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What is NFP in Forex?

NFP in Forex is, you first need to learn what NFP stands for. NFP is an abbreviation for Non-Farm Payroll, NFP which indicates the number of jobs gained in the USA during the previous month.  It is published on the first Friday of each month and can trigger quite a market reaction. The NFP indicator consists of multiple measures, including the participation rate, unemployment rate, and average hourly earnings. Although this indicator is specific to the United States economy, it is widely recognized as among the major drivers of the market. The reason is very simple the US dollar is a very common currency that is traded globally as part of many  forex currency exchange  pairs. As a result, NFP is closely monitored by traders and brokers around the world, who use it to predict future market movements and to position their market trades accordingly. Like in most other cases, it’s difficult to tell how much the market will react to the next NFP update. But there’s a way to get a gener
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