What is a small non farm, the impact of spot crude oil
What is a small non farm non farm, referred to as ADP, is the United States automatic Data Processing Inc, the number of jobs released more authoritative. ADP national employment report sponsored by ADP, the survey data from 500 thousand private units, so the data is accurate, can be predicted at the beginning of each month, payrolls data.
Non farm data and crude oil has a close relationship, the release of non farm data will be a decisive impact on the formation of crude oil prices. Non farm employment data is high, the United States to prove the healthy development of the employment market, employment rates to enhance the economic prosperity of the United States, then this will lead to the rise in the dollar, crude oil is inversely proportional to the dollar. On the contrary, the U.S. economic recession, will suppress the dollar. Thus we are based on non farm payrolls data and the expected value of the former and the judgment of crude oil is bad, so we can conclude that the price of crude oil
Announced two, non farm small time: non agricultural published monthly, generally two days before the payrolls data (i.e. Wednesday) announced, in particular, daylight saving time, usually in the first Wednesday of every month at 20:15 (winter 21:15) announced a proper role for the payrolls data, the so-called "small non farm".Three, what is the impact on the agricultural non oil price? Simply, when a small non farm data indicates a good, healthy development of the economy of the United States dollars of crude oil of good, bad, or on the contrary.If the small number of non farm payrolls, indicating that the economic development is good, then the positive U.S. dollar index, bad silver, on the contrary, the bad dollar, positive silver. However, there is no special connection between the two short-term, because the number of employment is not only related to the macroeconomic situation. Other areas, such as the rapid development of high-tech industries, may reduce the demand for labor, but it can greatly stimulate economic growth.
