Non-Farm Payrolls

 

Trade the non-farm payroll report (NFP) to capitalize on one of the biggest forex market moving events of the month. Here are a number of ways to trade it. On the first Friday of each month (sometimes the second), at AM EST, the non-farm payroll (NFP) data is .

Basically, we are waiting for a strong move in the trending direction that indicates the pullback is over and the price is likely to start moving in the same direction as the initial move. Any release above—let's say ,—will help to fuel U. This usually works out to about the same price target.

EXPERIENCE LEVEL

In the U.S., nonfarm payroll data is released every month on the first Friday. It is the most anticipated economic data releases as far as forex traders are concerned. The report causes extreme.

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