What is NFP?
Of all the world monthly economic reports, the monthly US NFP report is the most highly anticipated and has the most dramatic impact on the currency market.
The report, which is released on the first Friday of each month and states the previous month’s numbers, provides detailed industry data on employment, hours and earnings of workers on nonfarm payrolls. These numbers are the best way to gauge the current state of the US market as well as the direction that the economy is heading.
What’s more, the employment numbers provided by the report are used by the Fed to shape their interest rate policies. The health of the US economy and interest rates translate to the strength or weakness of the US dollar.
70news.com
Karl Dittmann
“Something Fantastic” happens every day at the same time, to the same stock index..that will make you rich! If you learn the one hidden secret which is repeated daily for years, you will make an incredible profit! One single stock index trade within 15 minutes of the market opening isall that is needed!
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Karl Dittmann
-
30 years of stock tading experience
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Penny Stock Picks April 2009. In the stock market it’s not impossible to watch a stock move up dramatically in a matter of hours or days. Investors and traders can make great money and fatten their wallets every time this happens.
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CNBC Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Guy Adami suggests long Abbott Labs [ABT 47.89
1.29 (+2.77%)
] .
Karen Finerman prefers long Axsys [AXYS 39.64
-1.50 (-3.65%)
] . (Click here to find out why!)
Pete Najarian thinks the iShares NASDAQ Biotechnology Index [IBB 66.22
-0.86 (-1.28%)
] is a buy.
Tim Seymour doesn’t have a stock pick, sorry.