through the dollar. This is the last thing that the dollar bulls would want though. The Best Forex Bonuses. Search for:. How will this affect the U. Also, please give this strategy a 5 star if you enjoyed it! For this reason, when the interest rate on the dollar is changing, or some economic data points to a possible change in the interest rate, the entire world listens.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Sign up now to get the information you need! The report helps statisticians, economists and monetary policy makers to determine the state of the economy.
Kindly email or contact us if you have any enquiry on Stock, Forex, Futures or Commodities. Contact: / WeChat. A lackluster U.S. Non-Farm Payrolls (NFP) report may fuel a larger recovery in EUR/USD Jan 6, AM David Song, Strategist January Forex Seasonality Sees Further US Dollar Strength to Start the Year.
The data is also used to predict the future levels of the economy. Did you know? If you want to learn more about the Bureau of Labor Statistics, read here.
- long short equity trading strategies.
- double butterfly options strategy!
- hedging binary option strategy?
- cox and kings forex card rate.
- nejlepsi knihy o forexu!
- Non Farm Payroll Dates 2017.
- Trading Forex.
The nonfarm payrolls report shows the sectors that are creating employment and the sectors that are losing jobs. The official name of the jobs report is called the Employment Situation.
While the number of subpoints in the Employment Situation report might seem a bit too overwhelming, there are only two key data points of interest. The markets mostly react to the headline numbers, which is the number of jobs created and the prevailing unemployment rate.
The BLS also revises the numbers for the past payrolls as well, and this also tends to influence the markets. Below is a sample of how the official release of the Employment Situation looks like. The rather lengthy report covers all aspects of the labor market. It also goes into much deeper details such as the major worker groups, long-term unemployed and so on.
Big Dollar Awaits NFP Data and Trump Currency Tweets
The nonfarm payrolls report can begin to get more complex when you dig deeper. However, for the markets, the main headline numbers are the ones that matter.
That said, traders should also bear in mind on what the Fed officials are concerned about. For example, despite a strong jobs numbers, if wage growth stagnation is a risk flagged by officials, then that data point matters to the markets. Therefore, at times you will see that despite a blockbuster report, the markets fall. For traders, the nonfarm payrolls report is important because it brings a lot of volatility and trading opportunities.
There are many high-frequency trading algorithms dedicated to tracking the NFP release. While this may be frowned upon by some, it brings more liquidity to the markets. From the retail forex day traders to stock traders as well. The big question is if the wages are bad, how much will be blamed on the whether. That overall strength is bigger than this one report. Therefore I think that any bad news dips in the dollar are going to be hoovered up and good news will be icing on the cake for bulls.
On good numbers, Enter Here. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
It is mandatory to procure user consent prior to running these cookies on your website.