Forex traders eagerly await the Non Farm Payroll Schedule 2023 (NFP). It is one of the most important economic reports that come out every first Friday of the month at 10:00 AM EST. 8:30 AM EST. It is also the start of a cat-and-mouse game between currency traders and forex daytrading investors. Check the NFP Schedule for the next year.
As the new year approaches, the NFP Schedule 2023 is ahead. The Non-Farm Employment Rate Report is an electrifying monthly moment for SimpleFX currency and Forex daytrading players. It has a significant influence on the USD currency pairs. USDEUR, USDJPY, and USDGBP exchange rates generally record quite sharp movements just minutes after the publication of the NFT report.
So, how is the Non Farm Payroll Schedule 2023 running? Below you will find important dates:
Non Farm Payroll Schedule 2023
|Time (UTC +8 during Daylight Savings Time)
|6 January 2023
|3 February 2023
|10 March 2023
|7 April 2023
|5 May 2023
|2 June 2023
|7 July 2023
|4 August 2023
|1 September 2023
|6 October 2023
|3 November 2023
|8 December 2023
The U.S. Bureau of Labor Statistics is the institution that publishes the Non-Farm Payroll report every month. The document provides information on the US employment rate in non-farm sectors. Those sectors include farms, private households, government institutions, and owners and employees of non-profit institutions.
In addition to the employment rate, the report contains numerous other static data that are updated monthly and made it available outside for anyone interested in the topic. So, every year, NFP Schedule 2023 will also be a treat for Forex daytrading investors who want to extract as much as possible from the volatility of the Forex market.
Non Farm Payroll Schedule 2023: Forex Day Traders Go Hunt
Monthly NFP reports will be a good opportunity for Forex Traders to recognize which currency is worth betting on NFT employment data. Forex daytrading investors are waiting, in turn, to check the behavior of investors and start trading at the right moment.
Learn more: How To Start Trading Forex Within Minutes
In the hope that the USD will continue to rise recently, currency traders will start buying the US currency. On the assumption that the non-farm employment rate will increase and wages will fall, traders will see the dollar announcement of a decline in value and buy with the Euro.
How does Forex Daytrading Reacts to NFP?
- Forex daytrading investors wait for what currency traders will do before they position and trade.
- If currency traders start buying dollars, day traders start taking long positions.
- If currency traders buy euros, day traders start taking short positions.
The exciting thing is that it will all take place within minutes of the publication of each Non Farm Payroll 2023. Prices are likely to fluctuate heavily in the first minutes after publishing the report but tend to stabilize up or down after a few more minutes.