Non-agricultural data definition:
Definition: As the name implies, non-agricultural data usually refers to the non-agricultural employment rate in the United States, and the number of non-agricultural employees is released together with the unemployment rate. The release time is usually 20:30 Beijing time on the first Friday of each month, which can reflect the development and growth of manufacturing and service industries.
With the rapid development of social economy, consumption will naturally increase, and jobs in the consumer and service industries will also increase. When the number of non-agricultural employees increases significantly, it shows that the economic situation is healthy, which should be beneficial to the exchange rate in theory and may indicate higher interest rates, and the potential high interest rates will prompt the foreign exchange market to promote the value of the country's currency more, and vice versa. Therefore, this data is an important indicator to observe the degree and situation of socio-economic and financial development. The number of non-agricultural employees is one of the employment reports, which mainly counts job changes outside agricultural production.
American non-farm employment data is one of the most important economic data in the foreign exchange market every month. The publication of this data may become a turning point in determining the direction of the foreign exchange market, or it may bring about violent fluctuations in the foreign exchange market, leading to the market's ambiguity about the direction of foreign exchange.
The high non-agricultural employment data proves the healthy development of the US job market, and the rising employment rate indicates the prosperity of the US economy, so this will lead to the rise of the US dollar, and gold and silver are inversely proportional to the US dollar. On the contrary, the US recession will depress the dollar. Therefore, according to the non-agricultural data and the expected and previous values, it is judged whether the data is negative or positive for precious metals, so that a price trend of gold and silver can be determined.