How to trade the NFP (Non Farm Payroll) Today – Forex Forecast NFP Special – 10th Jan 2020
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Forex Forecast NFP Special Overview:
The NFP is the single most impactive, scheduled event in the economic calendar month. It occurs on the 1st Friday of every month and offers traders a massive opportunity to trade big movement with big profit.
The risk is that movement can lead equally big loss, so as traders, what we need to do, as always, is be patient and wait for the right time to strike.
We also have to make sure we are not confusing ourselves by attempting to trade lots of different pairs. We need to identify key pairs and focus on those and those alone. Ignore anything else that may be happening.
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Forex Pairs to watch today – USDJPY, USDCAD, XAGUSG, XAUUSD.
Once the NFP results are released, be patient and don’t trade reaction, trade true impact, which is hardly ever the initial movement further to NFP results being released.
News Sources Below:
Economic Calendar (provided by Forex Factory) –
Yesterdays Top 5 Watch List –
Todays NFP Forecast –
First Non Farm Payroll of 2020 Overview –
Trump holds trade talks with China until after 2020 Elections –
World Bank Warns of Global Debt Crisis as Borrowing Increases –
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