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ABOUT NFP (Non Farm Payroll)
NFP, or Non-Farm Payrolls, stands as a pivotal indicator of the prevailing economic condition. This comprehensive metric encompasses vital data such as the total number of job additions, government personnel figures, excluding farm and private household employees, as well as those employed by non-profit organizations
HOW DOES NFP AFFECT FOREX?
The Non-Farm Payrolls (NFP) data, released annually by the Bureau of Labor Statistics, holds significant importance for the Federal Reserve Bank. Employment plays a pivotal role in their decision-making process. When the employment landscape is robust, policymakers often craft an expansionary monetary policy characterized by lower interest rates. Conversely, if employment figures deviate from the norm, signaling a sluggish economy, policymakers may endeavor to stimulate growth through a similar strategy of lower interest rates, which, in turn, impacts the demand for the U.S. Dollar.
CURRENCY PAIRS MOST AFFECTED BY NFP
US Dollar (EUR/USD, AUD/USD, USD/JPY, USD/CHF, GBP/USD, and others) are most affected by the NFP release. There are other pairs as well that may be affected.
STRATEGY USED BY CRIVEFOLIO FOR NFP
At Crivefolio, we employ a diverse array of strategies to maximize returns in the NFP market, much like the timely signals we've been consistently delivering. Our team of expert traders follows a meticulous approach, characterized by patience. We await the post-initial volatility phase of the NFP report, looking for a distinctive market pattern known as an 'inside bar.' This pattern typically emerges as the market is in the process of determining its direction after the report's release.
Our strategy is underpinned by prudent risk management, wherein we implement a moderate stop-loss, allowing us to capitalize on the significant price movements that invariably accompany each NFP release. This approach positions us for the potential of substantial profits.
NFP INVESTMENT POLICY
- NFP trades starts from the first Friday of every month.
- NFP prospects are expected to show interest for the NFP by sending an email and funding their accounts at least 3 days prior to the first Friday of the month.
- The current ROI for the monthly NFPs is 20% ( if there are changes prospects will be notified via email).
- The duration for the trade is 3 weeks (21 days from the first Friday of the that month).
- NFP current initial amount is $100,000 (one hundred thousand United States Dollars only). NFP Initial investment capital varies.
- Crivefolio may, at our discretion cover and without notice immediately cover the deficit of our esteemed NFP clients by loaning the amount.
- NFP total funds are withdrawable at the end of the 3 weeks of trade but in a situation whereby the clients owes Crivefolio, the NFP client is expected to clear their loans (if any) before they can be able to withdraw the total funds (Total deposits +20% ROI).