• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Algerias Remote Sensing Satellite-3B was successfully launched.On January 31st, a research report from CITIC Securities pointed out that the Trump administrations domestic and foreign policies are expected to profoundly impact global markets this year. CITIC Securities believes that one of the Trump administrations core objectives is to push down long-term interest rates through personnel changes at the Federal Reserve and a series of initiatives to boost the traditional economy and support the midterm elections. Success would be beneficial for global stock markets and commodities. However, its foreign policy focuses on domestic affairs and voter demands, and may only have a short-term impact on major asset classes. The extent of the fiscal deficit expansion remains uncertain, which is beneficial for gold and non-ferrous metals. The midterm election results are crucial; although Trump has tried his best to gain an advantage, a Republican defeat would be a short-term negative for risk assets other than US Treasuries.On January 31, the Civil Aviation Administration of China (CAAC) held a video conference on January 30 to deploy the 2026 Spring Festival travel rush work. The meeting focused on studying and implementing the important instructions and directives of General Secretary Xi Jinping on Spring Festival travel rush and work safety, and mobilized and deployed the 2026 civil aviation Spring Festival travel rush work. CAAC Deputy Director Ma Bing attended the meeting and delivered a speech. The meeting emphasized the need to solidify work responsibilities and go all out to ensure the success of all aspects of the Spring Festival travel rush work. It stressed implementing all safety requirements for the end of the year and the beginning of the new year, as well as winter operations, focusing on key safety aspects, strengthening the investigation and rectification of hidden dangers and supervision and inspection, and ensuring aviation safety; providing special Spring Festival services, strengthening support for key groups, handling irregular flights properly, standardizing market prices, and optimizing the passenger travel experience; strengthening market dynamic monitoring and optimizing Spring Festival flight arrangements; ensuring sufficient and capable on-duty personnel, properly handling emergencies, and providing care and support for frontline staff.U.S. Border Affairs Director Homan: My message is consistent with the position that has been in place since President Trump took office on January 20: we will conduct large-scale deportations, but will prioritize arresting criminals and those who threaten public safety.On January 31, it was reported that on January 30 local time, the Director of the White House Office of Management and Budget issued a memo to department heads instructing agencies whose funding was due at midnight to begin preparing for a government shutdown. These agencies included the Department of Defense, Department of Homeland Security, State Department, Treasury Department, Department of Labor, Department of Health and Human Services, Department of Education, Department of Transportation, and Department of Housing and Urban Development. Russ Vought stated, “Given that Congress is clearly unable to complete its work before the funding expires, affected agencies should now implement orderly shutdown plans. Employees should report to work on time, fulfill their next regular work duties, and conduct orderly shutdown activities. The government will continue to work with Congress to address recently raised issues and complete the funding work for fiscal year 2026. We hope this shutdown will not be too long.”

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