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Company Information: This website (www.investico.com) is operated by Faraz Financial Services (PTY) Limited, a South African investment firm, authorized and regulated by the Financial Sector Conduct Authority of South Africa with Financial Service Provider (FSP) license number 45518 to provide intermediary service. Faraz Financial Services (PTY) Limited is located at registered office is at 31 First Avenue East, Parktown North, Unit 9, 2193 Gauteng, Johannesburg, South Africa.
Faraz Financial Services (PTY) Limited owns and operates the “Investico” brand.
Faraz Financial Services (PTY) Limited and Value Bridge Single Member Investment Services S.A belong to the same Group of Companies. Value Bridge Single Member Investment Services S.A is regulated by the Hellenic Capital Market Commission with license number 6/927/31-8-2021.
Risk warning: CFDs, namely Contracts for difference, are financial instruments which carry a high risk of losing all capital as they are complex financial products. Trading in CFDs, which includes trading with leverage, could lead to the rapid loss of all balance held within your trading account. Please bear in mind that leverage in such financial products may be advantageous or the opposite. Also, it is essential to know that a contract for difference gives no right of ownership to the underlying assets. Past performance is not a reliable source for future results and forecasts do not constitute a reliable indicator of future performance. It is highlighted that trading in CFDs is not appropriate for all investors and prior deciding to trade, you should thoroughly consider whether your level of experience, investment objectives and risk tolerance is able to endure the high risk of trading. In no event you should deposit more funds than you are prepared to lose. You should ensure that you understand all risks associated with trading in CFDs and seek independent advice, if necessary. Please ensure you read our Risk Disclosure document.
Regional Restrictions: Faraz Financial Services (PTY) Limited does not provide services within the European Economic Area, the USA, British Columbia, Canada and some other regions.
Faraz Financial Services (PTY) Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Faraz Financial Services (PTY) Limited is not a financial adviser.
The non-farm payroll (NFP) report is a significant economic indicator of the U.S. economy released by the Bureau of Labor Statistics (BLS) under the “Employment Situation" report. The report measures the numbers of workers in the U.S. employed in goods, manufacturing and construction, which make up 80% of the U.S. workforce. Excluding farm employees, government employees, private household employees, and non-profit employees.
The number of jobs added or lost to the U.S. economy indicates the state of the U.S. economy, and can influence the Federal Open Market Committee (FOMC) interest rate decision.
Traders closely watch this monthly report, due to its potential to influence global markets, create market movements, and cause volatility. Analysts and traders try to speculate on the upcoming NFP data ahead of the official report.
Which markets affected most by the Non-farm payroll report?
The U.S. dollar and Forex currency pairs such as EUR/USD, GBP/USD, AUD/USD are hugely influenced by the non-farm payrolls data. Generally, If the data shows a healthy U.S. economy with growth and jobs added, the U.S. dollar is strong. On the other hand, a declining economy with a growing unemployment rate and a possible interest rate cut can cause traders to turn for stronger currencies.
The NFP report also affects gold. For example, in the case where the report’s data shows that state of the U.S. economy is declining, and the U.S. dollar seems weak to traders, traders might turn to safe haven assets like Gold.
The report is released on the first Friday of each month, an hour before the opening of the U.S. Stock market.
| Month | Day | Time (New York) |
|---|---|---|
| January | 5 | 08:30 |
| February | 2 | 08:30 |
| March | 8 | 08:30 |
| April | 5 | 08:30 |
| May | 3 | 08:30 |
| June | 7 | 08:30 |
| July | 5 | 08:30 |
| August | 2 | 08:30 |
| September | 6 | 08:30 |
| October | 4 | 08:30 |
| November | 1 | 08:30 |
| December | 6 | 08:30 |
Trading in Forex/CFD carry a high level of risk to your capital due to the volatility of the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.
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Like all investment opportunities, trading Forex and CFD involves risk of loss. Here at Investico, we provide you with access to an education centre, risk-management tools and a customer support team.
