Nonfarm Payrolls (NFP) is among the biggest market movers in the Forex markets. It takes place every first Friday of every month.
The Non-farm payrolls report is one of the most-anticipated economic news reports in the forex market. It is published the first Friday of the month at 8:30 AM Eastern time by the U.S. Bureau of Labor Statistics. The data release actually includes a number of statistics, and not just the NFP (which is the change in the number employees in the country, not including farm, government, private and non-profit employees). Another metric included in the data release is the
As one of the most-anticipated economic news events of the month, currency pairs (especially those involving the US dollar) typically see big price movements in the minutes and hours after the data is released. This makes it a great opportunity for day traders with a sound strategy to take advantage of the volatility
The NFP provides information about the US labor market, how well the economy is doing and what the future holds: if the economy is not doing so well, companies don’t hire as many new people and might even fire some of their employees. Subsequently, those people lose income and can’t spend their money on things which reduces the overall revenue and general consumer spending and slows down the economy further.
On the other hand, when the economy is doing well, companies hire new employees who now have more money available and can use their additional income to buy ‘things’ and boost the economy, further increasing the need for companies to hire more people to meet the demand.
We at Fort-Trades anticipates a good nfp every month with 65-75% Profit
The minimum investment for Non-Farm Payroll is $5,000
Interested Client Should contact the Fort-Trades helpdesk for registration