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 their high relation with economic policy decisions made by the Central Bank. The number is also subject to strong reviews in the upcoming months, and those reviews also tend to trigger volatility in the forex board. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish), although previous months reviews ​and the unemployment rate are as relevant as the headline figure, and therefore market's reaction depends on how the market assets them all.
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Speaker / Trainer Mr.Wali Fx
Professional Forex Trader and trainer (Since 2008)
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Risk Disclaimer:
This program is for educational purposes only
This program is not a signal service. Nor is it investment advice. There is more risk in trading and you can lose more than your investment. The information provided on this platform is for educational purposes only, but remember that it is not a licensed trainer. It only shares what it has learned, understood, and gained experience in the trading industry over the years. The method described herein does not guarantee any results and the Author can not be held responsible for any losses or damages in any account. Therefore, whatever is taught and taught here should be practiced only on a trial-demo account.
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