News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:
  • AUD/USD is likely to face increased volatility over the coming days as it faces a batch of key event risks going into the end of July. Get your Australian Dollar forecast from @DavidJSong here:
  • The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell. Get your market update from @ddubrovskyFX here:
  • Is investing in your favorite brand or buying its products the better financial move? Read the article for a breakdown.
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:
  • The Japanese Yen has been making a comeback, but it may soon resume its decline against the US Dollar as USD/JPY consolidates within a bullish Falling Wedge. Watch for a breakout. Get your market update from @ddubrovskyFX here:
  • BTC/USD treading water sideways, 28600 the big level to watch. ETH/USD working on forming a nice-looking descending wedge. Get your market update from @PaulRobinsonFX here:
  • Gold hasn’t been very active the past few sessions, but that could change next week and provide a stronger trading bias. Get your weekly gold technical forecast from @PaulRobinsonFX here:
  • Market uncertainty sees GBP pairs break out of their ranges. Get your weekly GBP forecast from @HathornSabin here:
Forex News: Trading Tuesdays NFP Event

Forex News: Trading Tuesdays NFP Event

Walker England, Forex Trading Instructor

Talking Points

  • NFP historically is one of the Forex Markets most volatile news events.
  • Analysts expect NFP numbers to be reported at +180k.
  • Last month’s event miss created a 105 pip decline on the EURUSD.

Forex traders have had to wait patiently for this month’s release of US employment data. Due to the government shutdown earlier in October, NFP (Non-Farm Payroll) figures for the month are set to be released this Tuesday at 8:30am ET. As one of the most anticipated releases on the US economic calendar, Non-Farm Payrolls also known as NFP has been historically known to produce high levels of volatility in the Forex market. The cause of this volatility has evolved from the NFP announcement becominga proxy into the health of the US economy. So based around the number of jobs being added or subtracted to the labor force, traders can look to establish new positions.

First, NFP looks specifically at net changes in employment as jobs are created or subtracted in an economy in any given month. The term Non-Farm is used since farm / agricultural workers are not included in the employment count. The decision to not include agricultural jobs lies in these jobs being largely seasonal that could possibly produce small temporary shifts in labor reporting. Below we can see a composite of past NFP events from October 2011 through present. As you can see these numbers have been anything but consistent, causing problems for traders. So to get an idea of what to expect, let’s look at last month’s event in more detail.

Forex_News_Trading_Tuesdays_NFP_Event_body_United_States_Non_Farm_Payrolls.png, Forex News: Trading Tuesdays NFP Event

Below we can see exactly what occurred with last month’s price action on a EURUSD 5 minute chart, during the NFP news release. NFP numbers were expected to be released at 180k, meaning analysts expected 180,000 new jobs to be added to the economy. However, at the time of release the NFP number was issued lower than expected at 169k. Traders were left to react to this lower number with the market immediately reacting by selling off the EURUSD. By 10:45am ET, the EURUSD had declined in value as much as 105 pips from the event high at 1.3214!

So what should traders look for this month, with NFP totals again being released tomorrow Tuesday the 21st? Expectations are set again at 180k new jobs to be created. Taking a cue from last month’s report, if expectations are missed or come out better than expected, this could again lead to another round of volatility in the EURUSD. Once a direction is established traders can then trade the news using the strategy of their choosing.

Learn Forex –EURUSD Sept. NFP Release

Forex_News_Trading_Tuesdays_NFP_Event_body_Picture_4.png, Forex News: Trading Tuesdays NFP Event

(Created using FXCM’s Marketscope 2.0 charts)

Regardless if you intend to trade the news or maybe just sit on the sidelines, remember NFP can be an exciting and will often bring unexpected volatility. If you do decide to trade, stick with your news trading plan and always keep an eye on risk / reward levels while minimizing the use of leverage.

---Written by Walker England, Trading Instructor

To contact Walker, email Follow me on Twitter at @WEnglandFX.

To be added to Walker’s e-mail distribution list, CLICK HEREand enter in your email information

New to the FX market?Learn to trade like a professional with DailyFX!

Signup for this free “Trade Like a Professional” certificate course to help you get up to speed on Forex market basics. You can master the material all while earning your completion certificate.

Register HEREto start your Forex learning now!

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.