#USNonFarmPayrollReport 📊 What is the NFP report and why is it important to traders?

The Non-Farm Payroll (NFP) report is one of the strongest economic news releases in the U.S. market.

It measures the number of new jobs added in the economic sectors excluding: agriculture, government, and non-profit organizations.

The report is released on the first Friday of every month and is considered a direct indicator of the strength of the U.S. economy.

⚡️ Its importance to traders:

If the numbers come in higher than expected 👉 it indicates a strong economy ➝ the dollar often strengthens.

If the numbers come in lower than expected 👉 it signals weak growth ➝ the dollar often weakens.

💡 For this reason, the NFP news is considered one of the most impactful news on forex, gold, and cryptocurrencies, as it causes strong market movements within minutes!