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Forex question What is NFP and how it affects the market movement?
avatar Kito
Question by: Kito - 01 Oct 2013, 08:33:29
What is NFP and how it affects the market movement?
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Answers (2)
avatar user 1198
Answer by: Mackoy - 09 Oct 2013, 07:21:39

NFP stands for Non-farm payroll, it considered as one of the important news in Forex. It can really change the market movement and most traders really looking forward to this news for they can make a large profit. The most affected currency pairs are the pairs with USD and the average movement during this news is around 100 pips.

avatar user 2007
Answer by: Tamba2013 - 10 Feb 2014, 04:49:41

Sometimes, it is the main cause of the market fluctuation and most of the traders lost a few bucks during this event..

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