Non-farm Payrolls (NFP)

What are Non-Farm Payrolls?

Tomorrow’s Non-farm Payrolls (NFP) report is one of the most important catalysts for futures traders, as it can quickly reset expectations for economic growth, interest rates, and Federal Reserve policy.

What drives NFP?

Strong or weak employment data often drives sharp, fast moves in equity index futures, Treasury futures, currencies, and even metals, especially in the minutes immediately following the release.

How can traders use NFP?

For traders, the focus should be less on predicting the number and more on how price reacts—watching volatility, liquidity, and key technical levels to determine whether the market is confirming or fading the initial move. With NFP, disciplined risk management is essential, as expanded ranges and sudden reversals are common once the market digests the data.

June Live Cattle

June Live Cattle satisfied the second upside PriceCount objective and corrected. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a potential move to the $284.16 area.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

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