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

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.

Follow us on Facebook

Beginner Forex book

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

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.

FBS Mobile Personal Area

FREE - In Google Play

View
It’s NFP time again

It’s NFP time again

Information is not investment advice

The United States will publish the non-farm employment change, also known as non-farm employment change or NFP at 15:30 MT time on March 6.

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

The indicator represents the change in the number of employed people during the previous month excluding the farming industry. Traders pay huge attention to it, as it makes the US dollar highly volatile after the release. It’s worth mentioning that it comes out at the same time with the level of average hourly earnings and the unemployment rate. The previous release contained mixed data. While NFP showed an increase of 225K jobs (vs. the forecast of 163K), average hourly earnings came out lower than analysts’ expectations (0.2% vs. 0.3% expected). At the same time, the unemployment rate reached 3.6% (vs. the forecast of 3.5%). As a result, the reaction of the USD was limited. 

• If the NFP and average hourly earnings are higher and the unemployment rate is lower than the forecasts, the USD will rise;

• If the NFP and average hourly earnings are lower and the unemployment rate is higher than the forecasts, the USD will fall. 

Check the economic calendar 

1доллар54757.png

LOG IN

Similar

Popular

Choose your payment system

Learn more