Presentation on theme: "The U.S. employment report is arguably the single, most important economic event in the world today It is the number of jobs created or destroyed in the."— Presentation transcript:
The U.S. employment report is arguably the single, most important economic event in the world today It is the number of jobs created or destroyed in the United States for the most recent month, as well as the unemployment rate It generates a massive reaction in the foreign exchange markets, giving traders a huge opportunity to make money Every month, millions of traders make trillions of dollars by trading nonfarm payrolls
Example: Imagine you traded 100,000 units of EUR/ USD Every pip the cross moves higher amounts to $10 in your favour The FX reaction to nonfarm payrolls typically amounts to 50 pips or more This means you would make $500 If you traded 1,000,000 units- every pip would be worth $100- making you $5000!
November 6 th, 2009 Nonfarm Payrolls Report NFP was expected to come in at -175k It came in at -190k The unemployment rate was expected to come in at 9.9% It came in at 10.2%. EUR/USD declined 55 pips in the 20 minutes following the report Anyone shorting 100,000 units of EUR/USD made $550 Anyone shorting 1,000,000 of EUR/USD made $5500
By predicting the number of jobs created or destroyed in the US that month If you think the consensus forecast is too optimistic- you can still make money by shorting EUR/USD XForex gives you a number of tools to make informed decisions to trade on
By providing expert news, analysis and commentary from the world’s most reputable financial institutions and in-house analysts to give you a feel of where the market stands ahead of time Get a feel for how the market stands with the XForex Daily Review Get on top of what is happening in the markets before the release, with the Overnight Express Know how the experts predict the markets will react with the FYI FX Chatter Report.