Traders await NFP

Traders await NFP

US Non-Farm Employment Change, also known as Nonfarm Payrolls or NFP, will be released on February 1 at 15:30 MT time.

The indicator shows how many jobs were created in the United States during the last month. It’s released together with the unemployment rate and the average hourly earnings indicators. All 3 of these indicators have a great impact on the USD.The last time, on January 4, NFP came out at 312K (higher, than the forecast of 179K), and wage growth accelerated to 0.4% (this is the change in average earnings index). Traders bought the US currency on the news, and the USD was supported.

• If the NFP is greater than expected, the USD will go up.

• If the NFP is weaker than expected, the USD will go down.

Check the economic calendar

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