Economic calendar · USD
Non-Farm Payrolls (NFP): what it is and how to trade it
Jobs added in the US economy outside farming, released with the unemployment rate and average hourly earnings.
What it measures
Jobs added in the US economy outside farming, released with the unemployment rate and average hourly earnings.
How traders handle it
The first minutes are the most volatile of the month. Many traders wait 15–30 minutes and trade the break of the release candle's range.
Price reacts to the surprise: the actual number minus the forecast. A great number that everyone expected can move nothing at all.
Reading it on the calendar
Each event shows an impact level, the previous figure, the forecast and, once released, the actual. Compare actual with forecast, and watch for revisions to the previous figure.
Frequently asked questions
When is Non-Farm Payrolls (NFP) released?
First Friday of the month, 8:30 am New York.
Which pairs move most on Non-Farm Payrolls (NFP)?
EUR/USD, GBP/USD, USD/JPY, XAU/USD, US indices.
How should beginners trade it?
Most beginners should be flat or protected before the release, then wait 15–30 minutes and trade a clean break of the release candle's range. Read Trading the News.
Fundamentals & News · 7 min
Economic Data That Moves Markets
NFP, CPI, GDP, PMI and friends, and how to read the calendar.
Fundamentals & News · 6 min
Trading the News
How to survive (and sometimes profit from) big releases.