Impact of non-farm payrolls for the precious metals gold, crude oil, dollar
High non-farm employment data, prove the healthy development of the US job market, improve the employment rate shows that the US economic boom boom, this will cause the dollar to rise, the price of gold, crude oil will increase as the dollar rose and fell. If the US recession, will be weighed on the dollar, gold and silver prices will rise as the dollar were suppressed while. So that we can be judged based on non-farm payrolls data and the expected value of the former is bad or good, so we can conclude that prices of gold, crude oil.
For gold is concerned, the fundamentals of the US dollar is very important, but the main factor affecting the dollar is the US economic data, US economic data is the most important non-farm payrolls data. Since gold is priced in dollars, and when the United States is proposed to withdraw monetary gold initiator of the stage of history in Jamaica agreement, while US gold reserves ranked first in the world. Therefore affect the dollar price of gold should not be overlooked, in the case of other conditions remain unchanged, the dollar, gold fell, the dollar fell, gold appreciation.
Therefore, if the non-farm payrolls and the price of gold links, we can draw a conclusion that in the case of other conditions remain unchanged, non-farm payrolls increase, the price of gold fell, reducing non-farm payrolls, the price of gold rises. However, taking into consideration the expected non-farm payrolls, while other conditions remain the same, if the true value of the non-farm payrolls greater than the predicted value, the deviation is greater than zero, then the price of gold will fall.
For example, US payrolls data is poor, reflecting the poor US economy, the dollar is not favored by the capital market, in this case, the dollar will fall, while the dollar-denominated crude oil will rise.
On the other hand, poor jobs data prompted the Fed may change in the future as a more relaxed monetary policy to stimulate the economy, so that the supply of dollars circulating in the market will rise, the dollar will be devalued, dollar-denominated crude oil will rise.
Meanwhile, the poor US economy, will lead people into the capital market capital of $ withdrawal instead invest in crude oil and other value-added market better market.
Above reflects several factors, non-farm direct role of the dollar index, while the role of capital flows gold and silver markets. During the non-farm single point in time in the best position is very important, mentors will hmcfds Queen Mary forex platform from time to time publish some favorable trading signals in the chat room official website expressly stated that the full stop point for your reference.
The impact of non-farm data on crude oil prices, as long as investors keep in mind:
Non-farm payrolls better than expected - the US economy improves - dollar - Crude oil prices fell.
Non-farm data worse than expected - the deterioration of the US economy - a falling dollar - rising crude oil prices.