Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD
The Non-farm payrolls report is one of the most anticipated economic news reports in the forex markets. It is published the first Friday of the month at 8:30AM Eastern time by the U.S. Bureau of labor statistics. The data release actually includes a number of statistics, and not just the NFP(which is the change in the number of employees in the country, not including farm, government, private and non- profit employees.). Another metric included in the data release is the unemployment rate.
Specific Services
There must be a pullback
After the initial move of 30pips or more, there must be a pullback at least 5 one-minutes price bars. This means that if the initial move was up, we want to see the price drop off the high of the initial move and stay below that for at least 5 bars( they don't all need to be down bars.) Preferably the pullback makes sure significant downward progress, but it must not drop below the 8:30AM price where the initial move began.
The pullback makes significant upward progress
If the initial move was down, we want to see the price rally off the low of the Initial move and stay above low that for at least 5 bars. Preferably, the pullback makes significant upward progress, but it most not rise above the 8:30AM price, when the Initial down move began.
The Non-farm payrolls report
The Non-farm payrolls report is one of the most anticipated economic news reports in the forex markets. It is published the first Friday of the month at 8:30AM Eastern time by the U.S. Bureau of labor statistics. The data release actually includes a number of statistics, and not just the NFP(which is the change in the number of employees in the country, not including farm, government, private and non- profit employees.). Another metric included in the data release is the unemployment rate.
NFP Investment Packages
Copyrights © 2025 All Rights Reserved, Prime Ledger Invest