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Reminder: 8:30am EST NFP Payrolls/Unemployment Report: How to Trade the U.S. Dollar in the Forex Market

Author

Sean Hyman
Contributing Writer
instructor@mywealth.com

 

 Don't forget! One of the biggest movers of the currency (forex) market happens tomorrow at 8:30am EST. It's the Non-Farm Payrolls Report for the U.S. which shows how many jobs are gained/lost and also what the unemployment rate is.

This can cause some of the biggest moves in the U.S. dollar (particularly the EUR/USD and GBP/USD pairs).

So get your demo opened up here. Watch it and see how the U.S. dollar responds to the report and even trade it on your demo account.

Remember, you have real time quotes and charts at your disposal for FREE with this demo (practice) account.

The expectation is for 650,000 jobs to be lost and for the unemployment rate to come in at 7.9%.

If the numbers come in far better OR far worse, it tends to move the dollar very fast.  

Sean Hyman

Head Course Instructor

www.mywealth.com/courses.html

 


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