There are many factors influencing the trend of foreign exchange market, and non-agricultural influence on foreign exchange is one of them. So what are the specific aspects of non-agricultural impact on the foreign exchange market? How exactly did it affect? These are issues that traders are more concerned about. Next, I will explain the impact of non-agricultural use on foreign exchange.
First of all, let me briefly introduce non-agricultural people. What we often say is non-agricultural employment data in the United States, referred to as non-agricultural data. The non-agricultural data includes three values, namely: the number of non-agricultural employment in the United States, the employment rate, and the unemployment rate. The non-agricultural data reflects the employment situation of the non-agricultural population in the United States, and at the same time reflects the latest economic situation in the United States. Non-agricultural data is released at 20:30 on the first Friday of every month in Beijing time (daylight saving time).
So what are the main impacts of non-agricultural on foreign exchange?
First, non-agricultural mainly reflects the employment situation of the non-agricultural population, which means that it can directly reflect the development of the US manufacturing industry and service industry. If the non-agricultural data decreases, it indicates that the production situation of American companies is poor and the economy is in a state of depression. This will directly affect the exchange rate of the US dollar, and the impact of the US dollar will naturally have an impact on the foreign exchange market as a whole.
Generally speaking, non-agricultural data is better than expected and the dollar strengthens; non-agricultural data is lower than expected, and the dollar will weaken. However, this situation is not absolute, and unexpected situations may also occur in the foreign exchange market. Non-agricultural data is only one of the factors that affect market trends, so traders should treat non-agricultural data correctly.
In the second aspect, because non-agricultural data has attracted the attention of many traders in the market, many traders will place orders based on their own predictions before the non-agricultural data is released. Therefore, non-agricultural enterprises have created a range of fluctuations in the market. After the announcement, a large number of traders will perform corresponding operations again, which will have a driving effect on the foreign exchange market and affect the direction of market fluctuations.
Therefore, the impact of non-agricultural data on foreign exchange mainly comes from two aspects: one is that its reflection on the US economy directly affects the US dollar exchange rate, which further affects the overall volatility of the foreign exchange market. The other is that traders place orders before and after the release of non-agricultural data, which will have a certain driving effect on the market and provide a basis for fluctuations. This allows non-agricultural data to largely lead the trend of the foreign exchange market for a period of time.
Regarding the impact of non-agricultural on foreign exchange, Yuhui International will introduce you here today. One thing to remind everyone is that the risk of foreign exchange speculation in non-agricultural markets will be greater than usual, so traders need to strictly control the stop loss. For conservative traders, it is recommended to leave the market and wait and see.