There are many factors affecting the medium and long-term trend of the FOREX market, including interest rates, gross domestic product (GDP), US non-farm payrolls (NFP), consumer price index (CPI), producer price index (PPI), durable goods orders, claims for unemployment benefits, industrial production index, trade balance, unemployment rate, retail sales, etc. Differences between published data and expectations will have different impacts on currency pairs.submitted by top1markets to u/top1markets [link] [comments]
The NFP of the US is one of the important factors affecting FOREX. Increases in NFP and average wages indicate that employment growth and potential inflationary pressure have increased. In many cases, the Fed will inhibit them by hiking interest rates, benefiting the US dollar. On the other hand, NFP's continual decline would mean that the economy is slowing down to some extent, leading to an increase in likelihood of reduced interest rates and hurting the US dollar.
In addition, decisions of central banks' in different countries on interest rates are another important factor that affects FOREX. In the US, for example, interest rates are determined by the Federal Open Market Committee (FOMC). Interest rate decisions are important because central banks in different countries will formulate monetary policy and interest rate decisions based on a combination of economic growth, domestic inflation and unemployment. Therefore, interest rate decisions determines a country's path of interest rates for a period of time in the future.
If the central bank in a country decides to lower interest rates, future returns on cash deposits will fall, causing local currency funds to flow from banks to the market, encouraging investment and consumption, and boosting economic growth. At the same time, the market demand for the country's currency will drop due to lower yields, increasing the currency's depreciation pressure. In contrast, a rise in the interest rate will increase borrowing costs, and reduce the liquidity in the market. Therefore, it has the effect of suppressing consumption and curbing inflation. Meanwhile, higher yields will attract more money converted into the country's currency, increasing the likelihood of currency appreciation.
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Tomorrow’s U.S. non-farm payrolls report is expected to be the worst ever. Economists believe that more than 21 million jobs were lost in the month of April, which would drive the unemployment rate up to 16%. The last time the jobless rate was in the double digits was in 1983, just after the 1980s recession. Historic job losses should drive ... This Friday’s non-farm payrolls report will be the first monthly labor market number to show the COVID-19 impact. Economists are looking for only a 100,000 decline in payrolls because, like ADP (NASDAQ: ADP), NFPs are measured as of March 12. The first state-wide stay-at-home order was not issued by California until March 20 and quickly spread across the nation in the days that followed. Risk Warning: Trading forex, cryptocurrencies, indices, and commodities are potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against traders. Before any investment in forex, cryptocurrencies, indices, and commodities you need to carefully consider your targets, previous experience, and risk level. Trading may result in the loss ... Non Farm Payrolls (NFP) measures the amount of jobs gained in the U.S. during the previous month that aren’t farm related. It is typically released on the first Friday of the new month, and also includes the Unemployment Rate, Average Hourly Earnings, and the Participation Rate. While all of those releases can have an impact, NFP is the main ... If you want to know about Non-Farm Payrolls or simply NFP as it is called among the traders then this article is for you. Today’s U.S. non-farm payrolls report is expected to be the worst ever. Economists believe that more than 21 million jobs were lost in the month of April, which would drive the unemployment rate up to 16%. The last time the jobless rate was in the double digits was in 1983, just after the 1980s recession. Historic job losses should drive ... The non-farm payroll data is out a day early with the Independence Day holiday upon us. ... Non-Farm Payrolls Ahead. Forex Signals Brief for Jul 2: Non-Farm Payrolls Ahead. Posted Thursday, July 2, 2020 by Rowan Crosby • 2 min read Bitcoin. Daily Brief. EUR/USD. Forex Signals. USD/JPY. Jobs are key. US Market Wrap. US markets managed to finish the session in the green for yet another day ...
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Watch 30-year Forex professionals Andrew Lockwood & Paul Varcoe trade Forex live as the monthly Non-farm Payroll event unfolds! What is Nonfarm Payrolls (NFP... Non Farm Payroll (NFP) is one of the biggest news that can move the Forex market. This video discusses 5 simple steps to trade the NFP report. The topics cov... Here's my video on non-farm payroll trading and FOMC. It doesn't require a rocket science degree to see why almost all people who are involved in Forex tradi... This video is unavailable. Watch Queue Queue. Watch Queue Queue This Non-farm Payroll we decided to do something special! We're opening up the LIVE event coverage to the wide public here on YouTube! That's right, now ever... Non Farm Payrolls ready for the worst released, are you on board to sell dollar? Massive Sell off Expected. We’re headed into the first Friday of March tomorrow morning, which means it’s time for “Non-Farm Payrolls”, the biggest event of the month! Looking at the charts, it’s easy to see some ... American Nonfarm Payrolls Data Release, Timing Forex Trading Tips . http://www.padugai.com. http://www.ForexSetUps.com/yt.html Forex Trading and Forex Signals available at our site. NON FARM PAYROLLS NON-FARM PAYROLLS Trade the United States employment situation and its so-called Non-Farm Payrolls report LIVE with Wayne McDonell. FXstreet.com and FX Bootcamp have been partners of this event for over 12 years.