Trade the News – Nonfarm Payrolls (NFP)

Trade the News – Nonfarm Payrolls (NFP)

The nonfarm payrolls released by the US Bureau of Labor Statistics presents the number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. Generally speaking, a high reading is usually seen as positive (or bullish) for the USD, while a low reading is usually seen as negative (or bearish). Today we will be using the live example of this data for the US and we will be applying some relevant setups/strategies for USD crosses, riding the trend this data creates.

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