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This website (www.forextb.com/eu) is operated by Forex TB Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF licence number 272/15. Forex TB Limited is located at Lemesou Avenue 71, 2nd Floor 2121 Aglantzia, Nicosia, Cyprus.
Forex TB Limited owns and operates the “ForexTB” brand.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.38% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. ForexTB does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Forex TB Limited is not a financial adviser and all services are provided on an execution only basis. Please read our Risk Disclosure document.
Forex TB Limited offers services within the European Economic Area (excluding Belgium) and Switzerland.
Forex TB Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Forex TB Limited is not a financial adviser and all services are provided on an execution only basis.
The non-farm payroll (NFP) report is a significant economic indicator of the U.S. economy released by the Bureau of Labor Statistics (BLS) under the “Employment Situation" report. The report measures the numbers of workers in the U.S. employed in goods, manufacturing and construction, which make up 80% of the U.S. workforce. Excluding farm employees, government employees, private household employees, and non-profit employees.
The number of jobs added or lost to the U.S. economy indicates the state of the U.S. economy, and can influence the Federal Open Market Committee (FOMC) interest rate decision.
Traders closely watch this monthly report, due to its potential to influence global markets, create market movements, and cause volatility. Analysts and traders try to speculate on the upcoming NFP data ahead of the official report.
Which markets affected most by the Non-farm payroll report?
The U.S. dollar and Forex currency pairs such as EUR/USD, GBP/USD, AUD/USD are hugely influenced by the non-farm payrolls data. Generally, If the data shows a healthy U.S. economy with growth and jobs added, the U.S. dollar is strong. On the other hand, a declining economy with a growing unemployment rate and a possible interest rate cut can cause traders to turn for stronger currencies.
The NFP report also affects gold. For example, in the case where the report’s data shows that state of the U.S. economy is declining, and the U.S. dollar seems weak to traders, traders might turn to safe haven assets like Gold.
The report is released on the first Friday of each month, an hour before the opening of the U.S. Stock market.
| Month | Day | Time (New York) |
|---|---|---|
| January | 5 | 08:30 |
| February | 2 | 08:30 |
| March | 8 | 08:30 |
| April | 5 | 08:30 |
| May | 3 | 08:30 |
| June | 7 | 08:30 |
| July | 5 | 08:30 |
| August | 2 | 08:30 |
| September | 6 | 08:30 |
| October | 4 | 08:30 |
| November | 1 | 08:30 |
| December | 6 | 08:30 |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.38% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Like all investment opportunities, trading Forex and CFD involves risk of loss. Here at ForexTB, we provide you with access to an education centre, risk-management tools and a customer support team.
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