Knowing to predict and read the economic data releases is one of the essential qualities for the traders.
Here I dropped a thread on #NFP.
#forexeducation
Here I dropped a thread on #NFP.
#forexeducation
NFP is a vital aspect in determining the FED policies. The +ve data on NFP shows more job availability and strengthened economy. More people into jobs results in excessive money circulation in the name of wages or salaries. It results in inflation hikes for the currency
#forex
#forex
In order to maintain the inflation FED policy increases the interest rates . Higher interest rates strengthens the country's currency therefore NFP is considered as a red folder news release for forex traders.
#forexeducation #economicindicator
#forexeducation #economicindicator
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