the u.s. employment report is arguably the single, most important economic event in the world today...
TRANSCRIPT
Revolutionizing Your Investments
Trading Nonfarm Payrolls The U.S. employment report is arguably the single, most important
economic event in the world today
It is the number of jobs created or destroyed in the United States for the most recent month, as well as the unemployment rate
It generates a massive reaction in the foreign exchange markets, giving traders a huge opportunity to make money
Every month, millions of traders make trillions of dollars by trading nonfarm payrolls
Trading Nonfarm Payrolls
Example:
Imagine you traded 100,000 units of EUR/ USD
Every pip the cross moves higher amounts to $10 in your favour
The FX reaction to nonfarm payrolls typically amounts to 50 pips or more
This means you would make $500
If you traded 1,000,000 units- every pip would be worth $100- making you $5000!
Trading Nonfarm Payrolls
November 6th, 2009 Nonfarm Payrolls Report
NFP was expected to come in at -175kIt came in at -190k
The unemployment rate was expected to come in at 9.9% It came in at 10.2%.
EUR/USD declined 55 pips in the 20 minutes following the report
Anyone shorting 100,000 units of EUR/USD made $550Anyone shorting 1,000,000 of EUR/USD made $5500
November 6th, 2009
How do make money trading Nonfarm Payrolls?
By predicting the number of jobs created or destroyed in the US that month
If you think the consensus forecast is too optimistic- you can still make money by shorting EUR/USD
XForex gives you a number of tools to make informed decisions to trade on
How Can XForex Help YouAccurately Predict?
By providing expert news, analysis and commentary from the world’s most reputable financial institutions and in-house analysts to give you a feel of where the market stands ahead of time
Get a feel for how the market stands with the XForex Daily Review
Get on top of what is happening in the markets before the release, with the Overnight Express
Know how the experts predict the markets will react with the FYI FX Chatter Report.