The Role of NFP, Unemployment Rate, & Wage Growth in Forex Analysis

nfp

In Forex trading, economic data plays a crucial role in shaping market sentiment and driving price movements. Among the most influential economic indicators is NFP (non-farm payroll), a key employment report that provides insights into the strength of the U.S. labor market. Released monthly by the U.S. Bureau of Labor Statistics, the NFP report measures … Read more

Unemployment Rates and Forex: Why Employment Data Matters

unemployment

When it comes to forex trading, economic indicators play a critical role in helping traders make informed decisions. One of the most significant indicators is employment data, particularly the unemployment rate. Employment data shows the health of an economy. It also affects currency values. This makes it crucial for forex traders to watch these reports … Read more