Non farm data on crude oil price fluctuations?
Here is a detailed talk about the relationship between non farm data and crude oil:If the value of the U.S. non farm payrolls data to be greater than the expected value, but less than the previous value, then there will be a trend of crude oil fell after the first rise.(two) if the value of the non farm data is greater than the previous value and the expected value, then the dollar will rise, the crude oil will fall.(three) if the value of non farm payrolls data is less than expected, but greater than the previous value, then the crude oil will rise or fall.(four) if the value of non farm data is less than the previous value and the expected value, then the dollar will fall, crude oil will naturally rise.
Crude oil is inversely proportional to the dollar. If the contrary, the U.S. economy is not good, it will make the dollar down. So we can judge whether the crude oil is good or bad according to the non farm data.
Non farm employment data is good, it shows that the United States in the development of the job market is good, the employment data is good on the U.S. economy will certainly be good, so it will certainly lead to the rise of the dollar.
