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RISK DECLARATION: Trading Contracts for Difference (CFDs) involves significant risks due to their complex and speculative nature, which may result in substantial capital loss. As a leveraged product, CFDs can lead to the loss of your entire balance, with leverage magnifying both potential gains and losses. It is important to understand that CFD traders do not own or have rights to the underlying assets. Trading CFDs may not be suitable for all traders. Past performance is not a reliable guide to future performance, and future projections are not guaranteed to be accurate. Make sure you fully understand the risks involved and seek independent financial advice, if necessary. Investrex Ltd does not provide advice, recommendations, or opinions in relation to acquiring, holding or disposing of any financial product. Please read our Risk Disclosure document for further information.
Investrex Ltd, registered on Mwali (Moheli) Island, is authorized and regulated by the Mwali International Services Authority under license number BFX2024051 with its registered office located at P.B. 1257 Bonovo Road, Fomboni, Comoros KM. Investrex Ltd owns the “PatronFX” brand and operates the website www.patronfx.com. The Company does not provide its services within the European Economic Area as well as in USA, Canada, British Columbia and some other jurisdictions.
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 |
CFD trading involves a significant risk to your capital due to the market’s volatility. CFDs might not be appropriate for every investor. It is important to fully understand the risks involved and consult with an independent, qualified financial advisor.
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