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    N4G   DE000A161NR7

THE NAGA GROUP AG

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NAGA : Markets react to the 3 December NFP release

12/03/2021 | 09:02am EST

In November, Nonfarm Payrolls (NFP) in the US

How did markets react?

The U.S. dollar is declining across the board. As a result, GBP/USD, EUR/USD, and XAU/USDare rising right after the release, as of writing. The markets may stay volatile for the whole trading session, especially when the U.S. markets open. Watch out also for SPX500 and other major U.S. ETFs!

Why does NFP affect the markets?

NFP tracks the total number of jobs that were added in the USA by many entities across different private and government entities, excluding some types of workers. As might be apparent from its name, NFP excludes farmworkers in the agricultural industry mainly due to the seasonal nature of these jobs. The goal of the NFP is to provide an insight into the employment situation, which is better gauged by only including permanent job hires.

Unlike the unemployment rate, a higher NFP reading is better. For example, if the NFP reading is 100,000 - this means that 100,000 jobs were added to the US economy. Of course, investors shouldn't just look at the nominal figure of NFP, but rather how it compares to analyst forecasts.

In short:

  • A better than expected NFP → stronger economy → stronger dollar
  • A worse NFP than expected → weaker economy → weaker dollar

So, usually, assets like Gold and Euro that trade inversely to the U.S. dollar, tend to decline if NFP is better than expected, and vice versa.

Stay tuned for December's NFP release!

IMPORTANT NOTICE: Any news, opinions, research, analyses, prices or other information contained on this feed are provided as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and therefore, it is not subject to any prohibition on dealing ahead of dissemination. We do not make any warranties about the completeness, reliability and accuracy of this market commentary. Past performance is not an indication of possible future performance. Any action you take upon the information on this feed is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of this feed.

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Disclaimer

NAGA Group AG published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 14:01:02 UTC.


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