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


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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

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

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

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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

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