New entrants will always hear the word non-farm, everyone says it is very important, but they do not understand why it is important to say non-farm, the following Xiaobian to introduce it to you.
Non-farm data reflect the development and growth of manufacturing and service industries.
When the number drops, businesses cut production and the economy enters a recession.
When the economy is fast, consumption naturally increases, and jobs in consumer and service industries increase.
When non-farm employment numbers increase substantially, it indicates a healthy economic situation, which in theory should be beneficial, and may presage higher, and potentially higher interest rates prompt the market to push the country more, and vice versa.
Non-farm data is one of the key data set.
The Fed also has two core mandates: controlling inflation and stimulating employment.
So the non-farm data is certainly one of the key numbers to consider when making policy, and it’s usually followed by a few speeches from both doves and hawks.
Because of its unique position in the world, each data release will trigger a market shock.
The dollar and gold are opposites. Generally speaking, a good dollar means a bad dollar for gold and silver.
