High volatility alert: NFP

High volatility alert: NFP

What will happen?

The United States will post the indicators of employment on April 2, at 15:30 MT time. You will get an opportunity to trade on the average hourly earnings, the unemployment rate, and, of course, on the non-farm payrolls (NFP). The last indicator tends to be the most important one. It represents the change in the number of employed people during the previous month without the farming industry. The US dollar reacts greatly to this data. There is even a strategy for trading NFP right after the release. Don’t downplay the importance of the other two indicators, though. Combined, they represent a significant fuel to the US currency. Last time, non-farm payrolls greatly outperformed the forecasts with an increase of 379K. The unemployment rate dropped to 6.2%. The only release that came out in line with the forecasts was the average hourly earnings. As a result, the USD strengthened.  

How to trade on the NFP?

There are different ways for taking advantage out of the NFP release. Firstly, you can check the strategy for trading on NFP. Secondly, pay attention to the economic calendar.

  • If the NFP is greater than the forecasts, the USD will rise;
  • In case of an alternative scenario, expect a fall of the USD.

Check the economic calendar

Instruments to trade: EUR/USD, GBP/USD, USD/JPY

USD1.jpg

TRADE NOW

Similar

Latest news

Will US inflation push USD further up?
Will US inflation push USD further up?

The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera