NFP: What It Is and How It Moves the Forex Market
The Non-Farm Payroll (NFP) report is one of the most important economic indicators in the Forex market. It shows the number of jobs added or lost in the United States, excluding the farming sector, government employees, and private household workers. The NFP is released on the first Friday of every month by the U.S. Bureau of Labour Statistics. Forex traders pay close attention to this report. It gives a clear view of the health of the U.S. economy
All Eye on Today’s NFP
The UK general election 2024 was held on Thursday, and while the results are yet to be finalized, the Labour Party is poised to win a majority, ending the Conservatives' 14-year rule. The UK's equity market index, FTSE 100, edged higher in the last session, while the Pound Sterling remained steady. The Labour Party is expected to focus more on fiscal policy and economic development through expanding the country's sovereign debt, which may strengthen the Pound Sterling.
Non-Farm Payrolls Report: Market Movers Ahead?
Australia's economy experienced sluggish growth, with the Gross Domestic Product expanding by only 0.2% in the fourth quarter of 2023, below the anticipated 0.3%. This marked the fourth consecutive quarter of disappointing figures. In April, the ADP jobs report showed the inclusion of 192,000 nonfarm private jobs, slightly lower than March's 208,000, but still exceeding expectations of 179,000. Despite a minor slowdown in job creation, this indicates the labor market's enduring strength. In...
EUR/USD Testing Support Ahead of the Latest US Jobs Report (NFP)
EUR/USD Price, Chart, and Analysis
US NFP Turned Out In Line with Market Expectation
Friday, May 8th, 8:30(EST), US released April's Non-farm Payroll, which was much anticipated by the global market.
USD Rises on Firm NFP Report, 50bps Fed Rate Cut Bets Plunge
USD Rises on Firm NFP Report, 50bps Fed Rate Cut Bets Plunge
