Non-agricultural refers to the non-agricultural population. Non-agricultural data is the data reflecting the employment situation of non-agricultural population in the United States, which is released by the US Department of Labor on the first Friday of each month. Daylight saving time is 20: 30 Beijing time and winter time is 2 1: 30. Because the employment situation determines the purchasing power of goods and also reflects the trend of the American economy. The data shows that the employment situation is good, the people's income is stable, and the purchasing power of commodities is strong, so the economy will improve. The poor data shows that the employment situation is not good, the people's income is declining, the purchasing power of commodities is weak, and the economy is deteriorating. Non-agricultural data will also affect the Fed's monetary policy towards the US dollar. If the economy is not good, the Fed will tend to cut interest rates, the dollar will depreciate and crude oil will be favored. When the economy is good, the Fed will tend to raise interest rates and the dollar will appreciate, which is bad for crude oil.
Non-agricultural employment is official data, and ADP employment is unofficial survey data, but ADP is also a huge institution with investigators in every city in the world.
ADP employment data and factory order data in the United States, if ADP employment data is better than expected, investors' optimistic expectations for non-agricultural data on Friday will suppress the dollar, and crude oil prices may be supported.
The published value of ADP employment data in the United States is greater than expected, which is good for the US dollar and bad for crude oil.
The ADP employment data released in the United States is less than expected, bearish on the dollar and bullish on crude oil.