#NFPWatch US NFP Report – A Critical Moment for Traders!
The US Non-Farm Payroll (NFP) report is released on the first Friday of every month and provides important insights into the health of the job market in the US.
🔍 Why is it important?
✅ The NFP report shows how many new jobs were created in sectors other than agriculture.
✅ If the report is poor, the Federal Reserve may lower interest rates – this weakens the dollar, and gold and bitcoin may strengthen.
✅ If the report is good, the dollar strengthens – this may create selling pressure on BTC/ETH.
💥 What to watch for during trading?
📌 High volatility – there may be sudden large moves when the news comes out.
📌 Get confirmation before entering trades – be cautious to avoid fakeouts.
📌 The Unemployment Rate and Average Hourly Earnings reports are also released with the NFP – these can also move the market.