NFP Non Farm Payrolls News 5th July 2024 Prediction. The upcoming non-farm payrolls report is a highly anticipated indicator of the health and performance of the US labor market.
As one of the most closely watched economic indicators, analysts and investors alike will be paying close attention to this release.
The non-farm payrolls report provides valuable insight into trends in job creation, wage growth, and unemployment rates, offering key insights into the overall strength of the economy.
A positive report with higher than expected job gains could indicate a thriving labor market and potentially lead to increased consumer confidence and spending.
Conversely, a weaker than expected report could suggest potential challenges for economic growth and stability. Ultimately, the non-farm payrolls report has the power to move markets and shape policy decisions based on its implications for future economic conditions.
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NFP Non Farm Payrolls News 5th July 2024 Prediction with the fed
In 2024, the Federal Reserve made the decision to cut interest rates in an effort to stimulate economic growth and combat rising inflation.
The move came after a period of sustained economic expansion and tightening labor markets, prompting concerns about overheating and excessive price increases.
By lowering the federal funds rate, the central bank aimed to encourage borrowing and spending while making credit more affordable for businesses and consumers alike.
This policy shift was met with mixed reactions from investors, with some viewing it as a necessary step to support continued growth, while others expressed apprehension about the potential risks of artificially low rates.
Overall, the Fed’s decision reflected a delicate balancing act between promoting sustainable economic activity and maintaining price stability in an increasingly complex global environment.
Economists have said this year rates cut is inevitable. With the weakening in the labor market, at least we should already had a rate cut already. As things go, soon September one rate cut is inevitable.
Signs of a weak labor market this past past month
The signs of a weak labor market this past month are concerning and indicative of underlying economic challenges.
The most glaring indicator is the rise in unemployment claims, which have surged unexpectedly despite initial predictions of improvement.
Additionally, job creation has been sluggish, with many sectors experiencing little to no growth in employment opportunities. Wages have also stagnated or even decreased in some industries, further highlighting the lack of demand for labor.
Furthermore, participation rates in the workforce have dropped as individuals become discouraged by the limited job prospects available.
These trends suggest a broader issue of underemployment and a mismatch between job seekers’ skills and available positions.
As we navigate these challenging times, it is imperative for policymakers and businesses to enact measures that stimulate job growth and foster a resilient labor market for all workers.
Correlation between NFP Non Farm Payrolls with initial jobless claims reports
This is a small secret for you to learn to predict the NFP news like a pro. The secret is simply the positive correlation between the initial jobless claims and the Non Farm Payrolls. Not every time it will work, but in many cases it works.
To trade all news better register now with my broker. The correlation between NFP (Non Farm Payrolls) and initial jobless claims reports is a vital indicator of the health of the labor market.
When initial jobless claims are low, it indicates that fewer people are filing for unemployment benefits, suggesting that businesses are not laying off workers at a high rate.
This tends to correlate positively with NFP data, which measures the total number of paid employees in the US, excluding farm workers, government employees, and non-profit organization employees.
A decrease in initial jobless claims typically leads to an increase in NFP figures as more people are employed.
Conversely, if initial jobless claims rise, it could signify potential trouble ahead for the labor market and a potential decline in NFP numbers.
Therefore, analysts closely monitor these two indicators to gain insights into overall job market trends and underlying economic conditions.
Past NFP Non Farm Payrolls News Release
The past NFP Non Farm Payrolls was very tricky to me, also very complicated. To get the NFP news predictions right, I use more than four indicators or let’s say strategies.
Once all four strategies are in lead me in one direction, it’s a confirmation regarding the news in question. But, oh lord! The past NFP I did the right prediction and changed my mind on the last minute.
It was as if the devil whispered in my ear, and boom! I lost that trade. But loosing brought me joy and I was very thankful to my God for the loss.
Because, I been always winning and things must be balanced in the universe. So I celebrated my loss. This is the way of Forex trading.
NFP Non Farm Payrolls News 5th July 2024 Prediction
Based on current economic indicators and trends, the NFP Non Farm Payrolls news scheduled for release on July 5th, 2024 is predicted to show a significant decrease in job numbers.
With the labor market showing signs of weakness and slow growth, experts anticipate that the report will reflect a bearish direction in non-farm payrolls, potentially as expected.
This negative outcome can be attributed to various factors such as weaker consumer confidence, doubtful business investments, and an overall slow economy.
Investors and policymakers alike will closely monitor this data as it serves as a critical benchmark for assessing the health of the U.S. labor market and economy at large.
However, it is essential to exercise caution as unexpected events or external factors could influence the actual outcome of this report.
My prediction on Unemployment Rates of 5th July 2024
As of July 5th, 2024, the unemployment rates are predicted to increase slightly according to leading economic analysts. I also see a increase or unchanged data comparing to the publication last month.
Last month’s Unemployment Rates was released with a positive of 4%, the forecast was of 3.9% and the previous was 3.9%.
This forecast is based on various factors such as the current job market trends, industry growth projections, and government policies affecting employment.
It is anticipated that with a weakening economy and decrease job opportunities across sectors such as technology, healthcare, and green energy, more individuals won’t be able to secure gainful employment.
Additionally, the American economy has a tendency to always improve the employment sector, ongoing efforts to reskill and upskill workers through training programs and educational initiatives are expected to contribute to lowering the unemployment rates within the coming months.
However, it is essential for policymakers and businesses to continue implementing strategies that prioritize job creation and workforce development to ensure sustained progress in reducing unemployment levels.
My Prediction on NFP Non Farm Payrolls News 5th July 2024 Prediction
It is very unusual for me to release the NFP news prediction this early. The reason for this is the conviction that I have regarding the upcoming NFP news release. With all leading indications and all my strategies this is my news direction.
But before, I would like to bring this at your attention: Please if you are scared of risking money, use a proper risk management. Don’t put me as the cause for your loss.
I love risking money and I get big rewards for that. We do not all have the same risk appetite. So risk only what you can afford to loose.
If you want to trade with me, you can join my YouTube channel as I will try to trade live, so that when I loose we all loose together or when I win we all win together.
I do have payable strategies for people who are scared to loose. They are guaranteed, so there will be less losses and too many profitable trades for you. You can leave me a message on the comment section below if you are interested.
My Prediction on NFP Non Farm Payrolls News 5th July 2024 Prediction will be a sell for any currency pair with the USD as the base. For example USDJPY. If your preferred currency pair has USD as a quote, simple do the contrary.
If there is any change on this prediction, this page will be updated. Visit this website very often… Cheers!
Upcoming U.S Non Farm Payrolls NFP 5th April. The past non-farm payrolls (NFP) report is a critical economic indicator that provides valuable insights into the health of the labor market in the United States.
Released by the Bureau of Labor Statistics on a monthly basis, this report details the total number of jobs added or lost in non-farm industries, excluding farming and government employment.
Investors, policymakers, economists, and analysts closely monitor this data as it sheds light on trends in job creation, unemployment rates, wages, and overall economic growth.
A higher-than-expected NFP figure typically signals a strong economy and may lead to increased consumer spending and business investments.
On the other hand, a lower-than-expected NFP figure indicates potential weakness in the labor market and could impact financial markets and monetary policy decisions.
Therefore, understanding and interpreting past NFP reports is crucial for making informed decisions in both personal finance and professional settings.
The last Non Farm Payroll trades with us
Before I speak about the non farm payrolls of last months, let me recapitulate on the NFP news released before that. If you have been following me on the website or my youtube channel, you will realise all my predictions for the NFP news have been a success.
We sometimes find challenges when the news comes in competition with other news releases. Besides, I always trust my intuition and find the best trading strategy suited for that challenge.
That’s the case with the past Non Farm Payrolls report. I did put too much attention on the NFP itself and neglected the unemployment rates. The two news mentioned followed by the Hourly Earnings can be a big burden to your trade.
So what happened last time, the direction was very well predicted and and before the news reached its final destination on the chart it reversed very brutally. I’m pretty sure many people have blown their account that day.
Speaking of intuition, I knew something wasn’t right and came up out of the trade very fast before the reversal. I really hope for the upcoming Non Farm Payrolls of the 5th April to trade at full potential.
As a reminder, it’s now been three years since I am on the green trading the NFP news. I really hope what was yesterday will be today and forever. NFP is among the forex news where I really put my energies because it’s worth it.
I always recommend fundamental scalpers, news traders to choose what is important in the forex business as this forex world is just too big. I have also noticed that all the small news that happens during the weeks are really energy drainers.
You can save big money and trade it for big news, don’t be impatient. That will lead you to turn around in a vicious circle with a bonus on headaches and stress. NFP news, CPI news and today’s boring Fed News are really worth trading for a life changing experience.
Forex news prediction calendar on forexnewspredictions.com website
As we speak about small news releases during the week, the website forexnewspredictions.com have created a calendar with news predictions. This is because most of you have demanded more signal services besides what the website had projected for.
Of course since this innovation, the calendar has been helpful for many traders who found interest in it. By checking the predictions history on the calendar, you will notice a lot of wins and few losses.
As you all know, you can’t win it all in this game. But you can if you focus on one, two or three trades only monthly, as I explained above.
My prediction on Upcoming U.S Non Farm Payrolls NFP 5th April
The upcoming non-farm payrolls news scheduled for April 5th, 2024 is anticipated to be a critical event for economists, investors, and policymakers alike.
Non-farm payroll data is a key indicator of the overall health of the U.S. economy, as it provides valuable insights into job creation and employment trends.
Analysts will closely scrutinize the report for any signs of wage growth, labor force participation rates, unemployment levels, and sector-specific performance.
This information is crucial for guiding monetary policy decisions by the Federal Reserve and forecasting market movements. As such, market volatility may increase leading up to and following the release of this highly anticipated economic data.
Traders and investors are advised to stay informed and exercise caution while interpreting and reacting to the implications of this essential report on April 5th, 2024.
At least for now we have an idea of the Unemployment Rates reports to come because of of last prediction. As I said previously we really wish all the news to align in one direction for potential full win.
With the aid of the prediction calendar, we have done a lot to help you win trades and stay profitable. Do me a favour and support my effort by subscribing to receive my accurate prediction on the upcoming Non Farm Payrolls news on the 5th April 2024.
Update Non Farm Payrolls NFP news 5th April 2024
The U.S job market reports and forecasts by economists these days are very messy. You will notice the “actuals” keeps changing upon almost every news release.
But for us traders, what matters is to beat the forecasts in order to make money. So as per my analyses, it starts to look very true regarding the fed rates cut this year.
Simply because, I have noticed the U.S job market starts cooling. Yes, even the Non Farm Payrolls of 5th April 2024 are going down on the chart.
Given a forecast of 205k by economists on investing.com and 200k on other websites, I strongly believe the result will be above that. So I expect the results to be around 210k-225k for April 5th 2024 NFP news.
In conclusion, I will buy the USD and I am convinced this trade will be at full potential with no ugly surprises. In general, we have a big chance to go bullish with all three news to be released on the same day.
Upcoming Core Consumer Price Index CPI March 12th. The upcoming US Consumer Price Index (CPI) release of 12th March 2024 is highly anticipated by economists, policymakers, and investors alike as it provides a crucial gauge of inflation in the country.
In light of recent economic turbulence caused by the ongoing COVID-19 pandemic and subsequent government stimulus measures, there is heightened interest in understanding how prices are trending across various sectors of the economy.
The CPI data will shed light on whether inflationary pressures are building up or if deflationary forces are at play. This information is vital for guiding monetary policy decisions, forecasting economic growth, and making investment choices.
Analysts will closely scrutinize the CPI report to assess the impact on consumer spending patterns, wage growth, and overall market sentiment. As such, market volatility may be expected following its release as investors react to any surprises or deviations from consensus forecasts.
CPI News impact
The Consumer Price Index (CPI) is a key economic indicator that measures the changes in the prices paid by consumers for goods and services. When CPI news is released, it can have a significant impact on financial markets and investor sentiment.
A higher than expected CPI reading may signal rising inflation, leading to concerns about potential interest rate hikes by central banks. This could cause stock prices to fall as investors anticipate tighter monetary policy.
Conversely, a lower CPI reading may be seen as a sign of weaker demand and economic activity, prompting fears of deflation. As such, investors closely monitor CPI data releases for insights into future trends in the economy and potential investment opportunities or risks.
Why to trade Upcoming Core Consumer Price Index CPI March 12th
Trading CPI (Consumer Price Index) news can be a lucrative strategy for experienced traders due to the significant impact it has on global financial markets. CPI is a key economic indicator that measures inflation rates and consumer purchasing power, directly impacting interest rates and currency values.
As such, when CPI data is released, it can cause market volatility and present trading opportunities for those who are prepared to act swiftly. By closely following CPI releases and understanding their implications on various asset classes, professional traders can capitalize on the price movements that result from these reports.
Additionally, trading CPI news allows traders to stay informed about broader economic trends and make better-informed decisions in their trading activities. Overall, incorporating CPI news into a trading strategy can provide valuable insights and enhance profitability in the competitive financial markets.
CPI of march 12th news prediction
The Consumer Price Index (CPI) released on March 12th provides valuable information for investors looking to make informed decisions about buying or selling assets. The CPI measures the average change in prices paid by consumers for goods and services, indicating the rate of inflation.
A higher CPI suggests that prices are increasing, potentially leading to a decrease in purchasing power. Conversely, a lower CPI indicates deflationary pressures and may signal economic weakness. Investors can use this data to anticipate future interest rate movements by central banks, adjust asset allocations accordingly, and hedge against inflation or deflation risks.
Ultimately, understanding and analyzing the CPI of March 12th news is essential in making well-informed investment decisions in today’s dynamic market environment. Based on current economic indicators and market trends, the Consumer Price Index (CPI) for March 12th is predicted to show a slight increase in inflation rates.
Factors such as rising energy costs, supply chain disruptions, and strong consumer demand have all contributed to inflationary pressures in recent months. Analysts are closely monitoring core inflation metrics, which exclude volatile categories like food and energy prices, to gauge the underlying trend in price levels.
The Federal Reserve continues to closely monitor CPI data as they consider monetary policy decisions moving forward. Investors and policymakers will be paying close attention to the release of the CPI report on March 12th for insights into potential future interest rate movements and overall economic stability.
Zama Zama Fx Prediction Upcoming Core Consumer Price Index CPI March 12th
The Consumer Price Index (CPI) of March 12 has been a hot topic in economic forecasting circles, as analysts eagerly awaited the release of this key indicator.
The CPI is a measure of inflation based on the prices of a basket of goods and services typically consumed by urban households. This data is crucial for policymakers, economists, and investors to gauge the health of the economy and make informed decisions about monetary policy.
My March 12 CPI forecast is expected to show whether inflation rates are accelerating or moderating, which could have significant implications for interest rates, stock market performance, and consumer confidence.
Analysts will be closely monitoring this news forecast to assess the impact on the markets and anticipate potential economic trends moving forward. Based on recent economic indicators and trends, I am predicting that the core Consumer Price Index (CPI) for March 12th, 2024 will exhibit a modest increase in the month-over-month comparison.
This prediction is supported by various factors such as rising energy prices, increased consumer demand, and supply chain disruptions. Additionally, the current inflationary pressures and labor market dynamics are likely to contribute to this uptick in core CPI.
It is important for policymakers and market participants to closely monitor these developments as they can have significant implications for monetary policy decisions and overall economic performance. In conclusion, while the exact magnitude of the increase remains uncertain, all signs point towards a slight rise in core CPI for March 12th, 2024.
Important: We may experience duality on the news release. The candle may fly up and then come down and vice versa. I strongly believe the CPI YoY will be negative USD based, the CPI MoM to be equal or superior to the forecast and the Core CPI to also be equal or superior to the forecast.
In conclusion, I will buy the USD and let things be…. this can be updated anytime.
Non Farm Payroll NFP News Prediction March 8th. The non-farm payroll report is a crucial economic indicator that provides insight into the health of the labor market in the United States. Past non-farm payroll results have shown fluctuations in job growth, unemployment rates, and wage increases.
For example, in the aftermath of the 2008 financial crisis, non-farm payroll results were dismal, with job losses reaching historic levels and unemployment rates skyrocketing. However, in recent months, the non-farm payroll report has shown more positive results with steady job growth and declining unemployment rates.
One significant trend in past non-farm payroll results is the impact on the financial markets. Positive non-farm payroll results often lead to a surge in stock markets as investors interpret the data as a sign of economic strength.
Conversely, negative results can cause market volatility and uncertainty as investors worry about the health of the economy. In addition, the Federal Reserve closely monitors non-farm payroll results when making decisions about interest rates and monetary policy, as the data provides valuable insight into the overall health of the economy.
Looking ahead, analysts and policymakers will continue to closely monitor non-farm payroll results to gauge the strength of the labor market and the overall economy. As the US continues to recover from the effects of the COVID-19 pandemic, non-farm payroll data will be crucial in understanding the long-term impact on employment and wage growth.
By analyzing past non-farm payroll results and trends, we can better understand the challenges and opportunities facing the labor market and make informed decisions to support economic growth and stability.
The January employment report showed headlines for the key metrics — nonfarm payrolls, private sector payrolls, the unemployment rate, and average hourly earnings — that were stronger than expected (much stronger for the payrolls data).
The report had a few quirks, too, namely a notable drop in the average workweek to 34.1 hours from 34.3 hours, benchmark revisions that showed nonfarm payroll employment in November and December combined 126,000 higher than previously reported, and updated population estimates that decreased the estimated size of the civilian non institutional population by 625,000 and the civilian labor force by 299,000 in December.
Non Farm Payroll NFP News Prediction 8th March Key Factors
January nonfarm payrolls increased by 353,000. The 3-month average for total nonfarm payrolls increased to 289,000 from 227,000. December nonfarm payrolls revised to 333,000 from 216,000. November nonfarm payrolls revised to 182,000 from 173,000.
January private sector payrolls increased by 317,000. December private sector payrolls revised to 278,000 from 164,000. November private sector payrolls revised to 152,000 from 136,000.
January unemployment rate was 3.7%, versus 3.7% in December. Persons unemployed for 27 weeks or more accounted for 20.8% of the unemployed versus 19.7% in December. The U6 unemployment rate, which accounts for unemployed and underemployed workers, was 7.2% versus 7.1% in December.
January average hourly earnings were up 0.6% versus 0.4% in December. Over the last 12 months, average hourly earnings have risen 4.5%, versus 4.3% for the 12 months ending in December.
The average workweek in January was 34.1 hours, versus 34.3 hours in December. Manufacturing workweek was unchanged at 39.8 hours. Factory overtime was dipped 0.1 hour to 2.7 hours.
The labor force participation rate held steady at 62.5%.
The employment-population ratio increased to 60.2% from 60.1% in December.
Upcoming Non Farm Payroll (NFP) 8th March
The upcoming non-farm payroll report is highly anticipated among economists, investors, and policymakers alike. This report provides crucial insights into the health of the labor market in the United States by detailing the number of jobs added or lost in the previous month, as well as the unemployment rate.
These data points are essential in understanding the overall economic health of the country and can have significant implications for financial markets. Therefore, analysts will carefully scrutinize the upcoming report for any signs of strength or weakness in the labor market.
One key aspect to watch for in the upcoming non-farm payroll report is the rate of job growth. A strong job growth number typically indicates a healthy economy and can lead to increased consumer spending and investment.
On the other hand, a weak job growth number may signal economic troubles and could prompt policymakers to take action to stimulate the economy. Additionally, the unemployment rate will also be closely watched, as a lower unemployment rate suggests a tight labor market and potential inflationary pressures.
Overall, the upcoming non-farm payroll report holds significant importance for understanding the current state of the U.S. economy. By carefully analyzing the data released in this report, economists and investors can gain valuable insights into the health of the labor market and make informed decisions about the future direction of the economy. As the release date approaches, the financial markets will be on edge, eagerly awaiting the results of this key economic indicator.
Non Farm Payroll NFP News Prediction 8th March
As we approach the 8th of March, investors and economists alike are eagerly anticipating the release of the Non Farm Payroll (NFP) report. This report, which is released by the U.S. Bureau of Labor Statistics on the first Friday of each month, provides valuable insights into the state of the U.S. labor market. The NFP report is considered to be a key indicator of economic health and is closely watched by investors as it can have a significant impact on financial markets.
In recent months, the NFP report has shown encouraging signs of growth in the U.S. economy, with strong job gains and a declining unemployment rate. Economists are predicting that this trend will continue into March, with expectations of a solid NFP figure to be released. This positive outlook is based on factors such as strong consumer spending, increased business investments, and overall economic confidence. A strong NFP report would further bolster the case for a healthy U.S. economy and could potentially lead to a rally in the stock market.
However, it is important to note that economic forecasts are never guaranteed and unexpected events can always impact the outcome of the NFP report. Factors such as geopolitical tensions, changes in government policies, or unexpected fluctuations in the labor market could all influence the final NFP figure. As such, it is crucial for investors to stay informed and closely monitor economic data leading up to the release of the NFP report on the 8th of March. Overall, the NFP report is a critical piece of information that provides valuable insights into the state of the U.S. economy and has the potential to impact financial markets around the world.
How I see Non Farm Payroll NFP News Prediction March 8th
The Non-Farm Payroll (NFP) report is a crucial economic indicator that provides valuable insights into the health of the U.S. economy. Released on the first Friday of every month by the Bureau of Labor Statistics, the NFP report measures the number of jobs added or lost in the non-farm sector, excluding agriculture, government, and a few other sectors.
This report is closely watched by investors, economists, and policymakers as it gives a snapshot of the overall employment situation in the country. The NFP report has a significant impact on financial markets, as it can influence monetary policy decisions, interest rates, and investor sentiment.
One of the key impacts of the NFP report is on the stock market. A stronger-than-expected NFP report, indicating robust job growth, can lead to a rise in stock prices as it reflects a healthy economy and increased consumer spending.
On the other hand, a weaker-than-expected report, showing a decrease in job growth or rising unemployment rates, can cause stock prices to fall as it signals economic weakness and potential recession. Investors closely analyze the NFP report to gauge the strength of the economy and make informed decisions regarding their investment portfolios.
Furthermore, the NFP report also affects the foreign exchange market, particularly the value of the U.S. dollar. A positive NFP report often leads to a stronger dollar as it indicates a strong economy and potential interest rate hikes by the Federal Reserve.
On the contrary, a negative NFP report can lead to a weaker dollar as it suggests economic weakness and lower chances of interest rate increases. Traders and currency speculators closely monitor the NFP report and its impact on the dollar’s value to make profitable trading decisions.
In conclusion, the NFP report plays a crucial role in shaping market trends, influencing investor behavior, and providing insights into the overall health of the U.S. economy. In brief, as i see things, the labor market will remain strong.
But because as traders we are fighting to beat the forecast, I am seeing myself selling the USD. This conclusion will be updated, so please visit the website regularly for precisions.
Update on Non Farm Payroll NFP News Prediction March 8th
On investing.com the forecast is 188k and the previous is 353k. With this temporary view from market analysts and economists, we are at the point of saying the upcoming NFP is going to be bullish. But you all have seen the past two NFP news, the forecast got updated a day before the news release.
So, we will keep an eye on the NFP news forecast from inversting.com. If the forecast stays unchanged, we will stay bullish. But if the forecast gets an update, I will update our prediction accordingly. So visit this page sometimes later…
Update No2 on Non Farm Payroll NFP News Prediction March 8th
As we keep an open eye on Friday’s NFP, e have noticed a change of forecast on for this news event on investing.com
From 188k forecast to 190k. But we know for sure is that, the U.S labor market is coolling.
But because our main target is to trade and win, we are looking at beating the forecasts. So we stay bullish on the USD.
Core PCE Price Index News Direction Prediction February 29th . The PCE Price Index is a crucial measure in determining inflation levels and understanding the overall health of an economy. It provides insights into the purchasing power of consumers and helps policymakers make informed decisions regarding monetary policy and economic stability.
Additionally, the PCE Price Index is used by firms and investors to predict inflation and make strategic financial decisions. This index reflects changes in prices of goods and services that are purchased by households, making it a reliable indicator of consumer inflation.
On the other hand, The Core PCE Price Index is a key measure of inflation that focuses on consumer prices while excluding the volatile food and energy components. This index is widely used by central banks, policymakers, and economists as an indicator of underlying inflation trends.
It provides important insights into the overall price levels and helps in assessing the effectiveness of monetary policies in controlling inflation. Furthermore, the Core PCE Price Index is considered to be a more reliable measure of inflation since it removes the impact of temporary price fluctuations in food and energy.
By monitoring the Core PCE Price Index, analysts can get a better understanding of the long-term inflationary pressures in the economy and make informed decisions regarding monetary policy, investment strategies, and forecasting future economic conditions.
In conclusion, the Core PCE Price Index is a crucial metric that provides valuable information about underlying inflation trends and helps in making informed decisions regarding monetary policy and economic forecasting.
“In today’s rapidly changing world, the significance of accurate inflation measures, such as the Core PCE Price Index, cannot be overstated. It serves as a vital tool for policymakers, central banks, and economists to assess the current and future state of inflation and adjust their strategies accordingly.
Additionally, the Core PCE Price Index is particularly relevant for countries like Singapore, where the prices of food and energy items are directly influenced by global commodity market fluctuations and can impact domestic prices.
In Singapore, including these items in the Core PCE Price Index allows policymakers to better understand and address the pass-through of global price changes to domestic prices.” “In today’s rapidly changing world, the significance of accurate inflation measures, such as the Core PCE Price Index, cannot be overstated.
The US Core PCE price index forecast
The US PCE price index is published by the Bureau of Economic Analysis. This is different from the Consumer Price Index, which measures prices in a similar way but places greater weight on the prices consumers actually pay, as opposed to the cost of seller-made goods.
The latter is relevant for macroeconomic analysis because it can be used to make inferences about consumer behavior; if the PCE is rising then consumers might be purchasing less, while if the CPI is rising it is likely consumers are paying more.
There are two types of PCE data: the “current” PCE, which is released on a monthly basis, and “chained” PCE, which is reported with a several-month lag. Chained PCE is the preferred measure because it accounts for changes to the basket consumption in response to changes in relative prices.
Furthermore, the index is “chained” to the value of goods and services prices since 2009, which implies that we should actually interpret the numbers as being in terms of changes, rather than the levels of the index itself.
This is known as the property of “translational invariance” in mathematics, and it makes the series more amenable to estimation using a variety of statistical techniques. So it is the chained PCE that forms the basis of this time series, with the analysis being amended to keep up with new data as it becomes available.
Core PCE Price Index News Direction Prediction February 29th
The main purpose of measuring inflation is to estimate the economy’s economic health. When the inflation is too high, the purchasing power decreases and it could lead to an economic downturn. If the inflation is low, people may delay purchases and the economy will not reach its full potential.
Therefore, it is imperative to use an accurate measure of inflation, so that the Federal Reserve can make good judgments about the interest rates. High core inflation puts pressure on the Federal Reserve to raise interest rates. Likewise, lower core inflation puts pressure on them to lower rates.
Knowing what the core PCE is and how to read its growth is essential in the global economy and in the foreign exchange markets. I will use a combination of fundamental analysis and technical analysis to forecast the movements of the forex pairs. Basic trading theory holds that currencies will rise with high or rising interest rates because higher rates provide better yields for the investors.
On the other hand, as inflation rises, purchasing power decreases. The central bank raises the borrowing rates to keep the inflation in check. Therefore, understanding the US core PCE growth and its significance helped me to understand “when” and “why” the dollar may appreciate and depreciate in the forex markets.
My prediction for the Core PCE Price Index News Direction Prediction February 29th 2024
In the past two months , the US core PCE index has shown neutrality and the PCE year of year was negative of 2.9% from 3.2% previous and the forecast 3%. By analyzing, and keeping an eye on the US economy, we can clearly see that this year the FED surely will give something to the American people.
Speaking less, I assume that the PCE price index of the 29th Feb 2024 is going to be bearish USD based. It will be released under 2.8% forecast for the YoY. And CPE MoM is going to be bullish +0,43%.
Now the question is: what direction is likely to end on the chart? So because I know the MoM is mostly the leader. I will go for a buy no matter what happens or i may stay away and enter the trade in the middle.
Besides the two conflicts, let put in mind that the jobless claims are coming to put some petrol on the fire. Overall i will stay with my decisions.
Non Farm Payroll NFP News Direction Prediction February 2nd. To recaputulate, NFP news direction refers to the general trend or direction of the Non-Farm Payrolls (NFP) report, which is a monthly economic indicator released by the US Bureau of Labor Statistics.
This report provides data on the number of jobs added or lost in the US economy, as well as the unemployment rate. The NFP news direction can either be positive or negative, depending on the data presented in the report.
A positive NFP news direction indicates a strong job market and a growing economy, while a negative NFP news direction suggests a weak job market and a slowing economy. This information is closely monitored by investors, economists, and policymakers as it can impact financial markets and influence decision-making. The direction of NFP news can also provide insights into the overall health and stability of the US economy.
Impact of the NFP on the American ecomy
The release of the NFP report can have a significant impact on the stock market as it provides important information on the state of the economy. A better-than-expected NFP report, indicating strong job growth, can lead to an increase in stock prices as it signals a growing economy.
Conversely, a weaker-than-expected NFP report can lead to a decrease in stock prices as it suggests a slowing economy. Non Form Payroll report can also affect the bond market, particularly the Treasury bond market. A strong NFP report can lead to an increase in interest rates, as it suggests a growing economy and potential for inflation.
This can make bonds less attractive to investors, leading to a decrease in bond prices. On the other hand, a weak NFP report can lead to a decrease in interest rates, making bonds more attractive and potentially increasing bond prices.
The NFP report can also impact currency markets, particularly the value of the US dollar. A stronger NFP report can lead to an increase in the value of the US dollar, as it signals a strong economy and potential for higher interest rates. A weaker NFP report, on the other hand, can lead to a decrease in the value of the US dollar as it suggests a slowing economy and potential for lower interest rates.
Why to trade the Non Farm Payroll NFP?
There are several reasons why trading the Non-Farm Payrolls (NFP) report can be beneficial for traders. Some of the main reasons include:
1. Volatility: The NFP report is known to create high volatility in the financial markets, especially in the currency and stock markets. This volatility can provide traders with more trading opportunities and potential profits.
2. Impact on the economy: The NFP report is one of the most closely watched economic indicators as it provides insights into the health of the US labor market. As the US is the world’s largest economy, the NFP report can also have a significant impact on global markets. Traders can use this information to make informed trading decisions.
3. Market expectations: The NFP report is released on the first Friday of every month and is anticipated by traders and investors around the world. This anticipation can create market sentiment and direction, which traders can take advantage of.
4. Fundamental analysis: The NFP report is a key piece of data that is used by traders for fundamental analysis. This report provides crucial information about the number of jobs added or lost in the previous month, the unemployment rate, and average hourly earnings. Traders can use this information to assess the health of the US economy and make trading decisions accordingly.
5. Short-term trading opportunities: The release of the NFP report can create short-term trading opportunities, especially for day traders. The sudden increase in volatility can lead to significant price movements, allowing traders to capitalize on short-term price fluctuations.
Overall, trading the NFP report can be beneficial for traders as it provides valuable information about the state of the US economy and can create potential trading opportunities. However, it is important to note that trading around the release of the NFP report can be risky and requires proper risk management strategies.
What to expect from the February 2nd NFP news release?
The February 2nd Non-Farm Payrolls (NFP) news release is a highly anticipated economic report that provides key insights into the state of the US labor market. Here are some things to expect from the release:
1. Employment Data: The NFP report includes data on the number of jobs added or lost in the previous month, as well as the unemployment rate. This information is a key indicator of the overall health of the labor market and can have a significant impact on the economy and financial markets.
2. Wage Growth: The report also includes data on average hourly earnings, which measures the change in wages for workers. This is an important factor in determining the strength of the economy and the potential for inflation.
3. Revisions: The NFP report also includes revisions to the previous month’s data, which can provide a more accurate picture of the employment situation.
4. Market Reaction: The release of the NFP report often causes volatility in financial markets, as investors and traders react to the data and adjust their positions accordingly.
5. Impact on Interest Rates: The Federal Reserve closely monitors the NFP report as part of its decision-making process for setting interest rates. A stronger-than-expected report could lead to expectations of a rate hike, while a weaker report could delay any potential rate increases.
Overall, the NFP news release is an important economic indicator that provides valuable information about the state of the US labor market and can have a significant impact on the economy and financial markets.
Non Farm Payroll NFP News Direction Prediction February 2nd
It is now my second year since I started sharing my views and opinions regarding fundamental forex trading. I can proudly say that I have never failed to predicting the Non Farm Payroll news release even once. I believe what was a success in the past will be a success forever.
After all, mastering a skill is a mark we put in ourselves that can not be equalised with anyone but ourselves. The NFP news is among the most important news for forex traders all over the world. Because it brings us an opportunity to make money and pay our bills sometimes.
Not only that, the NFP news release alone can make you rich depending on how much you have invested in it. I am not speaking of getting rich scam of course, but it is true that one news release only can make you rich.
The impact, the lot size will make you get the money that you have never perhaps made before. But Helas, this does come on a silver plate. You have to work your ass out in order to get what you expect.
Besides, news releases such as the NFP also come with some challenges you must be aware of to avoid falling in the trap. You can find my last post regarding the dos and don’ts of trading the NFP news.
In general, every news that is released, no matter how impactful it is, once it’s in competition with others to be released in the same minute, it brings a bit of chaos on the chart.
When you join our WhatsApp channel, you will have a chance to be updated on every news release that we have predicted. Sometimes we experience changes and we quickly update the changes in the WhatsApp channel.
So, while following the channel you get fast notifications on your phone. Speaking less, let me share my analyses regarding the NFP news release of the February 2nd. We have just seen the report for JOLTs today and it came unexpectedly bullish.
Luckily we were aware that the consumer confidence was supposed to come bearish and it did. Today’s news report on the chart was messy as well. I recommend knowing better how the chart behaves in order to avoid surprises and blow your account.
I will trade the Non Farm Payroll on February 2nd. I will surely buy the USD or sell Gold. The AUXUSD currency pair has always been my favourite. And I have many reasons why I believe it to be the best currency. You can trade using the EuroUsd or the USDJPY any currency pair that makes you feel comfortable.
On investing.com, the forecast for the Non Farm Payroll is 173k and the previous is 216k. The Unemployment Rate forecast is 3.8% and previous is 3.7%. The Average Hourly Earnings forecast is 0.3% and previous is 0.4%
As the NFP is the major among all the news enumerated above, I have strong conviction that that the actual will be higher than forecast on Friday February 2nd. Simply because the US job market these days is tight.
Zama Zama FxAlso Known as Forex Digger Trader is an African Forex Trader. He has spent long years understanding the forex market and trying to be among the 5% of winners in the industry. After too many failures and trials, Zama Zama Fx has discovered the simple ways to trade forex and to be profitable forever. In all his books, he is sharing crucial information to African traders especially on how to stay on the winning side of forex trading without any regret.
Risks Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
NFP News Trading Mistakes And How To Trade In 2024. I believe you already know what NFP is, but I still believe a definition will remind you of some forgotten aspect and will be used for newbies on the forex path. In this article, you will discover a simpler but best way to trade the NFP news release if you avoid the mistakes elaborated below.
What is NFP?
NFP News (Non-Farm Payroll News) is a monthly release by the U.S. Bureau of Labor Statistics that reports on the number of jobs added or lost in the previous month. It is considered one of the most important economic indicators as it provides insight into the health of the labor market and overall economy.
The NFP report includes data on employment in various industries such as manufacturing, construction, and retail. It also includes information on average hourly earnings and the unemployment rate. This data is used by policymakers, investors, and businesses to make informed decisions about the economy.
The release of NFP News can have a significant impact on financial markets, as it can affect the value of the US dollar, interest rates, and stock prices. A stronger-than-expected NFP report can lead to a rise in the US dollar and stock prices, while a weaker-than-expected report can have the opposite effect.
Traders and investors closely monitor NFP News and its impact on the markets, often adjusting their strategies based on the data. The report is also closely watched by the Federal Reserve, as it can influence their decisions on monetary policy and interest rates.
Overall, NFP News is an important tool for understanding the current state of the US economy and its future outlook. It provides valuable information for individuals and businesses to make informed decisions and can have a significant impact on the financial markets.
How To Trade The NFP News
Now i have reminded you the definition of the NFP news, let’s have a look on how to trade this news events which among the most important in the American academy. This the common trader way of trading the NFP news.
Trading the NFP (Non-Farm Payrolls) News is a popular and potentially profitable trading strategy used by investors and traders. The NFP report is released on the first Friday of every month by the U.S. Bureau of Labor Statistics and contains information on the number of jobs added or lost in the previous month, as well as the unemployment rate and average hourly earnings.
Here are some steps to help you trade the NFP News effectively:
1. Understand the NFP report: Before trading the NFP news, it is important to have a clear understanding of what the report contains and how it can impact the markets. The report is a key indicator of the health of the U.S. economy and can have a significant impact on currencies, stocks, and commodities.
2. Monitor market expectations: Leading up to the NFP report release, it is important to monitor market expectations and forecasts. This can give you an idea of how the markets might react to the actual report. You can find these forecasts on financial news websites or through your trading platform.
3. Prepare a trading plan: Based on your analysis of the NFP report and market expectations, you should prepare a trading plan. This should include your entry and exit levels, stop-loss and take-profit points, and risk management strategies. Having a plan in place can help you make more informed trading decisions.
4. Be aware of volatility: The NFP report can create high volatility in the markets, which can lead to large price movements. It is important to be aware of this and adjust your risk management accordingly. Consider using smaller position sizes or placing wider stop-loss levels to protect your trades.
5. Monitor price action: As the NFP report is released, monitor the price action in the markets closely. Look for any significant movements and compare them to your trading plan. If the market moves in your favor, you can consider adjusting your take-profit levels to lock in profits.
6. Consider trading the news with a demo account: If you are new to trading the NFP news, it may be beneficial to practice with a demo account first. This will allow you to test out your trading plan and strategies without risking real money.
7. Stay up to date with economic events: The NFP report is just one of many economic events that can impact the markets. It is important to stay informed about other economic events and news releases that may affect your trades.
Remember, trading the NFP news can be a high-risk, high-reward strategy. It is important to have a solid understanding of the markets and to always use risk management techniques to protect your trades.
This is how I trade the NFP news release
In French it says” répétition est la mère de la science” . If I translate it in english literally, it means “ repeating is the mother of science”. I believe today as there are 5% only of forex traders who have succeeded in this industry, it’s simply because 95% of information shared regarding forex on the internet is irrelevant.
The real teacher of forex is the trader himself. No matter how many courses you have taken, no matter how mentors you have worked with, if you don’t exercise your god’s given right which is your own intuition you will never be among the 5% winners in forex trading.
The NFP news release has never been published alone. This is the first thing you have to know. In the same minute, the news is published together with the Unemployment Rate, and the Average Hourly Earnings.
In this context, it’s crucial to understand what the other news and how impactful they are on the forex market. Let’s have a quick look at the enumerated forex news above.
Unemployment Rate
Unemployment rate refers to the percentage of the total labor force that is currently without a job and actively seeking employment. It is an important economic indicator that reflects the health of the job market and overall economy.
The calculation of unemployment rate involves dividing the number of unemployed individuals by the total number of people in the labor force and multiplying by 100. The labor force includes both employed and unemployed individuals who are able and willing to work.
The unemployment rate can vary depending on factors such as economic conditions, government policies, and demographic changes. It is often used by policymakers and researchers to measure the impact of economic policies and track economic trends.
A high unemployment rate indicates a weak job market and a struggling economy, while a low unemployment rate indicates a strong job market and a healthy economy.
How Impactful is the Unemployment rate on the Forex market?
The unemployment rate can have a significant impact on the Forex market, as it is closely linked to the overall health of an economy. Here are some key ways in which the unemployment rate can affect the Forex market:
1. Interest rates: One major way in which the unemployment rate can impact the Forex market is through its effect on interest rates. Central banks often use interest rates to control inflation and stimulate economic growth. A high unemployment rate can indicate a weak economy, which may prompt central banks to lower interest rates in order to encourage borrowing and spending. This can lead to a decrease in the value of a country’s currency, as lower interest rates make it less attractive for foreign investors.
2. Consumer spending: Unemployment also has a direct impact on consumer spending. When people are employed, they have more money to spend on goods and services, which can boost economic growth. A high unemployment rate can signal a decrease in consumer spending, leading to a decrease in demand for goods and services, and ultimately affecting a country’s currency value.
3. Trade balance: The unemployment rate can also impact a country’s trade balance, which is the difference between the value of its exports and imports. A high unemployment rate can lead to a decrease in domestic demand for goods and services, which can result in a decrease in exports and an increase in imports. This can negatively affect a country’s trade balance and currency value.
4. Market sentiment: The unemployment rate can also impact market sentiment, which is the overall attitude and confidence of traders and investors. A high unemployment rate can create uncertainty and negative sentiment in the market, leading to a decrease in demand for a country’s currency.
5. Political stability: Unemployment can also have a significant impact on a country’s political stability. High unemployment rates can lead to social and political unrest, which can create instability in the government and negatively affect a country’s currency value.
Overall, the unemployment rate can have a significant impact on the Forex market, as it is a key indicator of a country’s economic health. Traders and investors closely monitor unemployment rates to assess the potential impact on a country’s currency value.
Average hourly earnings
Average hourly earnings refer to the average amount of money that an individual earns per hour worked. This is a commonly used measure of wages and income for employees. It is calculated by dividing the total earnings of all employees by the total number of hours worked by those employees.
To calculate the average hourly earnings, follow these steps:
1. Gather the necessary data: To calculate the average hourly earnings, you will need to have the total earnings of all employees and the total number of hours worked by those employees.
2. Determine the time period: Decide on the time period for which you want to calculate the average hourly earnings. This could be a week, a month, a quarter, or a year.
3. Calculate the total earnings: Add up the total earnings of all employees for the chosen time period. This includes regular wages, overtime pay, bonuses, and any other income earned.
4. Calculate the total hours worked: Add up the total number of hours worked by all employees for the chosen time period. This includes regular working hours, overtime hours, and any other hours worked.
5. Divide the total earnings by the total hours worked: Divide the total earnings by the total hours worked to get the average hourly earnings. This will give you the average amount of money earned per hour worked by all employees.
For example, if the total earnings for all employees in a month is $50,000 and the total number of hours worked is 2,000, the average hourly earnings would be $25 ($50,000/2,000 = $25).
Average hourly earnings can be used to compare wages and income across different industries, companies, and time periods. It is also a useful measure for tracking changes in earnings over time and can provide valuable insights into the overall economic health of a country or region.
How Impactful is Average Hourly Earnings on the forex market
Average hourly earnings is also an important economic indicator that reflects the overall health of the labor market and can have an impact on various aspects of the forex market.
1. Impact on Currency Strength: Average hourly earnings can affect the strength of a currency in the forex market. A higher average hourly earnings figure indicates a strong labor market and can lead to an increase in the value of the currency. This is because higher earnings suggest a stronger economy and potential for higher interest rates, which can attract foreign investment and drive up the value of the currency.
2. Impact on Inflation: Inflation is a key factor in the forex market as it affects the purchasing power of a currency. Higher average hourly earnings can lead to increased consumer spending, which can drive up prices and contribute to inflation. This can have an impact on a country’s currency as it may be seen as less attractive to foreign investors if the inflation rate is higher than that of other countries.
3. Impact on Interest Rates: Average hourly earnings can also influence the decisions of central banks regarding interest rates. If there is a significant increase in average hourly earnings, it may signal a need for higher interest rates to control inflation. This can cause a currency to appreciate as higher interest rates can attract foreign investment.
4. Impact on Consumer Confidence: Consumer confidence is a key factor in the forex market as it reflects the overall sentiment of consumers towards the economy. Higher average hourly earnings can lead to increased consumer confidence, as people feel more financially secure and are more likely to spend money. This can have a positive impact on a country’s currency as it signals a strong economy and potential for growth.
5. Impact on Market Sentiment: Average hourly earnings can also impact market sentiment and can cause volatility in the forex market. If the figure is significantly different from market expectations, it can lead to a shift in market sentiment and cause fluctuations in currency values.
In conclusion, average hourly earnings can have a significant impact on the forex market. It is an important economic indicator that reflects the health of the labor market and can influence currency strength, inflation, interest rates, consumer confidence, and market sentiment. Traders and investors should pay close attention to this indicator as it can provide valuable insights into the direction of a currency.
Unemployment Rate vs NFP
Now you can see that we cannot focus on the NFP news alone as the main leader on the chart. Both the Unemployment Rate and the NFP are the biggest news that can impact your trading news direction.
The unemployment rate and the non-farm payroll (NFP) are two important economic indicators that measure the health of a country’s labor market. Both of these indicators are closely watched by economists, policymakers, and investors to get a better understanding of the overall economic conditions.
Unemployment rate, also known as the jobless rate, is the percentage of the total labor force that is currently unemployed and actively seeking employment. It is calculated by dividing the number of unemployed individuals by the total labor force. A higher unemployment rate indicates a weaker labor market and vice versa.
On the other hand, NFP is a measure of the total number of paid workers in the economy, excluding farm workers, government employees, and non-profit organization employees. It is released monthly by the Bureau of Labor Statistics and is considered a key indicator of the overall health of the labor market. A higher NFP number is usually seen as a positive sign for the economy, as it indicates job growth and a stronger labor market.
The relationship between the unemployment rate and NFP is often seen as inverse. This means that when the NFP increases, the unemployment rate decreases and vice versa. This is because as the number of jobs increases, more people are employed and the unemployment rate goes down. Similarly, when the NFP decreases, the unemployment rate increases as more people are out of work.
However, it is important to note that the unemployment rate and NFP do not always move in perfect sync. This is because the unemployment rate is a lagging indicator, meaning it reflects past economic conditions, while NFP is a leading indicator, providing insight into future economic conditions.
Moreover, the unemployment rate does not give a complete picture of the labor market. It does not take into account individuals who have given up on finding a job, known as discouraged workers, or those who are underemployed, meaning they are working part-time but would prefer full-time employment. NFP, on the other hand, provides a more comprehensive view of the job market as it includes all paid workers, regardless of their employment status.
In conclusion, while the unemployment rate and NFP are both important indicators of the labor market, they should be analyzed together to get a more accurate understanding of the state of the economy. A low unemployment rate coupled with a high NFP number is a positive sign for the economy, indicating a strong labor market and potential economic growth.
NFP vs Average Hourly Earnings
Now, we can see that NFP (Non-Farm Payrolls) and Average Hourly Earnings are both important economic indicators that are often used to measure the health of the economy. While both provide valuable information, they measure different aspects of the labor market.
NFP measures the total number of paid workers in the US, excluding farm workers, government employees, and non-profit organization employees. It is released monthly by the Bureau of Labor Statistics and is considered a key indicator of economic growth and the overall health of the labor market.
On the other hand, Average Hourly Earnings measures the average amount of money that workers earn per hour. It includes both full-time and part-time workers and is also released monthly by the Bureau of Labor Statistics. This indicator is important because it reflects the purchasing power of workers and their ability to contribute to economic growth through consumer spending.
One key difference between NFP and Average Hourly Earnings is the scope of their measurements. NFP looks at the total number of workers, while Average Hourly Earnings looks at the average earnings of those workers. This means that even if the NFP number is positive, indicating job growth, if the average hourly earnings are low, it could indicate a decrease in the standard of living for workers.
Another difference between the two indicators is their impact on the stock market. NFP has a more significant impact on the stock market as it reflects the overall health of the economy and can influence investor confidence. On the other hand, Average Hourly Earnings may have a smaller impact as it only reflects the earnings of workers and not the overall employment situation.
In terms of policy implications, NFP is often used by policymakers to make decisions about monetary policy and interest rates. If the NFP number is low, it could indicate a need for stimulus measures to boost the economy. On the other hand, if the NFP number is high, it could indicate a need for tightening monetary policy to prevent inflation.
Average Hourly Earnings, on the other hand, is used to monitor wage growth and could influence decisions on minimum wage policies and labor market regulations.
In summary, NFP and Average Hourly Earnings are both important indicators of the labor market and the economy. While NFP provides a broad overview of employment trends, Average Hourly Earnings measures the earnings of workers and their purchasing power. Both indicators should be considered together to get a complete picture of the health of the labor market.
NFP News Trading Mistakes And How To Trade In 2024
As I said earlier in this article, experience has taught things that no mentor can tell, no internet or maybe a book. Just because on the internet it is all about copy and past, and there is almost no originality. That’s the reason why fault forex teaching spreads.
You can now understand that every forex news event that is published has its own characteristic attached to it. The same applies for the NFP news release. This news is never published alone but followed by the Unemployment Rate and The Average Hourly Earnings,.
This is evident enough why sometimes you trade and experience candle chart instability. The candle on the chart may go up and down very fast and sometimes can stop in the center.
As a result, your account is blown. This is why most professional traders stay away from news trading. But, if you are like me, I like taking risks and getting money fast, therefore we are the ones who need to adapt to the market behaviour to always be profitable.
Even though all the news released on the NFP day will impact the chart, I recommend you focus on the NFP news release direction. So if you have predicted the NFP to be bullish, also on the chart this will be the final destination.
But, in order to avoid all the mistakes that will make your trade being ejected before the end of the news follow these:
Mistakes to avoid while tradingNFP news events
Lot Size
It’s crucial you understand that lot size is the number one reason why you get ejected while trading the NFP news or any impactful news event. Lot size refers to the total area of a piece of land, typically measured in square feet or acres. It is used to determine the amount of space available for building or development purposes.
Lot size can also refer to the number of units or properties within a particular land area. In real estate, the lot size is an important factor in determining the value and potential use of a property.
It is often listed in property listings and is a key consideration for buyers when making purchasing decisions. Lot size can vary greatly depending on location, zoning regulations, and type of property.
How to set lot size for events? Your broker has something called margin call limit notification, this an automated protection for your account to not blow. But at the same time, this automated system can be the enemy to your progress.
So, to calculate what lot size will help you not be ejected while trading, take 1% percent of your total account balance and divide it by two.
For example, you have a $100 balance on your trading account, your 1% lot size is 1. But don’t trade with lot size 1 but 0.50.
Another solution I have for you as a bonus for reading this article, always split your trading in multiple trades with little lot size at a time. Let’s say, 0.10 lot size times as many trades your balance will allow. This can save you a lot of time.
When the news plays up and down, instead of being ejected from your trade, some trades will close automatically and you will stay in the game and finally make the money.
To read part two of this article subscribe below so you will be the first to receive it directly in your email address. Have a question? Leave in the comment section below… Cheers
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Zama Zama FxAlso Known as Forex Digger Trader is an African Forex Trader. He has spent long years understanding the forex market and trying to be among the 5% of winners in the industry. After too many failures and trials, Zama Zama Fx has discovered the simple ways to trade forex and to be profitable forever. In all his books, he is sharing crucial information to African traders especially on how to stay on the winning side of forex trading without any regret.
Risks Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
How Many Pips NFP News Release Produce on the Chart. The Non-Farm Payroll (NFP) news release is one of the most highly anticipated economic events in the financial market.
It is a monthly report released by the US Bureau of Labor Statistics which provides data on the number of jobs added or lost in the previous month, as well as the unemployment rate. T
his report has a significant impact on the forex market, as it is seen as a key indicator of the overall health of the US economy. As such, traders closely monitor the release of this report and the subsequent reaction of the market.
One of the main metrics that traders look at during the NFP news release is the number of pips produced on the chart.
What is a pip?
A pip, which stands for ‘percentage in point’, is a unit of measurement used in forex trading to indicate the smallest change in the value of a currency pair. The number of pips produced on the chart during the NFP news release can vary greatly, depending on a number of factors.
One of the main factors that can affect the number of pips produced on the chart is the actual data released in the NFP report.
If the number of jobs added is higher than expected, it can lead to a strengthening of the US dollar and a decrease in the value of other currencies, resulting in a significant increase in the number of pips produced on the chart.
On the other hand, if the data is lower than expected, it can lead to a decline in the US dollar and an increase in the value of other currencies, resulting in a smaller number of pips on the chart.
Another factor that can impact the number of pips produced on the chart is market sentiment. If traders have a positive outlook on the US economy and the data in the NFP report confirms their expectations, it can lead to a surge in buying activity, resulting in a higher number of pips on the chart.
However, if the market sentiment is negative and the data in the report is worse than expected, it can lead to a sell-off and a decrease in the number of pips produced on the chart.
Additionally, the time frame in which the NFP news release occurs can also play a role in the number of pips on the chart. The release usually takes place on the first Friday of every month at 8:30 am EST, which is also the time when the forex market is most active.
During this time, there is typically higher volatility and trading volume, which can lead to larger movements in the currency pairs and a higher number of pips produced on the chart.
How Many Pips NFP News Release Produce on the Chart
In conclusion, the number of pips produced on the chart during the NFP news release is dependent on various factors such as the actual data released, market sentiment, and the time of day.
Traders should carefully analyze these factors and their potential impact on the market to make informed trading decisions during this highly volatile and influential event.
