📊 What is NFP?
• An American indicator measuring the number of new jobs excluding agriculture, government, and non-profit organizations.
• Released 📅 on the first Friday of every month.
• Provides a clear picture of the strength of the American economy.
💡 Its importance for traders:
• A number higher than expected ➝ 💵 the dollar strengthens.
• A number lower than expected ➝ 📉 the dollar weakens.
• Causes strong fluctuations in forex, gold, and stocks.
⚡ Summary:
• NFP = The most important monthly news that moves global markets!
#USNonFarmPayrollReport #MarketPullback #BTCvsETH
• An American indicator measuring the number of new jobs excluding agriculture, government, and non-profit organizations.
• Released 📅 on the first Friday of every month.
• Provides a clear picture of the strength of the American economy.
💡 Its importance for traders:
• A number higher than expected ➝ 💵 the dollar strengthens.
• A number lower than expected ➝ 📉 the dollar weakens.
• Causes strong fluctuations in forex, gold, and stocks.
⚡ Summary:
• NFP = The most important monthly news that moves global markets!
#USNonFarmPayrollReport #MarketPullback #BTCvsETH
