Sunday, October 5, 2008

Trading the Non Farm Payroll

(click to enlarge)

Trading the NFP is one of those exciting days in Forex. As you can see, there is BIG movement after the announcement of the NFP news on Friday.


THE EMPLOYMENT SITUATION: SEPTEMBER 2008 Nonfarm payroll employment declined by 159,000 in September, and the unemployment rate held at 6.1 percent, the Bureau of Labor Sta-tistics of the U.S. Department of Labor reported today. Employment continued to fall in construction, manufacturing, and retail trade, while mining and health care continued to add jobs.

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