Non-agricultural data refers to the three values of the number of non-agricultural employment, employment rate and unemployment rate. It is divided into previous value, expected value, and published value. As the name suggests, it is a data indicator that reflects the employment status of the non-agricultural population in the United States.
Non-agricultural data is one of the most concerned data for precious metals investors when trading. Analyzing this data can better seize the best time to make a profit. Although some precious metals investors know their influence on the precious metals market, they do not know how to analyze non-farm data in transactions. To this end, Chuangfu Yinghui will briefly introduce several methods of its analysis to you in this article, which are as follows:
First, investors need to understand what non-agricultural data is? In fact, non-agricultural data is a data indicator that can reflect the employment status of the non-agricultural population in the United States. It was released by the Labor Statistics Bureau of the Ministry of Labor on the first Friday of each month, which can reflect the economic health of the United States to a certain extent.
Secondly, investors need to understand: Once non-agricultural data is released, it may cause violent fluctuations in the gold market and foreign exchange market, which will lead to blurring the direction of the gold market and foreign exchange market. Therefore, investors need to know how to analyze the impact of non-agricultural data. Generally speaking, the decline in unemployment rate represents a healthy development of the overall economy, which is good for the US dollar and is bad for gold/silver; on the contrary, it represents a slowdown in economic development, which is bad for the US dollar and is good for gold/silver. The decrease in the non-agricultural value indicates that the economy has entered a depression, and enterprises have reduced production, which is bad for the US dollar, which is good for gold/silver; on the contrary, it means that the economic situation is healthy, which is good for the increase in interest rates, which is good for the US dollar, which is bad for gold/silver.
Finally, investors should be clear: in precious metal trading, especially in gold trading, the impact of non-agricultural data on gold prices is actually the fundamental impact on trends. However, when you are uncertain about changes in non-agricultural data, you must first judge the trend of gold itself, and then combine the fundamental factors that affect the price of gold and the trend of the technical aspects. However, before the non-agricultural data is released, the focus should also be on the technical side, that is, the position of gold prices in the technical side is crucial. Any news will be confirmed in technical trends. The role of technical analysis is to reveal and warn of future trends in advance. After the non-agricultural news is announced, it only provides evidence or support for the trend.
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