Upcoming NFP

Traders Den

Are you ready?
Non-farm payrolls are coming up on Friday. As a key economic indicator, it often leads to significant movements.

The NFP is always a highly anticipated release. It shows the change in the number of employed people in the US from month to month, not including the farming sector. It’s commonly regarded as an indicator of the health of the US economy, and that means it has an impact on the dollar and wider markets.

If the NFP is higher than expected, stocks and the dollar often make gains, while a lower figure can mean the opposite.

Don’t miss it. The NFP is due on Friday

  • The main focus for many traders in 2024’s first NFP is the rate of unemployment because of the surprise lower figure for that last month.
  • A large majority of participants expects the Fed to cut rates in March: this job report is unlikely to change that impression unless it delivers major surprises.
  • If this NFP is more-or-less as expected, the dollar might have more room to fall and gold gain in line with established trends.
  • M15’s ATR for gold peaked at $6 after the last NFP. Volatility will probably be lower this time due to seasonality.

Are you ready to trade the NFP?
The response to the NFP can sometimes cause market volatility. We suggest you fund your account in advance of the release so you’re ready to trade any opportunities that arise.