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Get ahead of the market with our monthly NFP live stream. Join our expert analysts as they explain what NFP trading is and how you can find trading opportunities before, during, and after the NFP news announcement.

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Explore the world of Non-Farm Payroll and understand its impact on the job market. Learn why it is important and how it affects the US and global economy.

What is Non-Farm Payroll (NFP)?

The NFP report, also known as the Non-Farm Payroll report, is released by the US Department of Labor every first Friday of the month and is a key economic indicator that holds a significant place in the Forex world each month as it offers a crucial glimpse into the health of the US economy.

The report captures the net employment change in the non-farming, non-government, and non-profit sectors, providing a comprehensive view of the current unemployment situation and the total labor force participation rate in the US. The release of the non-farm payrolls report often triggers significant market fluctuations, impacting not just currencies but also equities, bonds, interest rates, and commodities, making it a highly anticipated event in the financial sphere.

Why is NFP important for traders?

The NFP report, or the Non-Farm Payroll report, holds immense significance as it provides a pulse check of the economic well-being of the United States. Given the complexity of the NFP data, the report is often subject to large revisions of the previous month's results. This figure also has a significant impact on financial markets as it provides an indication of job growth in the US. The report delves into the employment situation, presenting an overview of the core conditions that drive the economy, including the number of new jobs created, average hourly earnings, and the current unemployment rate. Jobs are considered the backbone of any economy, and its economic growth directly impacts workers' confidence and spending power, further fueling the broader economy.

Given the US's status as a major player in the global economy, the NFP report also has far-reaching implications for markets around the world. With many economies relying on American consumers for business and profits, the report generates significant interest among forex traders worldwide, leading to speculation and anticipation in the run-up to its release. In short, the NFP report is a crucial barometer of not just the US economy but also the global financial landscape.

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Check our economic calendar to follow more economic events in real-time and get all the details you need to see what is happening in the forex market.

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Stop Being Confused By Financial News

Join our experts live every month and bust the jargon you hear on the news. Discover exactly what you should be doing at each NFP event.

  • Real-time monitoring of trade opportunities
  • Interactive forex trading discussions with fellow traders through our 24/7 live chat
  • Opportunity to deepen your understanding of market fundamentals and develop NFP trading strategies
  • Access to our expert market analysts, who will answer your every question
  • Chance to win big with exclusive prize giveaways
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Don't miss out on your chance to win exclusive cash prizes and giveaways!

Simply join our Trading Room, follow the instructions, and watch our NFP live streams for your chance to win. Best of luck!

Nick Quinn - Trading Coach

Nick Quinn - Trading Coach

I've traded most asset classes - equities, fixed income and commodities. However, my preference has always been spot market foreign exchange.

14+ years of experience

Equities, fixed income, commodities, spot market forex, CFD's, currency futures contracts

Shain Vernier - Trading Coach

Shain Vernier - Trading Coach

Shain is based in the USA and has over 10 years of experience in the markets. He started his career in baseball and now smashes out successful trades!

10+ years of experience

CME WTI crude oil futures, CME gold futures, US equities indices and FX majors.

Connor Woods - Trading Coach

Connor Woods - Trading Coach

Smart Money. This is Connor’s bread and butter when it comes to trading. He has developed a way of trading that combines fundamental knowledge from his studies, with smart money price action.

5+ years of experience

Forex, Equity, Commodities

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Get a comprehensive understanding of NFP by downloading our free PDF guide. This resource explains what the nonfarm payroll report is, its significance in the economy, and how it is calculated. You will have a better understanding of NFP and its impact on the job market, inflation, and monetary policy. Download now to enhance your knowledge of NFP and stay informed on economic developments.

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Frequently Asked Questions (FAQs)

Take a look at frequently asked questions below.

If your question isn't answered here you can read all of our FAQs. If you still need help, contact us through our 24/7 live chat support.

Why is NFP such a key economic indicator?

NFP provides insight into the current employment situation and is considered the most important economic indicator of the health of the US economy and the labor market activity in the United States. It also impacts global markets and generates significant speculation among traders and central banks.

When is the NFP released?

The NFP report is released on the first Friday of each month by the Bureau of Labor Statistics.

What does the NFP measure?

The NFP is an employment situation report that measures the number of jobs created in the previous month and the current unemployment rate.

How does NFP impact markets?

The release of NFP can cause large movements in the Forex market, as well as equities, bonds, commodities, and interest rates. A better-than-expected NFP number can boost investor confidence and lead to a stronger currency, while a weaker number can have the opposite effect.

Who is affected by NFP?

NFP affects not just the US economy but also economies worldwide that do business with the US. It also impacts traders, investors, and businesses that are affected by changes in the employment and economic outlook.

How should I Trade the NFP release event?

Generally, there’s no one trading strategy to utilize when the NFP data is released. Different traders take different approaches and trading strategies to trade this key event. Having said that, there are crucial factors that you must consider before trading the NFP data. First, you must know the economic condition of the US and global economy prior to the NFP report. That could be a major factor in how the markets will respond following the release. Secondly, and most importantly, you must know how to analyze the data, meaning what are the expectations, what happened in the previous month, and what is considered a good result so the markets will respond in one way or another. Lastly, to develop your own NFP trading strategy, you must also know how every instrument reacts to different NFP figures, hence, the stock markets, US dollar, major and minor currency pairs, bonds, and commodities.

How can I enter the NFP giveaway?

Simply join our Trading Academy, follow the instructions, and watch our NFP live streams for your chance to win.

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