Liu Xiyang: Comment On Quotations After Non Farm

The US 5 non farm employment data did not reach 217 thousand, which was basically the same as expected 218 thousand, and the unemployment rate dropped to 6.3%. The number of non-agricultural employment remained above 200 thousand, and the US employment market remained strong. Because of the ECB interest rate resolution on Thursday, the market volatility is too large, resulting in Friday's market is not large, gold and silver remained basically a state of shock.

In May, non-agricultural market did not bring any surprises to the market. The market did not get out of the hot market. Nonagricultural became a "dumb bomb". Gold and silver did not shake off the pattern of turbulence, the unemployment rate dropped to 6.3%, and the overall performance was good. However, the US dollar index declined, and the data went well. On the other hand, the positive data of non-agricultural data also laid the groundwork for the continued reduction of quantitative easing at the 17-18 Federal Reserve monetary policy conference in June.

　　 Euro The non-agricultural and unemployment rate is coming out, and the euro has also dropped sharply. data The impact of the reaction is not big, the US dollar index has slipped, obviously the US data is good, the market is short of the dollar, and the euro has been rebounded. On Thursday, the European Central Bank's Conference on interest rates also pushed the euro to rebound sharply, and for two consecutive times, the euro gradually recovered its lost territory and stepped back to the 55 day moving average in the daily chart, and the short-term target tested the 1.3700 pass.

　　 Pound The impact of non-agricultural data, the dollar index downward, the pound also rebounded slightly, but the increase is limited compared to the euro, sterling daily chart faces the suppression of the 55 EMA, curbing the rebound trend, but from the UK itself, the economic situation is relatively good, the pound is also a support, the trend is also maintained at a high level of turbulence, the technical daily chart has a 28 day moving average and 100 day moving average support, the overall idea of maintaining more.

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Following the unexpectedly strong growth of non farm employment data in April, 288 thousand, and the biggest increase in more than two years, the market was not too optimistic about the non farm sector in May. According to the results of non-agricultural forecasting conducted by economists, the non-agricultural expectation is increased by 210 thousand in May, and the unemployment rate will be 6.4%. The Wall Street journal tells investors what areas to pay attention to before they start farming. Let's take a detailed look at the articles on Wall Street.

The data of the Labor Department of the United States is unpredictable. I further explain that my level is also very limited. I hate to make some predictions about some data and quotes, and the data itself is hard to predict. I just express my own views.

The base of prediction is the mean value of the first 3 months (222 thousand in February, 203 thousand in March, 288 thousand in April), and then superimposition of the leading indicators. The first positive indicators in the picture are mostly good, and the overall maintenance is good. Plus a series of mathematical studies of the mean base, I may get out this month, which is expected to be around 245 thousand, which is better than the expected 210 thousand of the market.

Overall, as I expected, the overall recovery of the US employment market is very strong, and the number of initial jobless claims in the past month has been at its lowest level in nearly 7 years, indicating that the labor force in the United States has continued its strong recovery. Data released by the US Department of labor (DOL) on Thursday (June 5th) showed that the average weekly unemployment rate for the United States in May 31st after the week was 310 thousand and 250, the lowest since June 2007, with a value of 312 thousand.