NFP Report Forex
What is NFP?
Non-Farm Payrolls measures US jobs added or lost in the previous month (excluding farm, government, household workers). Released by BLS on the first Friday of each month at 8:30 AM ET (1:30 PM UTC, 5:30 PM UAE). The most market-moving single data release in forex.
How NFP Affects Gold and Forex
Strong NFP (more jobs than expected): USD strengthens, gold falls. Weak NFP: USD weakens, gold rises. A surprise of ±50,000 jobs vs consensus typically causes 1–2% moves in USD pairs and gold in the first 30 minutes.
Trading Strategy Around NFP
Most experienced traders avoid holding positions into NFP due to extreme volatility and spread widening. Strategies: (1) Wait 15–30 min post-release and trade the established direction. (2) Trade the second move — NFP is often partially reversed within 2 hours. Reduce position size minimum 50% on NFP day.
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