trade NFP

Key events: UK - Composite PMI (Nov)   UK - Services PMI (Nov)   USA - ISM Non-Manufacturing PMI (Nov)  

Powell took a hawkish line when he spoke in Jackson Hole last week but avoided specifics to preserve his room for maneuver. The Fed chief said that the QE rollback could start this year, which the markets were quick to take into account as a credible event. The question is when the announcement will be made - in September or near the end of the year. The September Fed policy shift will likely require a strong positive surprise in the NFP report for August.

On July 2, the U.S. Department of Labor will release its June jobs report. It is expected that hiring will accelerate, and the unemployment rate will fall, which will help alleviate some of the recent labor shortages.

Everyone will agree that trading on the news is a very dangerous venture and requires nerves of steel. But with the right news selection, this tactic can bring in a lot of funds in a matter of minutes. In this article, we will discover what Nonfarm payroll is, why is it so crucial to the economy, as well as how to trade the NFP report to your advantage.

Forex traders who decide to trade in a bear market are looking for a strategy or a way to generate income when markets are falling. But, is it possible to swing trade in a bear market? It is. The most used strategy in bear market trading is the swing strategy. Traders that want to swing trade must first understand the swing trade meaning. Swing trade is a trading path that comes with challenges. While many traders prefer to stay successful in a continuing bull market, many traders will choose to earn their income by swing trading in the following bear market.