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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: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
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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.
