What is the impact of non-agricultural data on gold?
Impact of non-agricultural data on gold 1: Non-agricultural employment
A decrease in non-farm payrolls indicates that the economy is entering a recession. Businesses reduce production. Bad dollar, good gold price. An increase in non-farm payrolls indicates a healthy economy. It is good for raising interest rates, good for the dollar, and bad for gold prices.
Impact of Non-agricultural Data on Gold2: Consumer Price Index
If the index rises too much and there is inflationary pressure, the bank will raise interest rates, which is good for the dollar and bad for gold. If the index rises too much and inflation is already present, the bank will tighten the currency, which is bad for the dollar and good for the price of gold.
Impact of Non-agricultural Data on Gold3: Unemployment Rate
A drop in the unemployment rate represents the healthy development of the overall economy, which is good for the dollar and bad for gold. A rising unemployment rate represents a slowdown in economic development and recession, which is bad for the dollar and good for gold.
Impact of non-agricultural data on gold 4: New home sales
The number of new home sales increased or was lower than expected, which is good for the dollar and bad for gold. A decline in sales numbers or lower than expected is bad for the dollar and good for gold.
Impact of non-agricultural data on gold 5: Trade deficit is also called "trade deficit", which corresponds to "trade surplus"
If the U.S. trade deficit expands and imports exceed exports, it will be bad for the dollar and good for gold. If the U.S. trade surplus expands and imports are smaller than exports, it will be bad for gold and good for the dollar.
The impact of non-agricultural data on gold 6: Durable goods orders
If the data increases, it means that the manufacturing situation has improved, which is good for the dollar and bad for gold. On the contrary, if it falls, it means that the manufacturing industry has shrunk and retreated, which is bad for the dollar and good for gold.
Impact of non-agricultural data on gold 7: Michigan Consumer Confidence Index
With rising consumer confidence and expected consumption growth, the Fed will raise interest rates, which will be good for the dollar and bearish for gold. Consumer confidence is declining, and consumption is expected to decrease. The Fed will cut interest rates, which is bad for the dollar and good for gold.
The impact of non-agricultural data on gold 8: trade current account If the current account deficit in the United States expands, the country's currency will depreciate, which will be bad for the dollar and good for gold. If the U.S. current account surplus expands, the country’s currency will appreciate, which is good for the dollar and bad for gold.
But what I need to remind everyone is that although the data will be released normally tomorrow, the market is closed. In order to avoid risks, opportunities are also risks. Friends who do not have certain analysis and judgment skills should not gamble with heavy positions at will, and transactions must be done step by step.
If you have a relatively large amount of funds, you can lighten up your position as appropriate according to your own situation. Regarding the trend of gold and technical analysis, I will share it in the post later. Although I just came here, there are also many fans in other places, and I hope to do what I have learned to really help everyone and make different friends.
A decrease in non-farm payrolls indicates that the economy is entering a recession. Businesses reduce production. Bad dollar, good gold price. An increase in non-farm payrolls indicates a healthy economy. It is good for raising interest rates, good for the dollar, and bad for gold prices.
Impact of Non-agricultural Data on Gold2: Consumer Price Index
If the index rises too much and there is inflationary pressure, the bank will raise interest rates, which is good for the dollar and bad for gold. If the index rises too much and inflation is already present, the bank will tighten the currency, which is bad for the dollar and good for the price of gold.
Impact of Non-agricultural Data on Gold3: Unemployment Rate
A drop in the unemployment rate represents the healthy development of the overall economy, which is good for the dollar and bad for gold. A rising unemployment rate represents a slowdown in economic development and recession, which is bad for the dollar and good for gold.
Impact of non-agricultural data on gold 4: New home sales
The number of new home sales increased or was lower than expected, which is good for the dollar and bad for gold. A decline in sales numbers or lower than expected is bad for the dollar and good for gold.
Impact of non-agricultural data on gold 5: Trade deficit is also called "trade deficit", which corresponds to "trade surplus"
If the U.S. trade deficit expands and imports exceed exports, it will be bad for the dollar and good for gold. If the U.S. trade surplus expands and imports are smaller than exports, it will be bad for gold and good for the dollar.
The impact of non-agricultural data on gold 6: Durable goods orders
If the data increases, it means that the manufacturing situation has improved, which is good for the dollar and bad for gold. On the contrary, if it falls, it means that the manufacturing industry has shrunk and retreated, which is bad for the dollar and good for gold.
Impact of non-agricultural data on gold 7: Michigan Consumer Confidence Index
With rising consumer confidence and expected consumption growth, the Fed will raise interest rates, which will be good for the dollar and bearish for gold. Consumer confidence is declining, and consumption is expected to decrease. The Fed will cut interest rates, which is bad for the dollar and good for gold.
The impact of non-agricultural data on gold 8: trade current account If the current account deficit in the United States expands, the country's currency will depreciate, which will be bad for the dollar and good for gold. If the U.S. current account surplus expands, the country’s currency will appreciate, which is good for the dollar and bad for gold.
But what I need to remind everyone is that although the data will be released normally tomorrow, the market is closed. In order to avoid risks, opportunities are also risks. Friends who do not have certain analysis and judgment skills should not gamble with heavy positions at will, and transactions must be done step by step.
If you have a relatively large amount of funds, you can lighten up your position as appropriate according to your own situation. Regarding the trend of gold and technical analysis, I will share it in the post later. Although I just came here, there are also many fans in other places, and I hope to do what I have learned to really help everyone and make different friends.
