NFP will shake the US dollar

NFP will shake the US dollar

What will happen?

The United States will publish Non farm payrolls on February 4, at 15:30 GMT+2. It is an indicator which presents a change in the number of employed people during the previous month, excluding the farming industry.

Why is it important?

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. The combination of importance and earliness impacts markets significantly.

Last time the actual numbers were lower-than-expected, as the result EUR/USD gained 500 points in 4 hours.

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How to trade on Non farm payrolls?

Compare the actual figures with the forecasts in the economic calendar.

  • If the actual figures are higher than the forecast, the USD will strengthen;
  • If the actual figures are lower than the forecast, the USD will weaken.

Check the economic calendar

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

Similar

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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