#NFPWatch
NFPWatch likely refers to tracking or monitoring the Non-Farm Payrolls (NFP) report, a key economic indicator in the United States. Here's what you need to know:
*What is NFP?*
The NFP report measures the number of jobs added or lost in the US economy, excluding farm workers, private households, non-profit workers, and government employees. It's released monthly by the US Bureau of Labor Statistics (BLS) and has a significant impact on financial markets.
*Why is NFP important?*
The NFP report influences the Federal Reserve's decisions on interest rates, which in turn affects the value of the US dollar, stocks, and commodities. A higher-than-expected NFP figure can lead to increased interest rates, supporting the USD, while a lower-than-expected figure may indicate a declining economy, potentially resulting in rate cuts.
*Recent NFP Data*
The latest NFP report showed:
- *June NFP*: 147,000 jobs added, exceeding the market expectation of 110,000
- *May NFP*: 139,000 jobs added, surpassing the market expectation of 130,000
*Impact on Markets*
The NFP report can cause significant market volatility, particularly in:
- *Forex*: Affects major currency pairs like GBP/USD, EUR/USD, and AUD/USD
- *Indices*: Influences US indices like the Dow Jones, S&P 500, and NASDAQ
- *Commodities*: Can impact safe-haven assets like gold and silver
*Where to Watch NFP*
You can track NFP data and analysis on websites like:
- *FXStreet*: Provides up-to-date NFP news, analysis, and market impact
- *IG*: Offers NFP trading insights, market analysis, and live coverage
- *XTB*: Features NFP live previews and market analysis
- *Trading Economics*: Provides historical NFP data, forecasts, and economic calendar
- *Vantage*: Offers NFP data and trade deals in focus, with market analysis and insights
Keep an eye on these sources for the latest NFP news and analysis.
