Company Information:

This website (www.patronfx.com/eu) is operated by Forex TB Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15. Forex TB Limited is registered at Lemesou Avenue 71, 2nd Floor, 2121, Aglantzia, Nicosia, Cyprus.

 

Forex TB Limited owns and operates the “PatronFX” brand.

 

Risk Warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.15% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. PatronFX does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Forex TB Limited is not a financial adviser and all services are provided on an execution only basis. Please read our Risk Disclosure document.

 

Regional Restrictions:

Forex TB Limited offers services within the European Economic Area (excluding Belgium) and Switzerland.

 

Forex TB Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Forex TB Limited is not a financial adviser and all services are provided on an execution only basis.

NFP

Non-Farm Payroll

The Non-Farm Payroll Report

The non-farm payroll (NFP) report is a significant economic indicator of the U.S. economy released by the Bureau of Labor Statistics (BLS) under the “Employment Situation" report. The report measures the numbers of workers in the U.S. employed in goods, manufacturing and construction, which make up 80% of the U.S. workforce. Excluding farm employees, government employees, private household employees, and non-profit employees.

The number of jobs added or lost to the U.S. economy indicates the state of the U.S. economy, and can influence the Federal Open Market Committee (FOMC) interest rate decision.

Non-Farm Payroll Report Main Components
  • The unemployment rate
  • Number of jobs added or decreased in a specific sector
  • The U.S. average hourly earnings

Traders closely watch this monthly report, due to its potential to influence global markets, create market movements, and cause volatility. Analysts and traders try to speculate on the upcoming NFP data ahead of the official report.

Which markets affected most by the Non-farm payroll report?

Forex Market

The U.S. dollar and Forex currency pairs such as EUR/USD, GBP/USD, AUD/USD are hugely influenced by the non-farm payrolls data. Generally, If the data shows a healthy U.S. economy with growth and jobs added, the U.S. dollar is strong. On the other hand, a declining economy with a growing unemployment rate and a possible interest rate cut can cause traders to turn for stronger currencies.

Gold

The NFP report also affects gold. For example, in the case where the report’s data shows that state of the U.S. economy is declining, and the U.S. dollar seems weak to traders, traders might turn to safe haven assets like Gold.

The Non-Farm Payroll 2021 Dates

The report is released on the first Friday of each month, an hour before the opening of the U.S. Stock market.

Month Day Time (New York)
January 7 08:30
February 5 08:30
March 5 08:30
April 2 08:30
May 7 08:30
June 4 08:30
July 2 08:30
August 6 08:30
September 3 08:30
October 8 08:30
November 5 08:30
December 3 08:30

% completed

Payment methods
In order to make a deposit, you first need to verify your account.
Your file has been rejected. Please contact customer support.
I understand

Fund your account

This section is open for clients only, please log in or sign up