The Non-Farm Payrolls (NFP) report is a monthly economic report released by the United States Department of Labor, Bureau of Labor Statistics. It measures the change in the number of people employed in the U.S. non-farm sector during the previous month. The report is considered one of the most important economic indicators, as it provides a comprehensive picture of the U.S. labor market.

The NFP report is typically released on the first Friday of each month and is closely watched by Forex traders around the world. The report includes data on the number of jobs added or lost, the unemployment rate, and wage growth. These indicators can have a significant impact on Forex markets, as they provide insight into the health of the U.S. economy and the likelihood of changes in monetary policy.

If the NFP report shows that the number of jobs added is higher than expected, it is generally seen as a positive sign for the U.S. economy and can lead to an increase in the value of the U.S. dollar. On the other hand, if the number of jobs added is lower than expected, it is generally seen as a negative sign for the U.S. economy and can lead to a decrease in the value of the U.S. dollar.

Similarly, the unemployment rate and wage growth data included in the NFP report can also have an impact on Forex markets. If the unemployment rate is lower than expected and wage growth is higher than expected, it is generally seen as a positive sign for the U.S. economy and can lead to an increase in the value of the U.S. dollar. Conversely, if the unemployment rate is higher than expected and wage growth is lower than expected, it is generally seen as a negative sign for the U.S. economy and can lead to a decrease in the value of the U.S. dollar.

Overall, the NFP report is closely watched by Forex traders and can have a significant impact on currency values. Traders often adjust their positions and trading strategies in response to the report, making it an important consideration for anyone trading Forex.

Looking to learn about forex? Take our crash courses at our Forex University. If you’re looking to setup a demo trading account then click here. Finally, if you’re looking for Forex Signals, Forex Portugal provides free & premium signals on-demand.