$RPL $BNB $SOL Trading Tips: What is non-agricultural data and what impact does it have on the cryptocurrency market? [Oh my God]
What is non-agricultural data and when is it released?
Non-agricultural data refers to non-agricultural population employment data.
Non-agricultural data is an important basis for the Federal Reserve to measure the national economy and adjust monetary policy. It is published by the Bureau of Labor Statistics of the U.S. Department of Labor and is generally released on the first Friday of each month. It is released at 20:30 Beijing time (April-October) and 21:30 (November-March).
What impact does non-agricultural data have on the cryptocurrency market?
A decrease in non-agricultural figures means that companies have reduced production and the economy has entered a recession. The Federal Reserve may cut interest rates in advance, increase capital flow, and inject new funds into the cryptocurrency market, which is good for the cryptocurrency market.
On the contrary, when the number of non-agricultural employment increases significantly, it indicates that the employment situation is very good. The Federal Reserve will not cut interest rates in advance, and may even raise interest rates, which will lead to capital collection and bad news for the cryptocurrency market.
For example, the last time the non-farm data was released (June 7)
The non-farm data was expected to be 185,000, and the released data was: 27.2, the final result: negative (higher than expected negative, otherwise positive)
