US Non-Farm Payroll | USA

US Non-Farm Payroll (NFP) Employment Changes 11/06/09

Henry Liu Updated onJanuary 11, 2023

us non farm payroll nfp employment changes 11 06 09 186

8:30am (NY Time) US NonFarm Payroll Forecast -173K Previous -263K
ACTION: USD/JPY BUY -100K SELL -250K

DEFINITION

“Measures the change in number of employed people during the previous month, excluding the farming industry. A rising trend has a positive effect on the nation´s currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP. This report is the first of the month that relates to labor conditions, making it susceptible to big surprises.”

Update: Based on the market context we were able to make 69 pips of profits out of this trade.

Henry Liu

My name is Henry Liu, and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; my goal (and vision) is to educate every trader on how to take advantage of news trading and become more balanced traders.

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