The term Non-Farm Payroll (NFP) is familiar to most forex traders. NFP is a report that measures U.S. worker growth across several sectors, excluding government employees, household workers, nonprofit employees, and agricultural workers. It is one of the most important and anticipated indicators for traders. The NFP's impact on USD pairs can create significant market volatility, which many GIC Traders use to secure large profits in a short time based on mentor guidance.
 
 
This data covers all business sectors contributing up to 80% of the U.S. Gross Domestic Product (GDP), making it crucial for assessing the labor sector’s condition. Compared to other U.S. employment data, NFP has the largest impact. A rise or fall in the NFP report figures can cause currency pairs like AUD/USD, GBP/USD, and EUR/USD to move between 50-250 pips, sometimes even more, within just minutes. In trading, patience is key to analyzing new data. The greatest volatility occurs in the first 30 minutes post-release, and caution is advised as the market can fluctuate rapidly. It’s generally best not to open orders before the release.
 
 
If you are in financial markets, including forex trading, you’ll find that the Non-Farm Payroll (NFP) report release is a highly anticipated event by market players worldwide, including GIC. GIC hosts a Live Trading Non-Farm Payroll session every first Friday of the month.
 
Join the Live Trading Webinar and Earn Bonuses from GIC

Speaker: Mathias Putra Time: December 3, 2021, Friday, 7:30 PM WIB

Register here
 
For those without a forex discussion group, you can join GIC's Telegram group. Sign up quickly to learn tricks for earning tens of dollars in a short time. See you there!