What Is The NFP And How Can I Trade It In Forex?

 

One of the most important economic indicators for the US economy is the non-farm payroll (NFP) data. It shows the amount of new employment created, excluding those at farms, government, private households, and charitable organizations.
In the Forex market, NFP announcements often result in significant changes. The NFP data is public at 8:30 AM ET on the first Friday of every month. This article will discuss the significance of NFPs in economics and how to use NFP release information into a forex trading plan.
HOW IS THE NFP IMPACTED ON FOREX?

NFP data is significant since it is issued each month and serves as a pretty accurate gauge of the status of the economy at the time. The Bureau of Labor Statistics is the source of the statistics, and an economic calendar lists the date of its upcoming publication.

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