Source Bureau of Labor Statistics (latest release) Measures Change in the number of employed people during the previous month, excluding the farming industry; Usual Effect Actual > Forecast = Good for currency (In current scenario Actual>Forecast=Bad for currency – as data are in negative); Frequency Released monthly, usually on the first Friday after the month ends; Next Release Apr 2, 2010 FF Notes This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts; Why Traders
Care Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; Also Called Non-Farm Payrolls, NFP, Employment Change;
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Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell call, pl use own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.
NEW INVESTORS SHOULD BE VERY CAREFUL.
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