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[QUOTE="SebsCubs, post: 125414, member: 41570"] First Friday of July is here! This means we'll be seeing a new NFP broadcast at 15:30 MT (GMT + 3)! Why is everyone so excited about this data? The reason why it's cool and easy - it makes the US dollar so uncertain! What is the NFP? Non-farm payrolls (NFP) shows how many people worked the previous month, excluding those who worked in the agriculture industry. It emerges with two important hints: unemployment rate and average income every hour. Combination, they represent strong fuel for American currency. Last month, NFP's actual figure came out at + 559 K (under estimated + 645 K). It disappoints traders and weakens the US dollar over any other currency. This time, as analysts expect non-farm payrolls to increase by 700 thousand, we might see a completely different picture! Remember: If real data is better than predictions, USD will increase! Alternative scenario will lower the US dollar down. We recommend you consider EUR / USD, USD / JPY, and GBP / USD to trade in this event! How about you? Do you already have a strategy to trade the NFP? [IMG alt="gold h4.png"]https://fbs.com/img/articles/31767/1625042745-b1e9e617a8cb27dc316eff380067f5e7_1200x1200_q90v3.png[/IMG] [/QUOTE]
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