NFP – Non Farm Payrolls Tomorrow – Futures Trading on August 4th
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
NFP, Non Farm payrolls or Unemployment numbers will be released tomorrow at 7:30 AM central. This is currently he biggest report as fed policy depends quite a bit on the labor market.
Be aware of the report, what market is expecting and how the market reacts.
I normally like to be flat 2 minutes before and stay that way for few minutes after until the “smoke clears” but every trader is different.
Source: Bureau of Labor Statistics (latest release) Measures Change in the number of employed people during the previous month, excluding the farming industry;
Usual Effect ‘Actual’ greater than ‘Forecast’ is good for currency;
Frequency Released monthly, usually on the first Friday after the month ends; Next Release Sep 1, 2023
Notes: This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts;
Why Traders Care? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Also Called Non-Farm Payrolls, NFP, Employment Change
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