Non farm payroll.

Nonfarm payroll is a term used in the U.S. to refer to any job with the exception of farm work, unincorporated self- employment, and employment by private households, the military and intelligence agencies. Proprietors are also excluded. The U.S. Bureau of Labor Statistics releases closely- followed monthly data on nonfarm payrolls as part of its Employment Situation Report. The headline figure, the change in the total number of nonfarm payrolls compared to the previous month, is used as a gauge of economic health. Nonfarm payrolls are reported on the first Friday of the following month, with occasional exceptions, at 8:30 a.m. The data are used to assist policymakers and economists with determining the current state of the economy and predicting future levels of economic activity. The NFP report causes one of the consistently largest rate movements of any news announcement in the forex market. As a result, many analysts, traders, funds, investors and speculators anticipate the NFP number - and the directional movement it will cause. With so many different parties watching this report and interpreting it, even when the number comes in line with estimates it can cause large rate swings.

OUR STRATEGY ?

The NFP report generally affects all major currency pairs, but one of the favorites among traders is the GBP/USD. Because the forex market is open 24 hours a day, all traders have the capability to trade the news event. This makes it easier for a inexperienced traders to lose trades and money. The logic behind the strategy is to wait for the market to digest the information's significance. At Sinara Capital, we employ the services of Top Class analysts who are always one step ahead. Thereby assuring your profits. Once the initial swings have occurred, and after market participants have had a bit of time to reflect on what the number means, we will enter a trade in the direction of the dominating momentum. We wait for a signal that indicates the market may have chosen a direction to take rates.