NFP Report Tomorrow + Trading Levels for 11.04.2022
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
The next big scheduled event: this Friday’s monthly Non-farm payrolls report from the U.S. Labor Department.
If you’re a futures trader and your markets of choice to trade include stock indexes (S&P 500, Nasdaq, Dow Jones, Russell 2000, etc.), or treasuries (30-yr. T-bonds, 2-, 5-, 10-yr. T-notes), currencies, even metals and energies, you know the importance this report. It’s widely considered one of the most important and influential measures of the U.S. economy.
To convey its findings, the Labor Dept.’s Bureau of Labor Statistics surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites (the report excludes farm workers, private and domestic household employees and non-profit organization employees). The report also includes other detailed employment data including the overall unemployment rate – as a percentage of the total labor force that is unemployed but actively seeking work – wages, wage growth and average workday hours. The report is released at 7:30 A.M., Central Time.
Please BE AWARE on how this report affects liquidity, stops, volatility and more.
Please review the information HERE.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
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