What is NFP Data and How is it Traded in Forex?

What is NFP Data?

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, in government, in private households, and at charitable organizations.

NFP data

In the FX market, NFP announcements often result in significant changes. The NFP data is typically made 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.

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