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US Non-Farm Payrolls

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US Non-Farm Payrolls in Fundamental_xx
Once a super hot, big mover this data is not so much in focus now. However it is still some of the most important data the US publishes and IF, and that's a BIG if, the key important components deviate harmoniously without a conflict. Then we can expect a sustained move in many FX pairs. I concentrate on USDJPY, the liquidity is good, and spreads small.
Last month we got some small deviations but still USDJPY produced 15 safe pips.
The move wasn't too violent, and the fills would have been good.

See Charts Here -->

In January 2021 we have a very good example of why the data must deviate harmoniously without any substantial conflicts. We had a large -211 deviation from the headline number, but we also got a small Unemployment conflict along with some rather large conflicts from "Average Earnings", which is an inflationary number. The move was a deadly mess! Wouldn't have wanted to be in the market on that one!

See Charts Here -->

Trade Plan,
IF we get a sizeable deviation from "Nonfarm Payrolls" of more than 100+- AND Unemployment doesn't conflict then we can look to enter the market, and hope for a sustained move. I would watch for any big deviations from Average earnings that conflict, anything more than 0.4+- would call in to question if the move will be long lasting.

#1 - March 05, 2021, 01:12:27 PM
« Last Edit: March 10, 2021, 12:54:23 PM by Admin »

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US Non-Farm Payrolls in Fundamental_clip
Today there will be NFP news. Last April, NFP increased by 266,000 jobs, much lower than the forecast for an increase of 990,000 jobs, and the lowest in 3 months. In April 2021, the largest number of job additions was in the recreation and education sectors, while the manufacturing, warehousing and service sectors contracted. For the month of May 2021, it is estimated that NFP will increase by 645,000 jobs, while estimates from Automatic Data Processing Inc. (ADP) released on June 3 show that it will increase by 978,000 jobs. A higher-than-expected release will tend to cause the USD to strengthen.
#2 - June 04, 2021, 01:28:07 AM

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US Non-Farm Payrolls in Fundamental_clip
Yesterday, the results of the release of NFP data were beyond expectations, so the USD weakened. US Non-Farm Payrolls added 559,000 jobs in May, boosted by more widespread implementation of the COVID-19 vaccine. Although higher than the previous 278,000 jobs, it fell short of the consensus expectation of 650,000. At the same time, the US Unemployment Rate reportedly fell from 6.1% to 5.8% in May. This level is slightly better than expected. Meanwhile, the monthly Average Hourly Earning fell from 0.7% to 0.5 percent.
#3 - June 05, 2021, 08:29:35 AM


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NFP (Non-Farm Payrolls)

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