How To Trade The US NFPs Release

Written by John Kicklighter, Currency Analyst, DailyFX
Thursday, 04 October 2007 13:14:56 GMT

The non-farm payrolls release has not only been the consistent top market mover for the US dollar, it is arguably the most influential fundamental indicator for the entire FX market. Further adding to the employment number’s clout, this month’s report comes just after the first negative print in four years. As such, many market participants, economists and policy makers believe the world’s largest economy is coming to a major turning point. For years, strong employment trends have supported the economy’s primary engine: consumer spending.

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