Price Under pressure and Waiting Next support 105.40/65
Many Reason behind DROP 300 PIPS LAST WEEK $
1-Trump @ CHINA USA TRADE WAR
2-FED Un-clear direction of the market
3-NFP
one of the most widely anticipated reports on the US economic calendar, the Employment Situation is a timely report that gives a picture of job creation, loss, wages and working hours in the United States. Data in the report relies on the Household Survey and the Establishment (or Payroll) Survey. While the Household Survey is based on the interviews to US households, the Establishment Survey queries business establishments, making it the preferred source of data. Employment Situations has many significant figures such as: Change in Non-Farm Payrolls, Unemployment, Manufacturing Payrolls, and Average Hourly Earnings.
The headline figures for this report are reported monthly, as the total number of new jobs in thousands (say, 120K new jobs), and the unemployment rate.
Change in Non-farm Payrolls
Monthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy. Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so. A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely.
1-Trump @ CHINA USA TRADE
2-FED Un-clear direction of the market
http://prntscr.com/oobhmb
1-Trump @ CHINA USA TRADE WAR
2-FED Un-clear direction of the market
3-NFP
one of the most widely anticipated reports on the US economic calendar, the Employment Situation is a timely report that gives a picture of job creation, loss, wages and working hours in the United States. Data in the report relies on the Household Survey and the Establishment (or Payroll) Survey. While the Household Survey is based on the interviews to US households, the Establishment Survey queries business establishments, making it the preferred source of data. Employment Situations has many significant figures such as: Change in Non-Farm Payrolls, Unemployment, Manufacturing Payrolls, and Average Hourly Earnings.
The headline figures for this report are reported monthly, as the total number of new jobs in thousands (say, 120K new jobs), and the unemployment rate.
Change in Non-farm Payrolls
Monthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy. Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so. A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely.
1-Trump @ CHINA USA TRADE
2-FED Un-clear direction of the market
http://prntscr.com/oobhmb