NFP Trading Recommendations Traders, gear up for the Non-Farm Payrolls (NFP) report! For those diving into NFP for the first time, it's a key economic indicator that measures the employment situation in the United States, excluding farmworkers and those employed by non-profit organizations.
Trade Up:
- EUR/USD, AUD/USD: positive vibes for the Euro and Australian dollar as NFP is anticipated to drop.
Trade Down:- USD/CAD, USD/JPY: the Canadian Dollar and Yen could gain strength as NFP data is predicted to decrease.
Important note:These are recommendations based on forecasts, and the market can be unpredictable. Remember, trade responsibly and adapt your strategy to market dynamics
