NFP

NON FARM PAYROLL Package

NON FARM PAYROLL PACKAGE

Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD

The Non-farm payrolls report is one of the most anticipated economic news reports in the forex markets. It is published the first Friday of the month at 8:30AM Eastern time by the U.S. Bureau of labor statistics. The data release actually includes a number of statistics, and not just the NFP(which is the change in the number of employees in the country, not including farm, government, private and non- profit employees.). Another metric included in the data release is the unemployment rate.

HERE IS OUR STRATEGIC APPROACH IN TRADING NFP REPORT

Most times , we trade the EUR/USD afterthought NFP report. The EUR/USD is the most heavily traded currency pairs in the world. And therefore, it typically provides the smallest spread and ample price movement for making trades. There is little reason, to day trade another pair during the NFP report.

We close all prior day trading positions at least ten minutes,prior to 8:30AM ET when the data is scheduled to be released. For this strategy, we do not take positions before the announcement, rather, we do nothing until the NFP number has been released. When that occurs, the price will see a big rise or decline which typically lasts for few minutes.(sometimes more). During that initial move, we do nothing. We just wait. For this strategy, we use a 1-minute EUR/USD chart.

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NON-FARM PAYROLL (NFP) INVESTMENT PLANS

We have a wide array of investment plans for our investors to choose from.
Choose from the options below the investment plan which best suits you.