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Showing posts with label non-farm payrolls. Show all posts
Showing posts with label non-farm payrolls. Show all posts

Friday, 4 August 2017

The dollar went up after the release of the US employment report

On Friday, the dollar moved up against other major currencies after a positive employment report allowed investors to forget about the continuing political tension in Washington.
On Friday, the US Department of Labor released a report on employment outside the agricultural sector, according to which 209,000 jobs were created in the US, which significantly exceeded the forecasts of experts of 183,000 jobs. The adjusted value showed that 231 thousand jobs were created in the US economy in June (the preliminary value was 222 thousand jobs).
After the value of 4.4% the unemployment rate in July fell to 4.3%, according to forecasts after a value of 4.4% in the previous month.
The average hourly wage in the US increased by 0.3% in line with the forecast and against an increase of 0.2% a month earlier.

Wednesday, 3 August 2016

ADP and Non-farm payrolls - what to expect on Friday?

Today in the United States came out data on the number of employees by ADP, which have purely prognostic value. According to these statistics, you can more accurately predict the next data on Non-farm payrolls, which will be released on Friday, and most often they exceed the ADP data by 30-40 percent. Forecast for ADP was 170 thousand, while the Non-farm are only 175 thousand. The real statistics exceeded expected - 179 thousand. It is easy to calculate, that according to the forecast by ADP, Non-farm will be released in the area of ​​220-250 thousand. And with this in mind, we can expect a significant excess of forecasts and, consequently, the volatility in the region of 100-150 points in pairs with the US dollar. Moreover, this volatility will be one-way, which is very convenient for trade "by hand", or with a slight indentation in the trade with pending orders.