Jump to content
How to flag inappropriate content ×

Non-Farm Payrolls and US unemployment rate at 12:30 (UK Time) 5th November 2021

MongiIG

By MongiIG,
in Indices and Macro Events

Recommended Posts

MongiIG Honoured Contributor

MongiIG

Posted
Posted

Understanding The U.S Non-Farm Payrolls - EuropeFX

Non-Farm Payrolls:

What is it?

Non-Farm Payrolls is a measure of the number of paid part-time or full-time workers in the US, excluding the farming sector.

Why is it important?

The report is comprehensive, covering over 250 regions across the US and almost every important industry. The data is also very up-to-date: the information contained in the report is only a few days old. Non-Farm Payrolls is one of the most closely watched US indicators and is considered the one of the best gauges of US job creation. Labour is massively important to the US economy, and accordingly the Fed may be influenced by the figures in this report; if the number of jobs being created is high, it can point to inflationary pressures (which the Fed may need to counter with a rate increase), whereas declines in the number may indicate a slowing or contracting economy, which increases the chances of a rate cut. If the figure diverges from expectations, it can lead to large amounts of volatility in dollar exchange rates, as well as in the price of bonds and the level of stock indices. Released by: Bureau of Labor and Statistics (Monthly)

nfp calendar.PNG

USD news event: 

Non-Farm Payrolls at 12:30 (UK Time) 5th November 2021.

Previous: 194K

Estimate: 450K

Actual: TBA at 12:30 (UK Time)

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD. Source: investing.com

 

US Unemployment Rate:

What is it?

This is a report on the percentage of people registered as unemployed in the US, calculated by dividing the number of employed by the total work force. Unemployed individuals are defined as being those able and willing to work who have actively sought employment within the last four weeks. The total work force is calculated as the sum of all those employed and unemployed who are 16 years and over.

Why is it important?

The unemployment rate gives a good picture of the labour environment in the US, and therefore provides insight into production, consumption and earnings. A lower figure suggests increased expenditure from an overall greater amount of wages, which may lead to economic growth as well as inflationary pressures. High unemployment rates, on the other hand, imply economic weakness, lower consumer spending power, etc. Released by: Bureau of Labor and Statistics (Monthly)

US unemployment rate at 12:30 (UK Time) 5th November 2021.

Previous: 4.8%

Estimate: 4.7%

Actual: TBA at 12:30 (UK Time)

A reading that is higher than forecast is generally negative (bearish) for the USD, while a lower than forecast reading is generally supportive (bullish) for the USD. Source: investing.com

 

NFP and US unemployment rate will be out 12:30 GMT, let us know if you’ll be trading and what results you’re hoping for. Who will be trading?

Due to expected volatility guaranteed stop distances may be widened.

 

All the best - MongiIG

Link to comment
  • MongiIG changed the title to Non-Farm Payrolls and US unemployment rate at 12:30 (UK Time) 5th November 2021
MongiIG Honoured Contributor

MongiIG

Posted
  • Author
Posted

image.png

EURUSD 1 minute chart before 12:30 (UK Time) NFP event. IG Charts

 

NFP out 12:30 GMT, let us know if you’ll be trading and what results you’re hoping for. Who will be trading?

Due to expected volatility guaranteed stop distances may be widened.

 

All the best - MongiIG

Link to comment
MongiIG Honoured Contributor

MongiIG

Posted
  • Author
Posted

eurusd nfp.PNG

EURUSD 1 minute chart after 12:30 (UK Time) NFP and US unemployment rate event. IG Charts

image.png

USD news event: 

Non-Farm Payrolls at 12:30 (UK Time) 5th November 2021.

Previous: 194K

Estimate: 450K

Actual: 531K

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD. Source: investing.com

 

US unemployment rate at 12:30 (UK Time) 5th November 2021.

Previous: 4.8%

Estimate: 4.7%

Actual: 4.6%

A reading that is higher than forecast is generally negative (bearish) for the USD, while a lower than forecast reading is generally supportive (bullish) for the USD. Source: investing.com

 

Share your thoughts and views if you traded the Non-Farm Payrolls and US unemployment rate event.

 

All the best - MongiIG

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Go to topic listing

  • image.png

  • Posts

    • Megamind
      Can DOGEDAY Recreate the Magic of Memecoin Mania?

      By Megamind · Posted

      As a meme fan, I have been waiting patiently for the Bull trend that happened to BTC recently to get to all the alts and so we can have what we had back then in 2021 to happen again, but time the strength of the uptrend has not been able to match up with what I am expecting and I do hope that the halving will help, but looking at the hype that is usually expected from the meme community. I don't think I'll be able to wait for the trend to resume and so I am taking more steps ahead of the game, taking up all the opportunities I believe would help the price-trend of my holdings, especially for the DOGE memes and I have found this DOGEDAY event ongoing and it really made a lot of sense to me, because if we look at how the DOGE coins have performed in the past. I believe if we can have a Bitcoin day to celebrate the first cryptocurrency, then we should be able to have a DOGEDAY too looking at the success rate of the meme and the support from the community. For me, this is something special that is worth the energy, vibes and hype and worth participating it. There are different sections to the event, which include the Twitter part, where Bitget is sharing $3,00 to those participating( https://twitter.com/bitgetglobal/status/1780495739984150962Twitter Post ) and the telegram event, and I believe this will favour those that love to bet on the price of coins. They are sharing 100BGB tokens for this and the Discord event has a 90BGB token to be shared.  If we can have Bitcoin's day, then this DOGEDAY should be observed in all the DOGE communities and I will admonish meme lovers to observe events like this because it reflects the nature of memecoin and the hype around it.
    • Imam
      Cardano Crypto Price News Today Elliott Wave Technical Analysis

      By Imam · Posted

      Will grab at a little lower price...
    • Imam
      SOL Analysis: Levels to Watch

      By Imam · Posted

      Would love to grab it below 100!

Markets

Forex

Indices

Shares

Other markets

IG services

Spread betting

CFD trading

Share dealing

Trading platforms

Web platform

Trading apps

Advanced platforms

Compare features

About Us

How we support you

What we do with your money

How does IG make money?

Professional trading

Contact us

Post topic on Community

Browse Help and Support

Education on Academy

Tweet us @IGClientHelp

UK

IG | Sitemap | Terms and agreements | Privacy | How to fund | Cookies | About IG

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

CFD accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd and share dealing and stocks and shares ISA accounts provided by IG Trading and Investments Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957), IG Index Ltd (a company registered in England and Wales under number 01190902) and IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Index Ltd (Register number 114059) and IG Trading and Investments Ltd (Register number 944492) are authorised and regulated by the Financial Conduct Authority.

The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

© 2003 - 2020

IG | Terms and agreements (UK) | Privacy (UK) | Cookies | Investors | Careers | Marketing partnership

×
×
  • Create New...
us