EURUSD Intra-Day Fundamentals - Non-Farm Employment Change and 161 pips price movement

EURUSD Intra-Day Fundamentals - Non-Farm Employment Change and 161 pips price movement

2 October 2015, 15:13
Sergey Golubev
3
2 433
2015-10-02 13:30 GMT | [USD - Non-Farm Employment Change]
  • past data is 173K
  • forecast data is 201K
  • actual data is 142K according to the latest press release
if actual > forecast (or previous data) = good for currency (for USD in our case)

[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

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  • "Total nonfarm payroll employment increased by 142,000 in September, and the unemployment rate was unchanged at 5.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and information, while mining employment fell."
  • "In September, the unemployment rate held at 5.1 percent, and the number of unemployed persons (7.9 million) changed little. Over the year, the unemployment rate and the number of unemployed persons were down by 0.8 percentage point and 1.3 million, respectively."

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EURUSD M5: 161 pips price movement by USD - Non-Farm Employment Change news event:

Price broke 100 SMA and 200 SMA from below to above on open H4 bar and came to the bullish area of the chart. So, this is bullish reversal in intra-day basis:


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