EUR/USD 1.19148
-0.466%
Gold 5061.44
-5.859%
Oil 64.374
-1.330%
USD/JPY 154.164
0.690%
GBP/USD 1.37464
-0.455%
GBP/JPY 211.925
0.241%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 30th, Bosch announced that its core markets are not expected to see significant improvement before next year. The worlds largest automotive supplier is facing immense cost pressures due to weak demand and high costs, triggering a wave of layoffs. In its 2025 annual results released on Friday, Bosch stated that due to slowing global economic growth and price pressures from tariffs, the company will not achieve its 7% profit margin target until 2027 at the earliest. Bosch has repeatedly postponed its profit targets in recent years. CEO Stefan Hartung stated, "The target remains steadfast, but the realities are always changing." He hinted that the company may need to accelerate its workforce reduction, with layoffs potentially exceeding the 13,000 announced last year. The weakening dollar, exchange rate effects, tariff barriers, intense competition, weak demand from automakers, and restructuring costs are all contributing to Boschs current performance pressures.On January 30, a spokesperson for the Ministry of Commerce answered questions from reporters regarding the outcome document of China-UK economic and trade cooperation. The China-UK Joint Commission on Economic and Trade (JCO-ITS) is an important mechanism for economic and trade cooperation between the two countries, comprising several specialized working groups. The last meeting was held in Beijing in September 2025. The Memorandum of Understanding signed by both sides this time, entitled "Memorandum of Understanding on Strengthening the Work of the China-UK Joint Commission on Economic and Trade Cooperation," aims to solidify the JCO-ITS role as a platform for dialogue on China-UK economic and trade policies and trade and investment promotion, promote interaction between the JCO-ITS and the China-UK Business Council, strengthen dialogue between government and businesses in both countries, promote the resolution of issues and demands from enterprises on both sides, and contribute to deepening China-UK economic and trade relations.On January 30th, a spokesperson for the Ministry of Commerce answered reporters questions regarding the outcome documents of China-UK economic and trade cooperation. The UK is the worlds second-largest exporter of services. In recent years, China and the UK have actively promoted cooperation in the service trade sector, achieving positive results. Through the signing of two documents—the "Memorandum of Understanding on Launching a Joint Feasibility Study on a China-UK Service Trade Agreement" and the "Memorandum of Understanding on Establishing a Bilateral Service Partnership"—China and the UK will launch a feasibility study to negotiate a service trade agreement. They will also fully leverage the complementarity and respective advantages of the service sector to further deepen cooperation in areas such as creative industries, professional services, financial services, and healthcare. In the current turbulent international environment, this represents a concrete action by both countries to jointly support free trade.Italys unemployment rate in December was 5.6%, compared to a forecast of 5.80% and a previous reading of 5.70%.Market news: Forecasts indicate that the United States is facing its first-ever population decline.

What impact does NFP have on the forex market?

LEO

Oct 25, 2021 13:27

Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. It does not include farm workers, private household employees, or non-profit organization employees.

It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market.

The Bureau of Labor Statistics releases data on the first Friday of the month, at 8:30 a.m. Eastern Time. 

This data is analyzed closely because of its importance in identifying the rate of economic growth and inflation.

Nonfarm payroll is included in the monthly Employment Situation or informally the jobs report and affects the US dollar, the Foreign exchange market, the bond market, and the stock market.

The markets react very quickly and most of the time in a very volatile fashion around the time the NFP data is released. The short-term market moves indicate that there is a very strong correlation between the NFP data and the strength of the US dollar. Historical price movement data shows a small negative correlation between the NFP data and the US dollar Index.

The figure released is the change in nonfarm payrolls (NFP), compared to the previous month, and is usually between +10,000 and +250,000 during non-recessional times. The NFP number is meant to represent the number of jobs added or lost in the economy over the last month, not including jobs relating to the farming industry.

As with other indicators, the difference between the actual non-farm data and expected figures will determine the overall impact on the market. If the non-farm payroll is expanding, this is a good indication that the economy is growing, and vice versa. However, if increases in non-farm payroll occur at a fast rate, this may lead to an increase in inflation. In forex, the level of actual non-farm payroll compared to payroll estimates is taken very seriously. If the actual data comes in lower than economists' estimates, forex traders will usually sell U.S. dollars in anticipation of a weakening currency. The opposite is true when the data is higher than economists' expectations.

Suggestion