Trade the News – Nonfarm Payrolls (NFP)

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Trade the News – Nonfarm Payrolls (NFP)

Trade the News – Nonfarm Payrolls (NFP)

The nonfarm payrolls released by the US Bureau of Labor Statistics presents the number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. Generally speaking, a high reading is usually seen as positive (or bullish) for the USD, while a low reading is usually seen as negative (or bearish). Today we will be using the live example of this data for the US and we will be applying some relevant setups/strategies for USD crosses, riding the trend this data creates.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.

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