How Do Gold Investors Grasp the Profitability of NFP?

2021-11-01 17:59:27

The NFP market generally refers to the market situation before and after the release of the US NFP data. Since NFP data affects the exchange rate of the US dollar, international gold is priced in US dollars, so the NFP market is closely related to the gold market. So, how can gold investors grasp the NFP market and make a profit?

What is NFP data

The NFP data includes the three values of NFP employment, employment rate and unemployment rate. That is, the US NFP employment data released by the U.S. Department of Labor at the beginning of each month, showing the employment rate and unemployment rate in the United States and future prospects, directly related to the U.S. economy Linkages are generally regarded as the "barometer" of the US economy.

NFP data release time

Under normal circumstances, US NFP data will be released on the Friday evening of the first week of each month. Of course, in special circumstances, the time of NFP data release may also be adjusted, and the specific time is subject to the official announcement.

Impact on the price of gold

NFP data can greatly affect the dollar value of the currency market, thereby affecting the trend of gold prices. Investors wanting to profit in the gold market must be aware of the impact of NFP data on the price of gold. In most cases, an increase in the value of NFP data indicates that the U.S. economy is doing well, which is good for the dollar, and it is negative for gold and silver. On the contrary, if the value of NFP data decreases, it indicates that the U.S. economy is in a downturn, which is naturally negative for the dollar and bullish for gold and silver.

The NFP data that the market and investors can see include three values: the previous value, the predicted value and the actual published value. The previous value is the known actual value released last month, and the predicted value is the predicted value made by the market on this basis. , The published value is the actual published value that night. In general, if the actual published value is greater than the predicted value, it is bad for gold and silver; when the actual published value is less than the predicted value, it is bullish for gold and silver.

In the gold investment market, investors generally jokingly refer to the NFP market as the "money-sending market" because the market fluctuates greatly, the operation is simpler, and there is a lot of room for profit. But for many investors, the NFP market is not easy to grasp, so you can learn more NFP market ordering skills through JRFX's NFP topic.

The above is the relevant answers to how gold investors grasp the profitability of NFP market. For more gold investment knowledge and NFP knowledge, you can learn about it in JRFX.

Risk Warning: The above content is for reference only, and does not represent JRFX’s position. JRFX does not assume any form of loss caused by any trading carried out in accordance with this article. Please consult your financial planner for your investment portfolios and manage your own risk.

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