Non-Farm Payroll (NFP) Non-farm payroll (NFP) report data is a key economic indicator for the United States. This data represents the number of workers paid in the US minus workers from the agricultural sector, government employees, private household employees and non-profit organization employees. The NFP report causes one of the largest and consistent price movements when news releases are released in the market. As a result, many analysts, traders, investors and speculators anticipate much of the NFP data to enter the market. But what should be known is that NFP is not possible to stand on its own, there are some supporting data that are often seen in market participants who can provide information about the US employment sector. These two data are: Unemployment Claims (weekly release) There is a decrease in the number of people who claim to be unemployed to get help from the government. ADP Non-Farm Employment Change (monthly release) This data represents data on changes in the number of people employed during the previous month, excluding agricultural and government industries. If we see, there is an increase in the number of workers in the US. When and Who Releases NFP This NFP report was created by the US Starture Bureau of the Center for Bureau of Labor Statistics. This NFP data report is made monthly, on Friday, the first week or the beginning of the month, at 7:30 pm or 8:30 pm. How Important Non-Farm Payroll Data and Its Influence for Financial Market Players. The report will release US NFP data is an important benchmark to check whether a country's economy is healthy or not. This report will help the government and Parliament to make policies and predict future economic activity levels. This NFP report proves to be a very important and indispensable indicator for economic conditions as the data moves along with the economy as a whole and is announced routinely every month. In addition, labor wage data published to various industry sectors and details of this data will assist the US Federal Reserve or Fed to evaluate labor markets and business conditions across a wide range of industries and companies. The Fed will always pay special attention to the release of this NFP report with its discussion at the Federal Open Market Committee (FOMC) meeting. Thus, the outcome of any FOMC-meeting will be a fundamentally anticipated market. Various surveys have shown that the amount of wages paid into Non-Farm Payroll components "accounts for about 80% of Gross Domestic productions of the United States (US). Because the Non-Farm Payroll report is useful for the US government to make economic policy of the government and also in predicting economic activity in the future.
I want to share my experience with NFP news This NFP trading strategy is devoted to the GBP / USD currency pair on the 15 minute chart (M15). The M15 chart allows early volatility to shrink, while it still opens up opportunities for us to capture potentially huge moves when market participants make more rational decisions about whether they will buy or sell based on the NFP news that has just come out. The rational trend that followed after the initial spike was the trend that attempted to be captured by the setup of this NFP trading strategy. Pair EUR / USD can also be used, but because GBP / USD usually has a daily range (range) greater than EUR / USD, then the chances are more potential. The 15 minute chart can be replaced with a 5 minute chart, but it will be very vulnerable to false signals.
