Is there any effect of non agriculture on crude oil?
Take the payrolls data this month to explain it, when the data released before the market began its expected to start warming up, and when the data is released, the actual data is far greater than the predicted value, crude oil prices began to accelerate down. But after that, it began to return to normal.To know the economic data of crude oil, especially before the impact of the trend of CNOOC also has a certain limit. So investors should be prepared before their data, so as to make a profit.
U.S. non farm payrolls data is released along with its unemployment data, the two data add radiance to each other, tend to achieve a multiplier effect. The above three aspects show that there is a close relationship between the non farm payrolls data and the consumer market and the degree of economic development. Therefore, the increase in the value of non farm data, it shows that the U.S. economy to go well, positive U.S. dollars, while bad crude oil. On the other hand, if the value is reduced, it indicates that the U.S. economy into a low, naturally bad U.S. dollar, bullish crude oil.However, we can often see the value of non farm data before, the predicted value and the actual value of the three published values, the former value is the actual value of the last month we have published, which is a basis for the data.The predictive value is the market on this basis, to predict its economic development according to the economic data in the United States since a month is to predict a value on the payrolls data after the arrival of the predictive values represent the market expectations.
Since the outbreak of the U.S. subprime mortgage crisis in 2008, the U.S. Federal Reserve on the U.S. labor market data as an important reference for the Fed's monetary policy formulation. Especially in the process of the introduction of a series of quantitative easing measures, the employment data represented by non farm employment affects the eyes of investors all over the world. After each data release, can cause sharp fluctuations in the market.As a non agricultural employment population, including non-agricultural outside of manufacturing and service employment, but also reflects the development level of the country's current economic side, because the manufacturing industry and service industry as the second and the third industry, the employment population directly reflects the country's consumption level.
The effect of non agriculture on crude oilWhat about the impact of non farm oil? Did the crude oil market know that for non-agricultural crude oil, especially before the influence of CNOOC price trend is huge, the data released before the price often fluctuates drastically. In order to allow investors to better profit in non-agricultural, we will further analyze the impact of non farm data on oil prices.
