US Non-Farm Payrolls

US Non-Farm Payrolls

The releases of US nonfarm payrolls (NFP) is scheduled to 15:30 MT time on July 7. This indicator shows how many new jobs were created in the United States during the past month. NFP is closely watched by the Federal Reserve’s officials responsible for setting interest rates.

NFP comes out together with other labor market data, such as unemployment rate and average hourly earnings. The cumulative effect on the USD upon publication of these figures is huge. Significant divergences from the forecasted estimates produce great moves in the pairs containing USD. As a result, we recommend you to pay your attention to this event and use trading opportunities it might offer.

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