NFP and Forex: What is NFP and How to Trade It?
2021-05-07 10:30:00
David Bradfield,
Markets Writer
NFP and Forex Trading: MAIN TALKING POINTS
Non-Farm Payrolls (NFP) releases create volatility in the forex market.
NFP measures net changes in employment jobs.
Forex traders use an economic calendar to prepare for NFP releases.
What is the NFP?
The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It represents the number of jobs added, excluding farm employees, government employees, private household employees and employees of nonprofit organizations.
NFP releases generally cause large movements in the forex market. The NFP data is normally released on the first Friday of every month at 8:30 AM ET. This article will explain the role NFPs play in economics and how to apply NFP release data to a forex trading strategy.
Posted by: KHTS Articles in News Articles May 4, 2021 - 9:38 am
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Rupee rises 29 paise to 74.07 against dollar
PTI
Mumbai |
Updated on
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This is the fourth straight session of gain for the rupee, during which it has appreciated by 94 paise The rupee rose by 29 paise to close at 74.07 (provisional) against the US dollar on Thursday, extending gains for the fourth straight session amid a positive trend in domestic equities. At the interbank forex market, the local unit opened at 74.20 against the greenback and witnessed an intra-day high of 73.94 and a low of 74.23. It finally ended at 74.07 against the American currency, registering a rise of 29 paise over its previous closing. On Wednesday, the rupee had settled at 74.36.
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